SoftBank, Hearst and NBCUniversal-backed digital media company will get a Nasdaq listing through the deal, valuing it just below its last funding round five years ago.

Blue Venture Fund is set to exit the medical diagnostics software provider in a flotation with a $75m placeholder target.

A number of corporate backers scored an exit from trucking services marketplace Full Truck Alliance (Manbang Group), as the latter went public in the US. This transaction exemplifies an upward trend in exits for corporate-backed businesses from the transport and mobility space.

Waste management software provider Recycle Track Systems bagged $35m in a Citi-led series C round while muscular dystrophy drug developer Vita Therapeutics completed a $32m series A.

The EV manufacturer, backed by Alibaba, Duowan, Foxconn, UCar and Xiaomi, has filed to float in Hong Kong, and will potentially raise almost $2bn.

The AstraZeneca, Sinopharm and Eli Lilly-backed oncology drug developer has revealed its intention to go public in a Hong Kong IPO that could reportedly fetch $250m.

Gene therapy developer Corlieve, which utilises University of Bordeaux, Aix Marseille University, CNRS and Inserm research, is set to be acquired by peer QniQure for about $55m.

Allied Minds had invested over $50m in New York University RAM technology spinout Spin Memory, which has decided to liquidate its assets to pay creditors.

GV notched up an exit as cancer therapy developer Monte Rosa Therapeutics priced an upsized initial public offering at the top of its range.

Applied Materials and Arm were among the investors in RAM technology developer Spin Memory, which has elected to liquidate its assets to pay creditors.