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Hello friends! Happy weekend. Up top, there’s an extra Equity episode dropping today digging into the larger China-Microsoft dustup over LinkedIn. So if you need more on that, it’s coming. Let’s go!
The key money story in Startup Land this week was the simply massive GitLab IPO.
In case you are behind, GitLab filed to go public, and we noted that at current market prices, the DevOps giant could be worth some $10 billion. That wound up being conservative. GitLab wound up raising its IPO price range far above its initial estimate and then pricing at $77. Late Friday afternoon, as I write to you, it’s worth more than $108 per share.
I got on the horn with GitL …
