Airbnb and Slack are considering following in the footsteps of Spotify by exploring a direct listing rather than going the traditional route through Wall Street.

AstraZeneca, Merck & Co and Alexion all scored exits as mRNA therapy developer Moderna floated in the largest biotech IPO of all time.

Tencent, Ping An and Bertelsmann-backed e-commerce platform Mogu has floated on the New York Stock Exchange in a $66.5m initial public offering.

Uber has confidentially filed for an initial public offering while Slack has hired Goldman Sachs to lead its own IPO at a purported $10bn valuation.

Lyft, which has raised some $4.4bn from investors including Alibaba, GM, Tencent, Alphabet, Magna, Rakuten, Jaguar Land Rover and Didi Chuxing, has confidentially filed to go public.

AstraZeneca, Merck and Alexion-backed Moderna Therapeutics has set its pricing range at $22 to $24 and would raise more than $521m if it floats at the top end.

The Bertelsmann automotive e-commerce platform has priced its shares at the lower end of its range to raise $20m instead of its targeted $150m.

The Rocket Internet-founded e-commerce group, whose investors include Tengelmann and Access Industries, could be valued at up to $2.8bn in the offering.

Alibaba-backed Babytree priced its shares at the foot of its range and will raise $217m at a valuation of $1.5bn, down from $2.2bn earlier this year.

The travel booking platform, backed by Ctrip, Dalian Wanda and Tencent, has priced shares at the bottom of its range and raised $180m in its initial public offering.