US venture capital firm Accel, which has backed a slew of unicorns in India including Flipkart and Swiggy, has mopped up $650 million (approximately Rs 5,500 crore) for its eighth India fund, show regulatory filings with the US Securities and Exchange Commission (SEC). The final close of Accel India VIII L.P. comes at a time… Continue reading Silicon Valley VC Accel raises $650m for eighth India fund — same as predecessorAccel had raised $650m for its seventh India fund in 2022.
Author: Deal Street Asia Online News
Analysts expect further rally in Bitcoin prices following a breakout 2024Bitcoin has surged more than 120% this year, while ether has jumped 50%.
Bitcoin more than doubled in 2024 driven by the US markets regulator’s approval for exchange-traded funds tied to its spot price, and optimism over easing regulatory hurdles with Donald Trump set to return to the White House. The world’s largest and most well-known cryptocurrency hit $100,000 earlier this month, a milestone that has ignited ‘animal spirits’… Continue reading Analysts expect further rally in Bitcoin prices following a breakout 2024Bitcoin has surged more than 120% this year, while ether has jumped 50%.
India’s competition watchdog approves stake sale in Prataap Snacks by Peak XVAuthum Investment and Mahi Madhusudan Kela had acquired a 72.8% stake in …
India’s competition regulator, on Tuesday, approved the acquisition of a 72.8% stake in snack maker Prataap Snacks by Authum Investment & Infrastructure and investor Mahi Madhusudan Kela. In September, the two investors acquired a 46.85% stake in the Indore-based company from venture capital firm Peak XV Partners, and announced an open offer for an additional 26%… Continue reading India’s competition watchdog approves stake sale in Prataap Snacks by Peak XVAuthum Investment and Mahi Madhusudan Kela had acquired a 72.8% stake in …
Chinese toy maker Bloks Group files for up to $188m Hong Kong IPOBloks is China’s largest player in the assembly character toy segment.
Bloks Group is looking to raise as much as HK$1.46 billion ($188.01 million) in a Hong Kong initial public offering, as the Chinese toy maker aims to ramp up product development and output while cashing in on the reviving IPO market. Bloks will be selling a total of 24.1 million shares, priced between HK$55.65 and HK$60.35 each,… Continue reading Chinese toy maker Bloks Group files for up to $188m Hong Kong IPOBloks is China’s largest player in the assembly character toy segment.
India’s IPO market shatters records in 2024; mainland China, SE Asia falterIPOs witnessed a drop in volume and proceeds across SE Asia.
End the Year with a Deal You Can’t Miss! Subscribe now and save 40% on our premium subscription. Enjoy unlimited access for a full year at just $199 (usual price $339). Premium coverage on private equity, venture capital, and startups in Asia. Exclusive scoops from our reporters in nine key markets. In-depth interviews with industry… Continue reading India’s IPO market shatters records in 2024; mainland China, SE Asia falterIPOs witnessed a drop in volume and proceeds across SE Asia.
Yibin City Commercial Bank seeks up to $240m in Hong Kong IPOThe company will offer 688.4 million H shares as part of its global offering.
Chinese lender Yibin City Commercial Bank is aiming to raise up to HK$1.87 billion ($240.92 million) in a Hong Kong initial public offering, according to its regulatory filing on Monday. The company will offer 688.4 million H shares as part of its global offering, at an offer price of HK$2.72 per share, according to the… Continue reading Yibin City Commercial Bank seeks up to $240m in Hong Kong IPOThe company will offer 688.4 million H shares as part of its global offering.
EQT, Temasek to sell O2 Power to JSW Neo Energy for $1.5bThe Indian renewable energy platform was set up by EQT and Temasek in 2020.
Private equity (PE) giants EQT and Temasek have exited Indian renewable energy platform O2 Power by selling their 100% stake to JSW Neo Energy, a wholly owned subsidiary of JSW Energy, for $1.5 billion, according to a press release. Established as a new company in 2020 by EQT and Temasek, O2 Power specialises in utility-scale… Continue reading EQT, Temasek to sell O2 Power to JSW Neo Energy for $1.5bThe Indian renewable energy platform was set up by EQT and Temasek in 2020.
China’s CATL to seek listing on main board of HKEXThe proposal is pending approval from regulators.
Chinese battery manufacturer CATL said on Thursday it plans to seek a listing in Hong Kong, a Shenzhen Stock Exchange filing showed. CATL plans to issue offshore H-shares and apply for a listing on the main board of the Hong Kong Stock Exchange, it said in the filing. CATL‘s board has approved the plan, but the proposal is… Continue reading China’s CATL to seek listing on main board of HKEXThe proposal is pending approval from regulators.
2024 was a rebound year for Hong Kong’s IPO marketFunds raised from IPOs on HKEX in 2024 stood at $10.7b, 80% more than in 2023.
Investors in the Hong Kong IPO of Chinese cosmetics firm Mao Geping Cosmetics Co. Ltd. got an early Christmas present on Dec. 10 when the company made its debut — the shares rose as much as 92% before closing the day 77% higher. It was the best first-day performance in four years and a further… Continue reading 2024 was a rebound year for Hong Kong’s IPO marketFunds raised from IPOs on HKEX in 2024 stood at $10.7b, 80% more than in 2023.
KKR and Bain bid more than $5b each for Seven & i’s non-core assetsJapanese buyout firm JIP has also placed a bid for around 750b yen.
Private equity firms KKR and Bain Capital each offered more than $5 billion in first-round bids for the non-core assets of Japan’s Seven & i Holdings, according to people familiar with the matter. KKR offered around 800 billion yen ($5.1 billion) for York Holdings, an entity due to be spun out of the Japanese retailer, two of… Continue reading KKR and Bain bid more than $5b each for Seven & i’s non-core assetsJapanese buyout firm JIP has also placed a bid for around 750b yen.