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Morning Report:聽Let’s take a quick peek at the tech IPO market. Here’s what’s coming next.

Please excuse the personal note, but I’m back online after a week of not being around. I even took a few days off of Twitter, meaning that I all but stopped being alive last week. It felt alright.

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Regardless, I am in catch-up mode this morning, and we need to get back on our IPO grind. So, without any more self-indulgence, here’s the latest regarding technology debuts:

• Domo’s valuation cut to size.聽After its IPO filing flopped, hit the brakes on its valuation. Per , Domo’s gives the firm a midpoint valuation of just $511.6 million. That’s down from its last private valuation of (post-money). The company is also now shooting for a valuation that is smaller than the pile of money that it raised () as a private shop. Maybe the public markets are more efficient than we thought.
• Xiaomi’s IPO shoots for big money.聽The famous Chinese tech company’s IPO may raise $6 billion in a Hong Kong debut, . The same report notes that revenue grew around 70 percent last year and that its “operating profit more than tripled to 12 billion yuan ($1.9 billion)” over the same time period.
• Meituan’s IPO filing reveals epic losses, huge revenue growth.聽The other epic IPO in the offing, has a different profit profile. Indeed, the company’s $5.2 billion in 2017 revenue (+161 percent ) came with a hugely expanded $2.9 billion loss. That’s up over three times its 2016 loss, per the company’s . However, the company’s reported adjusted losses are falling. So, there’s that.
• Elastic files privately.聽Finally, Elastic has privately filed to go public,聽. The firm will shoot for a “valuation between about $1.5 billion and $3 billion” when it goes out, a premium on its last private valuation. More on Elastic .
• The automotive three.聽On the outer-edges of what counts as tech, we have these three companies. (filing) is a China-based used car auction platform that has . 听() is an online auto insurance shopping service that raised less than $40 million. And 听() is a platform that lets people rent their rides to people looking to provide them to others using Uber and Lyft. Per , these three are among next dozen or so companies to go public domestically.

Considering the current IPO pace, I’d expect more of the same until markets turn.

The IPO market’s , and the . Hell, Adaptive Insights even . The getting is good right now for tech debuts and every private investor needs liquidity. The only real question at the moment is how long the good times will last, and what will happen to companies that miss the window.

From The聽:

• In a bid to bolster returns from advertising on its video and TV content, AT&T is buying digital ad platform聽聽in a deal reportedly valued at around $1.6 billion. New York-based AppNexus, founded in 2007, previously raised more than $320 million in venture funding.

• , the largest service booking app in China, has filed for an IPO in Hong Kong. The company, which ranks as China鈥檚聽fourth largest unicorn, plans to raise at least $4 billion in the offering.

• 滨苍诲颈补鈥檚听, a fast-growing online insurance provider and lending marketplace, raised over $200 million in a new financing led by SoftBank.

Pet startups fetch record sums

• People are spending more on their pets than ever, and venture investors have taken notice. Funding for pet-related startups has been surging for several years and it looks like 2018 will set a record, led by big rounds for dog-walking and pet-sitting services.

Immigrants lead about half of top-funded US startups

• Roughly half of the most heavily funded U.S. unicorns count an immigrant as a founder or chief executive, a 小蓝视频色情网页版 News analysis finds. The numbers hew pretty closely to overall stats for immigrant leadership at well-capitalized startups.