Author: Deal Street Asia Online News

SG power grid startup Amperesand raises $80m in Series AThe round was co-anchored by Temasek and Walden Catalyst Ventures.

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Kredivo eyes fresh capital raise to provide liquidity to early backersThe transaction may include primary and secondary components.

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India’s Fractal Analytics receives SEBI approval for country’s first AI-focused IPOThe company plans to deploy the proceeds to fuel its growth ambitio…

The Securities and Exchange Board of India has approved Fractal Analytics‘ draft initial public offering papers, paving the way for the country’s first IPO by an AI–focused company, according to a notification on the market regulator’s website on Monday. Fractal Analytics‘ 49 billion rupees (about $563 million) IPO comprises a fresh issue of up to 12.79 billion rupees and a sale of shares worth 36.21 billion… Continue reading India’s Fractal Analytics receives SEBI approval for country’s first AI-focused IPOThe company plans to deploy the proceeds to fuel its growth ambitio…

Temasek-backed energy firm Sembcorp plans IPO of India unitThe move marks Sembcorp’s second attempt to list its India business.

Singapore’s Temasek-backed Sembcorp Industries has started talks over an initial public offering of its India unit in Mumbai and appointed three investment banks, including Citi and HSBC, three sources familiar with the matter said. Talks are at an early stage and no decision has been made on the size of the offering. The move marks Sembcorp’s second attempt to list its India business after withdrawing… Continue reading Temasek-backed energy firm Sembcorp plans IPO of India unitThe move marks Sembcorp’s second attempt to list its India business.

IPO Digest: JD.com unit gears up for HK listing; Canva eyes IPO in few yearsJingdong Industrials is looking to raise $500m in Hong Kong.

JD.com’s supply-chain technology arm has reportedly started gauging investor interest for its planned IPO in Hong Kong, while Australian graphic design platform Canva is said to be stepping up preparations for a potential offering in the next couple of years. JD.com unit testing waters for $500m HK IPO Jingdong Industrials Inc, the supply-chain technology arm of… Continue reading IPO Digest: JD.com unit gears up for HK listing; Canva eyes IPO in few yearsJingdong Industrials is looking to raise $500m in Hong Kong.

Japan, S Korea to see record US IPOs next year: NasdaqThe growth in foreign listings from the two countries is partly due to tighter listing rules on …

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Chinese brokerage shares surge on CICC plan to acquire two rivalsCICC said it will take over Dongxing Securities and Cinda Securities via share-swaps.

Shares in Chinese brokerages gained on Thursday after China International Capital Corp (CICC) said it would acquire two rivals, stoking expectations of further consolidation in the country’s $1.6 trillion securities industry. State-owned CICC said it will take over Dongxing Securities and Cinda Securities via share-swaps, saying the move would accelerate its growth and support China’s… Continue reading Chinese brokerage shares surge on CICC plan to acquire two rivalsCICC said it will take over Dongxing Securities and Cinda Securities via share-swaps.

MBK Partners closes sixth buyout fund at $5.5b: ReportNearly 80% of existing LPs reportedly reupped in Fund VI.

North Asian buyout firm MBK Partners has raised $5.5 billion for its sixth fund, lower than the earlier reported target of $7 billion, according to media reports. The fund close was reportedly announced during the private equity firm’s annual general meeting last week. With this size, MBK Partners Fund VI is the largest fund raised… Continue reading MBK Partners closes sixth buyout fund at $5.5b: ReportNearly 80% of existing LPs reportedly reupped in Fund VI.

Chinese state-owned automaker FAW injects over $500m into smart driving firm ZYTThe deal valued ZYT at more than $1.4 billion post-money.

Shenzhen Zhuoyu Technology, an advanced assisted driving solutions (ADAS) developer spun out of Chinese drone giant DJI, has raised strategic financing of over 3.6 billion yuan ($506.5 million) from China’s state-owned automaker FAW Group. The new investment valued Zhuoyu Technology (ZYT) at more than 10 billion yuan ($1.4 billion) post-money, according to statements by the… Continue reading Chinese state-owned automaker FAW injects over $500m into smart driving firm ZYTThe deal valued ZYT at more than $1.4 billion post-money.