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.
Author: Deal Street Asia Online News
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…
Aptiv buys 18% stake in Chinese self-driving tech provider MAXIEYE for $80mMAXIEYE is also backed by Fosun Capital, Texas Instruments, and Ambarella.
NYSE-listed auto parts supplier Aptiv has picked up an 18% stake in Chinese self-driving technology provider MAXIEYE Automotive Technology for 570 million yuan ($80.1 million), according to a company release on Thursday. Aptiv will tie up with MAXIEYE to develop a computing platform that integrates advanced algorithms and Wind River software, as the firm seeks… Continue reading Aptiv buys 18% stake in Chinese self-driving tech provider MAXIEYE for $80mMAXIEYE is also backed by Fosun Capital, Texas Instruments, and Ambarella.
Chinese developer Jiayuan to be delisted after failure to meet HKEX guidelinesShares of Jiayuan have been suspended since April 3.
Chinese property developer Jiayuan International said the Hong Kong stock exchange has decided its shares will be delisted on Oct. 29 after the company did not meet guidelines for the shares to resume trading by an 18-month deadline. Jiayuan was one of the first Chinese property developers ordered by the Hong Kong court to liquidate since the sector… Continue reading Chinese developer Jiayuan to be delisted after failure to meet HKEX guidelinesShares of Jiayuan have been suspended since April 3.
India approves $119m fund to propel space startupsThe fund, first proposed in July, will be managed by the country’s space regulator.
The Indian government on Thursday approved a 10 billion rupee ($119 million) fund for its burgeoning space sector, with 40 startups expected to benefit as the country strives to win a significant share of the commercial space market by 2033. With funding ranging from 100 million to 600 million rupees depending on how mature each… Continue reading India approves $119m fund to propel space startupsThe fund, first proposed in July, will be managed by the country’s space regulator.
China’s Li Ning sets up JV with HongShan to take sportswear brand overseasThe JV is set to help the sports brand expand into international markets.
Hong Kong-listed Chinese sportswear juggernaut Li Ning Company has tied up with venture capital firm HongShan, previously known as Sequoia Capital China, to form a joint venture (JV) tapping into the development and operation of Li Ning’s brand business overseas. Li Ning, the executive director and joint chief executive officer, and his eponymous listed firm… Continue reading China’s Li Ning sets up JV with HongShan to take sportswear brand overseasThe JV is set to help the sports brand expand into international markets.
GIC, Montana, AlpInvest back Ping An’s $850m private equity fund The fund includes a mandate to co-invest in opportunities with its existing global GP…
China’s Ping An Insurance Overseas, the insurer’s wholly-owned offshore investment and asset management platform, has closed its third private equity (PE) fund at $850 million, according to a company announcement. The fund commitments were led by London-based AlpInvest Partners and Switzerland’s Montana Capital Partners. Singapore sovereign wealth fund GIC and Ping An also signed on… Continue reading GIC, Montana, AlpInvest back Ping An’s $850m private equity fund The fund includes a mandate to co-invest in opportunities with its existing global GP…
Platinum Equity’s Ingram Micro to raise about $409m in US IPOIngram Micro and its PE owner, Platinum Equity, sold 18.6m shares.
Ingram Micro priced its US initial public offering at $22 per share, within its targeted range of $20 and $23 on Wednesday, to raise $409.2 million, the technology distributor said. Ingram Micro and its private equity owner, Platinum Equity, sold 18.6 million shares at $22 each. The IPO valued the Irvine, California-based company at around… Continue reading Platinum Equity’s Ingram Micro to raise about $409m in US IPOIngram Micro and its PE owner, Platinum Equity, sold 18.6m shares.