Hong Kong-listed special purpose acquisition firm TechStar Acquisition Corp said on Friday it is set to merge with Seyond Merger Sub, a special purpose acquisition unit of Seyond Holdings, in a SPAC transaction. TechStar said in a statement that the merged entity would become a unit of Seyond Holdings, with the negotiated value of the latter being around… Continue reading HK firm TechStar Acquisition enters SPAC merger deal with Seyond unitTechStar’s listing on the HKEX would be withdrawn following the completion of the…
Author: Deal Street Asia Online News
India, Australia brighten new share sales prospects for 2025 in Asia PacificThe NSE in India outranked the bigger US exchanges in the amounts raised b…
Dealmakers expect the momentum for new share sales in India, now the world’s busiest market for initial public offerings, and Australia in 2025 will cushion the impact of sluggish Chinese deals in the Asia Pacific. The Mumbai-based National Stock Exchange outranked the bigger U.S. exchanges in the amounts raised by IPOs for the first time, driven by India‘s robust economic growth and increasingly active domestic investors, following… Continue reading India, Australia brighten new share sales prospects for 2025 in Asia PacificThe NSE in India outranked the bigger US exchanges in the amounts raised b…
Private equity firms pledge to be China-free as US tightens rules33 firms sign on to bipartisan-backed initiative ahead of key Congress vote.
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Malaysian retailer Eco-Shop said to be weighing $250m IPO in 2025Creador is slated to sell a nearly 8% stake in the firm.
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Top secondaries deals in Asia that marked PE landscape in 2024Dealmaking in direct secondaries remained active this year.
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Creador secures $40m from FinDev Canada for sixth fundThe fund was launched with a target to raise $750 million to $800 million.
Kuala Lumpur-headquartered private equity firm Creador‘s sixth fund has secured a $40-million equity commitment from Canadian development finance institution FinDev Canada, according to an announcement. The commitment is for Creador VI LP, a private equity fund focused on the Indo-Pacific region. The fund was launched with a target to raise $750 million to $800 million.… Continue reading Creador secures $40m from FinDev Canada for sixth fundThe fund was launched with a target to raise $750 million to $800 million.
Quantum AI startup SandboxAQ raises $300m at $5.6b valuationSandboxAQ was spun off from Alphabet as an independent startup in 2022.
SandboxAQ said on Wednesday it has raised more than $300 million in funding, valuing the startup spun off from Alphabet at $5.6 billion, as it aims to fast-track the development of advanced artificial intelligence systems for computation. The new funding, from investors including New York-based investment firm Fred Alger Management, T. Rowe Price, and Breyer Capital,… Continue reading Quantum AI startup SandboxAQ raises $300m at $5.6b valuationSandboxAQ was spun off from Alphabet as an independent startup in 2022.
After Delhivery, Multiples backs another Indian logistics startup INSTANT-XPMultiples picks a significant minority stake for $35m.
Multiples Alternate Asset Management on Thursday said it has acquired a significant minority stake for $35 million in INSTANT-XP, a tech-enabled B2B express logistics company in India. Founded by brothers Rajbir Singh and Jasveer Singh, INSTANT-XP operates in the express logistics sector, in both, the Full Container Load (FCL) and Less than Container Load (LCL)… Continue reading After Delhivery, Multiples backs another Indian logistics startup INSTANT-XPMultiples picks a significant minority stake for $35m.
Shares of Indonesian unit of MR.DIY wobble on first trading day, close higherThe home retailer had raised $254m in its IPO in Nov.
Shares of Indonesian retailer PT Daya Intiguna Yasa Tbk (DIY), a unit of Malaysia’s MR.DIY, listed on the Indonesia Stock Exchange (IDX) on Thursday after raising 4.16 trillion rupiah ($254 million) in its IPO. The shares opened at 1,550 rupiah apiece, down 6% from its IPO price of 1,650 rupiah a share. The share price… Continue reading Shares of Indonesian unit of MR.DIY wobble on first trading day, close higherThe home retailer had raised $254m in its IPO in Nov.
CATL mulls HK listing to raise at least $5 billion: reportA listing may happen in H1 2025, Bloomberg reported.
Chinese electric vehicle battery maker CATL is considering a Hong Kong listing that could raise at least $5 billion, Bloomberg News reported on Thursday. CATL is talking with potential advisers, and a listing might happen as soon as the first half of 2025, the report said, citing people familiar with the matter. Discussions are ongoing and plans could… Continue reading CATL mulls HK listing to raise at least $5 billion: reportA listing may happen in H1 2025, Bloomberg reported.