Shares of Chinese autonomous vehicle maker Horizon Robotics opened 28.3% higher on the Hong Kong stock exchange on Thursday after the company raised $696 million in an initial public offering. The deal is the largest IPO in Hong Kong in 2024 after it sold 1.355 billion shares at HK$3.99 each, according to the company’s filings.… Continue reading Horizon Robotics shares debut in Hong Kong after $696m IPOThe deal is the largest IPO in Hong Kong in 2024.
Author: Deal Street Asia Online News
Chinese self-driving startup WeRide files for $119m Nasdaq IPOIt also plans to raise $320.5m in a private placement.
Chinese self-driving startup WeRide has filed for a $119.4 million initial public offering on Nasdaq and a private placement of $320.5 million, according to a term sheet seen by Reuters on Wednesday. As part of the offering, the Guangzhou-based company will offer 6.5 million American depositary shares in a price range of $15.5 to $18.5… Continue reading Chinese self-driving startup WeRide files for $119m Nasdaq IPOIt also plans to raise $320.5m in a private placement.
IFC weighs up to $50m investment in Creador’s sixth flagship fundCreador VI is an $800m PE fund focused on mid-market companies in South and Southeast…
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Green Climate Fund pledges $15m to Pakistani VC firm SarmayacarThe move will help startups tackle the impact of climate change.
The Green Climate Fund (GCF) has committed $15 million to Pakistani venture capital firm Sarmayacar, the venture fund said on Wednesday, so it can help startups tackle the impact of climate change in the country that has been at the forefront of extreme weather. Flooding in Pakistan, which scientists said was aggravated by global warming,… Continue reading Green Climate Fund pledges $15m to Pakistani VC firm SarmayacarThe move will help startups tackle the impact of climate change.
Indian B2B marketplace Udaan in talks to raise $100m at flat valuation: Reportin January this year, Udaan’s valuation fell by nearly half to around $1…
Indian business-to-business (B2B) marketplace Udaan is in talks with UK savings and investment firm M&G Prudential to raise a new funding round of $8-100 million, The Economic Times reported on Wednesday. M&G, which holds a 15% stake in the company, led Udaan’s $340-million Series E round of funding in December, which was a mix of… Continue reading Indian B2B marketplace Udaan in talks to raise $100m at flat valuation: Reportin January this year, Udaan’s valuation fell by nearly half to around $1…
India: Avaana’s Climate & Sustainability Fund surpasses target to close at $135mDealStreetAsia reported in June that the firm is expected to hit the f…
India’s climate-focused venture capital firm Avaana Capital on Wednesday said it has closed its Climate and Sustainability Fund at $135 million, larger than its target of $120 million. Led by Anjali Bansal and Swapna Gupta, Avaana invests in thematic areas such as energy and resource management, mobility and supply chains, and sustainable agriculture and food… Continue reading India: Avaana’s Climate & Sustainability Fund surpasses target to close at $135mDealStreetAsia reported in June that the firm is expected to hit the f…
GIC, Macquarie explore $2b stake sale in PH green energy firm EDC: reportEDC is the Philippines’ biggest renewable energy firm.
Singapore’s GIC and Australia’s Macquarie are looking at selling their stake of roughly 30% in Philippine renewable energy firm Energy Development Corp (EDC), a deal that could fetch $2 billion, two sources with knowledge of the matter said. They are in preliminary talks with advisors and no decision has been made, the sources said, declining… Continue reading GIC, Macquarie explore $2b stake sale in PH green energy firm EDC: reportEDC is the Philippines’ biggest renewable energy firm.
People Digest: Elevation Capital promotes execs to partners; Lenskart names new finance chiefAbhishek Gupta, ex-finance chief of OYO, will be the new …
Elevation Capital, which has backed the likes of Paytm and Makemytrip, said it has promoted Vaas Bhaskar and Chirag Chadha as partners in the firm. Separately, ChrysCapital-backed Indian eyewear retailer Lenskart has named former OYO chief financial officer as its new CFO. Elevation Capital promotes execs to partners Elevation Capital, which has backed the likes… Continue reading People Digest: Elevation Capital promotes execs to partners; Lenskart names new finance chiefAbhishek Gupta, ex-finance chief of OYO, will be the new …
Tokyo Metro shares jump 45% in market debut after biggest IPO in six yearsTokyo Metro was trading at $11.41 in the morning.
Tokyo Metro’s shares shot up 45% in their market debut on Wednesday, after Japan’s largest initial public offering in six years raised $2.3 billion. Tokyo Metro, one of the capital’s two major subway operators, was trading at 1,730 yen ($11.41) in the morning after opening untraded with a glut of buy orders. The company raised… Continue reading Tokyo Metro shares jump 45% in market debut after biggest IPO in six yearsTokyo Metro was trading at $11.41 in the morning.
Mubadala Capital closes fourth PE fund at $3.1b, surpasses targetThe fund will target middle-market companies in various sectors.
Mubadala Capital, the wholly-owned alternative asset management arm of Mubadala Investment Company, has closed its Private Equity Fund IV with total commitments of $3.1 billion, exceeding its initial target by more than $1 billion, according to an announcement on Wednesday. Fund IV attracted commitments from both new and existing limited partners, including leading US pension… Continue reading Mubadala Capital closes fourth PE fund at $3.1b, surpasses targetThe fund will target middle-market companies in various sectors.