Ibibo, the online travel joint venture by Tencent and Naspers, exited CarDekho three years after acquiring the company.

The Israel-based company, backed by investors including Yaskawa Electric, intends to spend the proceeds on sales, marketing and product development.

Financial services firm Citi exited the mobile shopping rewards company through the deal, which will involve Shopkick becoming part of the SK Telecom group.

HubSpot, which is backed by investors including Google and Salesforce, plans to float at a price between $19 and $21 a share.

Rocket Internet followed compatriot Zalando on to the Frankfurt Stock Exchange today at the top of its range, only to see its shares subsequently fall.

Tencent and CyberAgent both recorded hefty exits as online messaging service Kakao joined forces with internet portal Daum in a reverse merger.

The online fashion retailer, backed by Anders Holch Povlsen, Holtzbrinck and Tengelmann, floated near the top of its range and could raise up to $765m before the IPO closes.

Novo, Roche, GlaxoSmithKline and Novartis, all of which participated in a $41m round for Alios in April, exited the pharmaceutical company, which was bought by Johnson & Johnson.

The pharmaceutical company, backed by Allergan and Boehringer Ingelheim, raised the cash after $109m of equity funding.

Hearst and SingTel both exited after the mobile advertising platform was acquired by Millennial Media for $107.5m.