208.00 +5.23 (2.58%)
After hours: 7:44PM EST
Previous Close | 200.52 |
Open | 202.59 |
Bid | 207.55 x 1000 |
Ask | 214.99 x 800 |
Day's Range | 198.46 - 203.00 |
52 Week Range | 100.22 - 207.94 |
Volume | 695,482 |
Avg. Volume | 693,380 |
Market Cap | 17.999B |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | N/A |
EPS (TTM) | -2.73 |
Earnings Date | Feb 03, 2021 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 200.20 |
(IAC) has raised an additional $300 million in primary equity for its video software company Vimeo, the company said in an announcement Monday afternoon. IAC (ticker: IAC) expects to spin out Vimeo as a public company early in the second quarter of 2021. IAC said the new investment comes in two tranches, $200 million at a $5.2 billion pre-money valuation and $100 million at a $5.7 billion pre-money valuation.
Asset management firm T. Rowe Price Group Inc and Oberndorf Enterprises LLC, a financial services firm, provided the funding in two tranches and the second tranche of $100 million took Vimeo's post-money valuation to $6 billion, IAC said. The new investment comes after Vimeo raised $150 million from Thrive Capital and Singapore's sovereign wealth fund, GIC, at a $2.75 billion valuation in November.
IAC/InterActiveCorp said on Monday its online video platform, Vimeo, has raised $300 million in equity funding, just a month after the parent company approved a plan to spin off the unit. Asset management firm T. Rowe Price Group Inc and Oberndorf Enterprises LLC, a financial services firm, provided the funding in two tranches and the second tranche of $100 million took Vimeo's post-money valuation to $6 billion, IAC said. The new investment comes after Vimeo raised $150 million from Thrive Capital and Singapore's sovereign wealth fund, GIC, at a $2.75 billion valuation in November.