taylor: pelletier, another one looking at a direct listing. what do we know? ipo's we are watching, pelletier and airbnb are the most talked about, everyone is falling on themselves to get on those deals. we expected them to be potential models for those companies, now we have news pelletier is looking forward to doing this. they pull it off, it would be the third major firm to do this, and it would solidify the model. romaine: we have breaking news crossing the wire on softbank, injecting $1.1 billion into wework area this is according to a staff memo obtained by bloomberg news. injection.n speaking of ipo's, it was supposed to be the mother of all unicorn ipo's, and that got derailed. >> check out the timing. qe baker, who went public today, softbank was a big part of that listing as well. right after that to have we work need this additional liquidity injection, member they have a tumultuous year -- remember they have had in tumultuous year. romaine: is a doughnut and an eclair the same thing? >> i don't think so. caroline: it it is a pastry. taylor: romain

debuts for pelletier, unity technology, asada could happen before fall., we saw a flurry of filings today including snowflake. walk us through companies now publicly filed? >> today has been crazy. asada -- nity, doing a direct listing. all of them did filings revealed today. it has been an exciting day for people who follow venture backed technology ipo's. palantir as we -- we have reported is coming up and airbnb and doordash are slated for fall. emily: doordash filed earlier this year but according to our reporting we confirm they do intend to go public in the fourth quarter. what we known about the financials given the amount of impact covid's had on their business as we believe to the upside? >> sure, doordash announced february day planned to go public right before the coronavirus situation changed the united states significantly and doordash has been considered an essential business and a lot of regions and so it has been helpful for people not able to eat out at restaurants anymore, getting food delivery at home and they are expanding into grocery

now, while preparing for a spate of tech ipos later this year, airbnb, pelletier, -- palantir, asana.'m curious what he think about companies waiting to get out of the gate? two long? -- too long? do you think we will see the pendulum swing back were companies go public earlier? >> we have in public three and a half years and i remember when we were making the decision to go public. i was the word or rumor or concert people had was that once you are public -- or concern people had is once you are public investments are constrained or it is hard to innovate. and i have found that to be not true at all. our experience as a public company, we are in strong alignment with our shareholders. we have been clear with them and consistent we are going to invest for the long term. that we have a stable, predict will, reliable business. i think it has been and a it should be public. you mentioned m&a, and we have been able to raise a significant amount of capital to give us a sick nick at war chest for m&a. -- a significant warchest. ceos for companies that i stable, predict will, rival businesse

pelletier, one of the most secretive in silicon valley, is going public amid a surge in tech ipo's.have the details. this is bloomberg. ♪ hike! simon pagenaud takes the lead at the indy 500! coming to the green flag, racing at daytona. they're off... in the kentucky derby. rory mcllroy is a two time champion at east lake. he scores! stanley cup champions! touchdown! only mahomes. the big events are back and xfinity is your home for the return of live sports. karina: this is "daybreak asia." i am karina mitchell. melania trump will headline the second night of the republican national convention, speaking from the newly renovated white house rose garden after mike pompeo delivers his pitch for the president's reelection from israel. the rnc theme this year is land of opportunity and the first lady will talk about her life as a mother and make her own case for her husband winning another four years. and while, the governor of wisconsin declared a state of emergency after violent protests, following the shooting of a black man by police. tony evers entered after a second night of protes