The Novo and Roche-backed company, which has raised $108m in venture funding, is set to price 4.7 million shares at between $15 and $17.

Up to $1bn of Intel Capital assets could be sold off, and Intel has reportedly employed UBS to look for interested buyers.

Qualcomm is set to exit driverless vehicle technology company Cruise Automation, which had raised $18m in financing, in a $1bn acquisition by General Motors.

Stanford spinout Sirona Genomics produces technology to map and manage bloody type, organ and other genomic assessments more accurately in a database.

Replay Technologies has been acquired by Intel for roughly $175m, days after it closed a $13.5m series A round led by Deutsche Telekom.

Mic.com has acquired video aggregation startup Hyper for an undisclosed amount in a deal that provided an exit to entertainment producer Broadway Video.

Streaming service iFlix, previously reported to be raising a $150m round, has attracted $45m from broadcaster Sky as part of a strategic partnership agreement.

Mitsui-backed Chi-Med, listed in the UK since 2006, will put the money towards advancing its seven clinical-stage drug candidates.

Ballard Power Systems has bought portable power technology company Protonex Technology, which had raised more than $210m, for just $18m in cash and stock.

The GE Ventures-backed sewage treatment technology company has been acquired by listed holding vehicle Savcor in an all-share deal.