The potential acquisition would reportedly value the HPE, Microsoft and Koch-backed cloud software provider below its most recent valuation but above $250m.

Cancer therapy developer Oric, whose backers include Memorial Sloan, Taiho and Hartford HealthCare, floated at the top of its range in an expanded IPO.

SoftBank, Bank Mandiri and the corporate-backed EV Growth have exited digital payment technology provider Moka, which had raised $28m.

Marketing analytics software provider Adstage had raised more than $15m from backers including Verizon, Digital Garage, HubSpot, Guidewire and Eloqua.

Wujiang Hotels, Baicheng and Meili Jinrong are among the first wave of China-based companies to close due to Covid-19 restrictions.

Following the January merger of XebiaLabs and CollabNet VersionOne, Purdue spinout Arxan Technologies has also joined the group, now dubbed Digital.ai.

The Alibaba-backed e-commerce software and services provider is targeting $61.2m in an initial public offering on the Shanghai Stock Exchange.

Following the January merger of SIG-backed XebiaLabs and CollabNet VersionOne, Arxan Technologies has also joined the group, now dubbed Digital.ai.

BAIC has notched up an exit after the aluminium alloy component provider went public in a $47.8m offering on the Shenzhen Stock Exchange.

Huntington's disease therapy developer BrainVectis, a spinout of research institute Inserm, has been acquired having disclosed just $1m of equity funding in 2016.