Author: Deal Street Asia Online News

Google’s Waymo closes $5.6b funding to expand autonomous cab serviceThe round also saw participation from existing investors including Andreessen Horo…

Alphabet’s self-driving unit, Waymo, said on Friday it had closed a $5.6 billion funding round led by the Google parent, as it looks to expand its autonomous ride–hailing service. Automakers and technology companies are investing in autonomous ride–hailing services to capitalize on the technology to drive commercial success, even as it faces widespread skepticism and tight regulatory scrutiny. The investment round also saw participation from existing investors including… Continue reading Google’s Waymo closes $5.6b funding to expand autonomous cab serviceThe round also saw participation from existing investors including Andreessen Horo…

Hong Kong IPO market shows green shoots of recovery after 3 yearsHorizon Robotics $700m listing lifts investor hopes for sustained rally.

This week, Hong Kong saw its two largest initial public offerings so far this year, raising hopes for a revival of the Chinese IPO market, which has been struggling for the past three years. Start your deal-making journey now! Subscribe now to enjoy unlimited access at just $59. Premium coverage on private equity, venture capital,… Continue reading Hong Kong IPO market shows green shoots of recovery after 3 yearsHorizon Robotics $700m listing lifts investor hopes for sustained rally.

Blackstone in talks to buy US pipeline stakes from EQT in $3.5b dealBlackstone is planning to make the investment through its credit and insurance arm…

Private equity firm Blackstone is in advanced talks to acquire minority stakes in the interstate natural gas pipelines owned by EQT Corp for about $3.5 billion, people familiar with the matter said on Friday. If the talks are successful, the deal would help the natural gas producer slash the debt pile it accumulated from its acquisition of pipeline operator Equitrans Midstream earlier this year. Blackstone is planning to make the investment through its… Continue reading Blackstone in talks to buy US pipeline stakes from EQT in $3.5b dealBlackstone is planning to make the investment through its credit and insurance arm…

China’s WeRide raises $440.5m from US IPO, placementWeRide’s IPO follows the debut of EV maker Zeekr on NYSE earlier this year.

Self-driving startup WeRide raised a combined $440.5 million in its US initial public offering and a private placement on Friday, the latest Chinese firm to capitalise on improving investor sentiment and easing regulatory roadblocks. The number of Chinese companies that have pursued stock market flotations in the United States had dropped in the past few years, after… Continue reading China’s WeRide raises $440.5m from US IPO, placementWeRide’s IPO follows the debut of EV maker Zeekr on NYSE earlier this year.

Toyota-backed eVTOL startup Joby Aviation seeks $200m from common stock offeringJoby is backed by Uber, Delta Air Lines, and South Korea’s SK Telecom.

Joby Aviation, a California-based startup developing electrical vertical take-off and landing (eVTOL) aircraft, has announced a public offering of common stock up to $200 million, according to a regulatory filing. In this offering, Joby also intended to provide underwriters with a 30-day option to purchase an additional $30 million in shares. The company said the… Continue reading Toyota-backed eVTOL startup Joby Aviation seeks $200m from common stock offeringJoby is backed by Uber, Delta Air Lines, and South Korea’s SK Telecom.

Japan energy startup Sustech’s valuation jumps over $800m in latest funding roundThis marks a 3.5-fold jump from last year.

Japan‘s Sustech is set to raise $50 million from investors, valuing the energy tech startup at more than $800 million, people with knowledge of the matter said, as the Tokyo-based firm looks to tap fast-growing demand for cleaner energy worldwide. The valuation of 124 billion yen ($816 million) for Sustech in its fourth round of fund-raising marks a 3.5-fold jump from the… Continue reading Japan energy startup Sustech’s valuation jumps over $800m in latest funding roundThis marks a 3.5-fold jump from last year.

Rigaku shares slump in market debut after $863m Japan IPORigaku’s listing was Carlyle’s ninth IPO exit for its Japan-focused business.

Rigaku‘s shares slumped 11% in their market debut on Friday, after buyout firm Carlyle Group steered the Japanese X-ray testing tool maker to an $863 million initial public offering. Shares traded at 1,125 yen ($7.41) in the morning after initially being untraded with a glut of sell orders. The company had priced the IPO at… Continue reading Rigaku shares slump in market debut after $863m Japan IPORigaku’s listing was Carlyle’s ninth IPO exit for its Japan-focused business.

Deals Digest: Peak XV, Bain back Variational; Pakistan’s COLABS bags fundingVariational’s funding round was also backed by Coinbase Ventures and other…

US startup Variational raises $10.3 million for its peer-to-peer trading protocol for crypto derivatives, while Pakistani startup COLABS has secured $2 million in pre-Series A funding. US-based crypto firm Variational bags $10.3m funding Peak XV Partners and Bain Capital Crypto have co-anchored a $10.3-million seed funding round for Variational, a peer-to-peer trading protocol for crypto… Continue reading Deals Digest: Peak XV, Bain back Variational; Pakistan’s COLABS bags fundingVariational’s funding round was also backed by Coinbase Ventures and other…