Snap, formerly known as Snapchat and backed by Alibaba, Tencent and Yahoo, is preparing an offering that could value it at $25bn and take place as early as March.

The cloud enterprise platform, backed by Sapphire Ventures, is set to make its debut on Nasdaq today after securing nearly $238m in an initial public offering yesterday.

Itochu and Intel-backed cybersecurity company ForeScout has entered talks with investment banks to underwrite an IPO that could value it at up to $1bn.

China-based data analysis software producer Gridsum Holding has floated in the US, giving exits to Nokia Growth Partners and Disney affiliate Steamboat Ventures.

The business management software producer floated above its range in an offering that allowed Cisco to exit, and which could reach $110m in size.

The Malin-backed dermatology treatment developer floated at the bottom of its range, but is currently 65% up after its first day of trading.

The company database and news app operator, backed by GMO, Yahoo Japan, Itochu and Kodansha, will float in its home country of Japan next month.

Existing backer Bayer will invest $35m through a private placement alongside an initial public offering in which the gene editing company is initially looking to raise $90m.

The Cisco-backed IT business management software producer has raised more than $135m in VC funding

The nitric-oxide skin therapeutics developer will use the proceeds to fund late-stage clinical trials for acne, skin infection and fungal infection treatments.