Dahua, Shanghai Electric and CRRC are set to exit the smart EV manufacturer, which is reportedly set to raise at least $1bn in the flotation.

Radiopharmaceuticals developer Precirix completed an $88m series B round featuring Novo while corporate-backed kitchen technology provider Bear Robotics raised $81m.

Vestaire Collective is buying the Virgin-backed luxury fashion marketplace in a bid to increase its presence in a growing US market.

Existing backer Zomato is set to purchase grocery delivery service Blinkit in a deal which will also give SoftBank Vision Fund and Bennett Coleman & Co exits.

Macnica and Singtel Innov8 are set to exit the cybersecurity technology provider in a $617m cash and stock purchase by SentinelOne.

MUFG Innovation Partners contributed to mobility financier Moove's $105m series A2 round while MS&AD and Nationwide helped insurance software developer Socotra raise $50m.

More than 20 corporate backers are due to score exits through an offering that could value the online consumer services portal at nearly $29bn.

The corporate divested about 10% of its shares in the NYSE-listed online marketplace having already sold almost $1.7bn in shares six months ago.

Unfavourable market conditions have scuppered the corporate-backed consumer credit company’s planned reverse takeover as it opts instead for more private funding.

JetBlue Technology Ventures has exited the short-term rental data provider in a takeover by OTA Insights that follows $2.8m in funding.