Startups

Overview of three of the largest initial public offerings (IPOs) from 2020 in which the China-based internet company either scored an exit or increased its stake.

This is the first in a series of quarterly publications for the Global Health Council looking at drug development, healthcare providers such as hospitals and digital health, payments and patient wellness. This first article looks at the implications of the disease treatments coming out of advanced research and artificial intelligence and the broader shift to digitalisation in healthcare. The next issue will focus on the providers of healthcare.

Monthly analysis: February

Where do you begin to summarise a year that has been the most challenging on a global scale in living memory?

Feature: artificial intelligence driving disease prevention, digital health enables personalised medicine, investment takes off

Sector analysis: Industrial

The e-commerce space was given enormous boost by the covid-19 pandemic and stay-at-home orders around the globe.

Innovative region: South Korea

Ping An and Alphabet-backed health insurer Oscar priced an upsized offering above its range to raise $1.44bn. The offering is part of the broader health space, which has seen many exits in the past years.

AI chip developer Horizon Robotics raised a round backed by several automotive manufacturers, taking its overall funding to $900m in the past two months.

Spacecraft manufacturer SpaceX reached a $74bn valuation, a more than sixfold increase on the $12bn it fetched when Google led a $1bn round in 2015.