Elliott Management has rebuilt a stake worth more than $2 billion in SoftBank Group and is pushing the Japanese technology investor to launch a $15 billion share buyback, the Financial Times (FT) reported on Wednesday. The activist investor has engaged directly with SoftBank’s senior management over the past two to three months, the report said,… Continue reading Elliott said to rebuild stake in SoftBank, push for $15b buybackElliott Management has rebuilt a stake worth more than $2 billion in SoftBank Group, p…
Author: Deal Street Asia Online News
Space debris removal startup Astroscale jumps 51% in Tokyo debut
Shares of Japanese space junk removal startup Astroscale Holdings rose 51% in their debut on Tokyo’s growth market on Wednesday. The stock first traded at 1,281 yen per share, compared with an initial public offering (IPO) price of 850 yen, valuing the company at 145 billion yen ($934 million). The listing is “just a milestone, though a… Continue reading Space debris removal startup Astroscale jumps 51% in Tokyo debut
Elev8 leads $14m funding in AstroTalk and India deals worth $256m
AstroTalk, an Indian marketplace that connects consumers to astrologers for horoscope readings, birth chart analysis and live prayers, has raised about $14 million (Rs 110 crore) in a funding round led by Elev8 Venture Partners, per an announcement. The company raised $20 million in its Series A funding round in February led by Left Lane… Continue reading Elev8 leads $14m funding in AstroTalk and India deals worth $256m
Thai online lender ABACUS digital spots big opportunities in small loan market
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AI drug researcher QuantumPharm eyes $145m HK IPO to fuel global expansion
QuantumPharm, a Chinese artificial intelligence (AI) drug researcher backed by Tencent Holdings and HongShan, is eyeing an initial public offering (IPO) in Hong Kong to raise up to HK$1.13 billion ($144.7 million) to fuel its global expansion. Shenzhen-headquartered QuantumPharm, also known as XtalPi, is poised to complete the first IPO under the city’s new listing… Continue reading AI drug researcher QuantumPharm eyes $145m HK IPO to fuel global expansion
Indian aluminium product maker Novelis postpones US IPOThe world’s largest recycler of aluminium was targeting a valuation of up to $12.6 billion in i…
Aluminum products maker Novelis, owned by Indian billionaire Kumar Mangalam Birla’s Hindalco Industries, on Tuesday postponed its initial public offering citing market conditions. “Novelis will continue to evaluate the timing of the offering in the future,” it said in a statement, without giving further details. The world’s largest recycler of aluminum, whose customers include Coca-Cola, Ford and Jaguar LandRover, said last month… Continue reading Indian aluminium product maker Novelis postpones US IPOThe world’s largest recycler of aluminium was targeting a valuation of up to $12.6 billion in i…
Australia moves to rein in BNPL with customer credit check law
The Australian government on Wednesday introduced legislation that would require buy–now–pay–later (BNPL) firms to run credit checks on borrowers, aiming to regulate the rapidly growing sector popular among youth like other consumer credit products. BNPL companies typically offer on-the-spot interest-free short-term loans with minimal credit checks that spread payments over weeks or months and are largely used by cash-strapped people taking on debt, sometimes more… Continue reading Australia moves to rein in BNPL with customer credit check law
Southeast Asian PE firm Navis backs two hospitals in Cambodia
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SG data platform Atlan’s losses widen in 2023 despite revenue jump
Singapore-based data and AI governance platform Atlan saw losses swell 7.5x even as revenue increased nearly two-fold during the financial year ended March 31, 2023, according to filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA). Go to Source
India Deal Review: At $1.9b, startup fundraising in May hits nearly two-year high
After encountering periods of uncertainty and slowdown, startup fundraising in India hit its highest in nearly two years at $1.9 billion in May as a result of a spurt in megadeals, according to proprietary data compiled by DealStreetAsia. The big-ticket deals had dried up over the last seven quarters owing to a prolonged funding winter.… Continue reading India Deal Review: At $1.9b, startup fundraising in May hits nearly two-year high