Unicorns Stir Into October’s End

The weather is getting colder, but there could be some warming up in news surrounding unicorns, with some positive Wall Street coverage and even a bit of deal making.

For Adyen, one website’s outage is another provider’s gain. This past week, Etsy said it would sign with Adyen as a payments processor in an effort to skirt a redo of the outage that bedeviled Etsy and led to 15,000 complaints. Etsy continues to work with Worldpay as a payments processor as well.

In the latest acquisition in the business travel space, Deem, based in California, has said it will buy Olset for the latter’s focus on hotel reservation bookings. Olset uses technology to track and then recommend hotels based on travelers’ preferences.

Nutanix, among the biggest tech unicorns to IPO, got several positive initiation notes from The Street in the wake of its IPO, and IBD noted that the firm saw a “buy” rating from no less of a sell-side heavy hitter than Credit Suisse, which initiated with a buy at $38. Analysts touted the emergence of a multi-pronged strategy looking toward the cloud. RBC Capital Markets gave an outperform rating with a $36 target.

Airbnb said last month that it has formed a separate Chinese unit, which will store data locally — a nod to the business growth there, with 3.5 million listings in the country.