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November 22, 2020
It was a robust week for tech financing in Canada, as well as another high profile M&A exit. While, in the USA, there’s news of a few more high profile tech IPOs. Usually capital markets activity slows down markedly between the American Thanksgiving holiday and the New Year, but with a lack of Holiday parties this year, it remains to be seen if this holds true.
UGE Sells Solar Facility Well Above Current Implied Valuation
UGE International announced the sale of one of its completed solar projects (AND 3 new ones AND the completion of another).
Last week, Sophic Capital wrote that solar projects under construction have sold for multiples much higher than what the market values UGE International.
UGE’s project sale multiple shows that the market still undervalues the Company.
November 15, 2020
This week, we learnt some more details on ANT Financial’s IPO delays, as well as planned IPOs for Airbnb, DoorDash and Instacart (all likely benefiting from the COVID trade). In Canada, it was relatively quiet week on the funding front, but we expected continued activity in healthcare tech, and perhaps crypto related companies (we’ve already seen a couple), as Bitcoin quietly marches upwards.
Kontrol-ing COVID-19 As Solutions Progress
Many businesses devastated by the pandemic can’t wait for a vaccine to be approved, manufactured, and distributed.
Until any effective vaccine can prevent COVID-19, virus detection and contact tracing is the best intermediary method to protect people and stem the spread and help businesses to survive.
Unfortunately, many experts believe COVID-19 won’t be the last global pandemic.
Kontrol Energy’s BioCloud can detect airborne COVID-19 in real-time and has the potential to detect future viruses.
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