By Pavel Alpeyev
Sama’s departure comes against the backdrop of management upheaval at the firm.
Other high-profile companies with plans to go public include Uber, Slack, Postmates Inc., Palantir Technologies Inc. and Airbnb Inc.
The Middle Eastern kingdom ultimately wants to boost its U.S. investments to $45 billion to better balance its holdings.
SoftBank will invest $333 million from its Vision Fund while Toyota and Denso will put in $667 million.
Deal value in Asia Pacific in 2018 stood at $15.8 billion, up 77 per cent from $7.2 billion in 2017, per Bain & Co.’s eighth Global Healthcare Private Equity and Corporate M&A Report.
Blackstone is hoping the move will boost its share price, which has for more than a decade traded at a discount to traditional asset managers such as BlackRock Inc
The fund plans to make investments primarily in the digital sector and tap opportunities in new technologies such as AI, IoT and blockchain.
The deal will value the company at about A$689 million, Life360 said.
Zoom is one of the few tech unicorns set to go public this year that has made a profit.
The IPO values Pinterest at about $12.7 billion. Pinterest’s last valuation, from a private funding round in 2017, was $12.3 billion.