SoftBank Group-backed Tempus AI set the pricing of its U.S. initial public offering at $37 per share on Thursday, aiming to raise $410.7 million. The genetics-testing company priced its IPO at the higher end of its targeted range of $35 to $37, valuing the firm at about $6.10 billion, based on the outstanding shares listed in its filing with… Continue reading SoftBank-backed Tempus AI prices US IPO at over $6b valuationThe listing of the company, which is yet to be profitable, will test investor appetite.
Author: Deal Street Asia Online News
Citi appoints new Asia head of sales for markets
Citigroup said on Friday it has appointed a new head of sales for markets across Japan and Asia after consolidating its corporate and institutional sales teams across all products. Cecile Gambardella will be the head of sales for markets for Japan, Asia North and Australia and Asia South, and report to Paul Smith, the head of markets for Japan, north Asia and Australia, and Sue Lee, the head of markets for south Asia, Citi said. Gambardella joined Citi in 2022 and was most recently the head of markets for France and Benelux, the bank said.… Continue reading Citi appoints new Asia head of sales for markets
Ant Group splurges nearly $3b on R&D spending in 2023 for AI, Alipay
Go to Source
How EU’s new tariff hikes impact Chinese EVs made by BYD, SAIC and others
Go to Source
PAG to close fourth pan-Asian buyout fund at $4b—less than half of original target: report
Hong Kong-based private equity firm PAG will conclude the fundraising for its latest buyout fund at $4 billion later this month, falling short of its original target of $9 billion as investors are hesitant to invest new capital in the region, Bloomberg reported on Thursday. Last year, PAG had reduced the target size of the… Continue reading PAG to close fourth pan-Asian buyout fund at $4b—less than half of original target: report
Paris-based YesWeHack raises $28m led by PE firm WendelNew investors such as VC firms Adelie and Seventure Partners also participated.
Paris-based YesWeHack, a global Bug Bounty and vulnerability management platform, has raised $28 million in Series C funding, according to a company announcement on Thursday. The funding was led by private equity firm Wendel, with participation from new investors such as venture capital firms Adelie and Seventure Partners, as well as reinvestment from Bpifrance, Open… Continue reading Paris-based YesWeHack raises $28m led by PE firm WendelNew investors such as VC firms Adelie and Seventure Partners also participated.
India Digest: Peak XV, Matrix, Cactus Partners and Evolvence make investments
RENÉE Cosmetics, advanced manufacturing startup Ethereal Machines, home décor brand Trampoline and EV component supplier Indigrid Technology have raised fresh capital. RENÉE Cosmetics raises $12m RENÉE Cosmetics, a new-age beauty brand, has raised $12 million in its Series B round led by existing investors Evolvence India and Edelweiss Group. The latest round values the firm… Continue reading India Digest: Peak XV, Matrix, Cactus Partners and Evolvence make investments
Asia Digest: Japan’s matsuri raises $8.65m Series D; GOPIZZA bags $10m from Thai CP Group unit
Japan’s matsuri technologies and S Korean pizza chain GOPIZZA have secured fresh funding. matsuri raises $8.65m Series D round Japan’s matsuri Technologies Inc, the software-driven provider of StayX, a solution that converts single-use rooms into multiple-use spaces, has raised $8.65 million in a Series D round, according to an announcement. Vertex Ventures Southeast Asia and… Continue reading Asia Digest: Japan’s matsuri raises $8.65m Series D; GOPIZZA bags $10m from Thai CP Group unit
GoTo says e-commerce business to make ‘prudent decisions’ on job cutsGoTo provided the update in an IDX disclosure after media reports emerged that By…
Indonesia-listed technology group PT GoTo Gojek Tokopedia Tbk on Thursday said its e-commerce arm will make “prudent decisions” regarding potential layoffs. The company provided the update in a disclosure to the Indonesia Stock Exchange (IDX) after media reports emerged that ByteDance, which owns a majority stake in GoTo’s e-commerce arm, Tokopedia, was planning to cull… Continue reading GoTo says e-commerce business to make ‘prudent decisions’ on job cutsGoTo provided the update in an IDX disclosure after media reports emerged that By…
HKIC kicks off direct startup investments after partnership with AI unicorn SmartMore
Hong Kong Investment Corporation (HKIC), the government-owned investment firm that manages HK$62 billion ($7.94 billion), has formed a strategic partnership with the city’s homegrown artificial intelligence (AI) unicorn SmartMore. This partnership comes as HKIC, widely perceived as the city’s version of Singapore’s Temasek Holdings, is set to make its first batch of widely-anticipated startup investments… Continue reading HKIC kicks off direct startup investments after partnership with AI unicorn SmartMore