Having emerged from the Merck Serono Entrepreneur Partnership Program (EPP) in 2015, Prexton Therapeutics raised a total $41m of funding before it was acquired by pharmaceutical firm Lundbeck for an estimated $1.1bn last year.

Digital Garage has exited the database technology developer, which had raised about $11m, in an acquisition of undisclosed size by Microsoft.

Maoyan is floating in Hong Kong at the bottom of its range, in an offering that will provide exits to Enlight, Tencent and Meituan Dianping.

Naspers subsidiary OLX has fully acquired classified listings platform Avito, six years after Naspers paid $50m for a minority stake and four after it took a majority share.

Just Eat has purchased the remaining shares of portfolio company Flyt for $28.8m, while fellow corporate Time Out recorded a $12.6m return.

Candy Ventures has reportedly agreed to buy the Qualcomm-backed AR technology developer just weeks after it fell into administration.

The company has acquired the Mobile First Alliance-backed push notification technology developer for an undisclosed amount.

A raft of corporates are set to exit free online television streaming platform Pluto TV after Viacom agreed to buy it for $340m.

Eli Lilly-backed ophthalmic technology developer Avedro has filed for an $86.3m initial public offering having previously raised $220m in debt and equity financing.

Marketing technology firm CM Group has snapped up digital marketing software creator Sailthru, which had raised $48.5m from investors including defunct corporate unit AOL Ventures.