The astonishing development of the private capital markets for fast-growing companies in the past five years is easy to record but only when put against public markets does the transformation in liquidity become apparent.

Rob Lavine, News editor for Global Corporate Venturing, reviews the trends in venturing from 2018

The Novel-backed second-hand luxury goods marketplace, valued at $745m in its last round, has approached investment banks about underwriting an initial public offering this year.

Viacom could potentially pay between $300m and $500m to acquire the online streaming platform, whose investors include Sky, Samsung, Scripps, ProSiebenSat.1, UTA, Universal Music Group and Windsor Media.

Lionbridge has acquired the online translation platform, which counts Intel, SBI Group, Mistubishi, Allied Architects, Recruit and Libertad as investors, for an undisclosed sum.

The Meituan Dianping spinoff, which is also backed by Enlight Media and Tencent, has set the range for its Hong Kong initial public offering.

The chemicals manufacturer has expanded its portfolio of polymer materials for the 3D printing market by buying portfolio company Structured Polymers.

Mattel, Houghton Mifflin Harcourt, JF Shea and Sesame Workshop have exited connected toy producer in an all-share acquisition by Byju's.

Aimia-backed Fractal Analytics has added funds advised by Apax Partners to its shareholders following a $200m transaction involving a primary investment and secondary sale.

Adways, Allied Architects, Isetan Mitsukoshi, Line and Fuji TV scored exits after Pocket Menu, the owner of restaurant reservation app Pocket Concierge, was acquired by American Express.