Equity Monday: Stock market woes, vertical SaaS and WeWork gets serious –
Summary
Good morning friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week. This morning we opened with the latest from China, namely its stock market selloff that looked a bit scary from this side of the ocean. However, global markets had largely absorbed the news stemming from the coronavirus over the last few days, meaning that what happened to China’s stocks isn’t replicating itself this morning. And since we last spoke, shares of One Medical managed to have a stunning first day, shooting higher despite somewhat lackluster IPO pricing. Moving along this morning, we chatted about two different early-stage rounds: Both fit inside the vertical SaaS theme that we’ve seen raise so much capital over the past few years.
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