Jawbone, the company behind popular devices like the Up activity tracker and Jambox speakers, may be valued at nearly as much as Spotify, Pinterest or Uber.
Kara Swisher at Re/code reports that Jawbone is raising a $250 million funding round at a $3.3 billion valuation. TechCrunch reports hearing from sources that the funding round actually closed more than a month ago.
Jawbone did not immediately respond to our request for comment.
Jawbone most recently raised around $100 million in debt financing. The latest funding round is reportedly led by Rizvi Traverse, a private equity firm that was a major investor in Twitter and more recently Flipboard.
The device maker is one of a couple dozen companies with a valuation of $1 billion or more that are said to be likely candidates for an IPO.
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