Hyundai Motor plans to use proceeds from a record $3.3 billion IPO of its Indian unit to enhance its research efforts and develop new cars, aspiring to transform the South Asian country into a manufacturing hub for emerging markets. Hyundai is due to launch its initial public offering—India’s biggest ever—next week. It will set a value… Continue reading Hyundai to use proceeds from upcoming $3b India IPO for new cars, R&DHyundai is due to launch its IPO—India’s biggest ever—next week.
Author: Deal Street Asia Online News
Carlyle-backed Rigaku looking to raise up to $870m in Tokyo IPOAt the top of the range, Rigaku would raise up to $870m.
Japan X-ray testing tool maker Rigaku set a tentative initial public offering (IPO) price range of 1,230 to 1,260 yen ($8.48) per share against an initial estimate of 1,230 yen, a regulatory filing showed on Wednesday. At the top of the range, Rigaku, which is backed by buyout firm Carlyle Group, would raise up to… Continue reading Carlyle-backed Rigaku looking to raise up to $870m in Tokyo IPOAt the top of the range, Rigaku would raise up to $870m.
Partners Group-backed KinderCare sets US IPO range to raise $576mThe company priced its offering at $24 apiece.
KinderCare Learning, a provider of early childhood education, on Tuesday priced its U.S. initial public offering (IPO) within its indicated range to raise $576 million. The company, which is backed by private equity firm Partners Group, priced its offering at $24 apiece, within its target range of $23 to $27, KinderCare said in a statement.… Continue reading Partners Group-backed KinderCare sets US IPO range to raise $576mThe company priced its offering at $24 apiece.
Hyundai sets price range for $3b India IPOThe Indian unit of the Korean carmaker is offering a discount to eligible employees in the IPO.
Hyundai Motor India has set a price range of 1,865 rupees ($22) to 1,960 rupees ($23) for its initial public offering (IPO) that opens next week for subscriptions, an advertisement in the Financial Express newspaper showed on Wednesday. The Indian unit of the Korean carmaker is offering a discount of 186 rupees per share to… Continue reading Hyundai sets price range for $3b India IPOThe Indian unit of the Korean carmaker is offering a discount to eligible employees in the IPO.
Japan’s JX Advanced Metals files IPO application with TSEThe market capitalisation of JXAM is expected to exceed 700 billion yen ($4.7 billion).
Japan’s biggest oil refiner Eneos Holdings is spinning off its metal unit, JX Advanced Metals (JXAM), saying on Tuesday JXAM has applied for a listing on the Tokyo Stock Exchange to improve focus on their respective areas of expertise. The market capitalisation of JXAM is expected to exceed 700 billion yen ($4.7 billion), making it… Continue reading Japan’s JX Advanced Metals files IPO application with TSEThe market capitalisation of JXAM is expected to exceed 700 billion yen ($4.7 billion).
Venture investors struggle to keep up with India’s soaring public market valuationsLate-stage firms feel emboldened to ask for higher valuations that …
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Shell Ventures-backed Orb Energy in talks to raise $48m in mix of debt and equityThe firm is in talks with two large impact investors for the equity p…
Shell Ventures-backed solar energy solutions provider Orb Energy is in talks with investors for its Series D round. It is aiming to raise nearly Rs 400 crore ($48 million) in a mix of equity and debt, as it seeks to expand its ground-mounted solar solutions offerings. Founded by Damian Miller and NP Ramesh in 2006,… Continue reading Shell Ventures-backed Orb Energy in talks to raise $48m in mix of debt and equityThe firm is in talks with two large impact investors for the equity p…
Hamilton Lane expands evergreen platform with launch of global, US private infra fundsThe firm’s evergreen platform now includes five funds across mul…
Leading private markets investment management firm Hamilton Lane has launched two evergreen funds that offer expanded access to private market infrastructure investments to accredited investors around the world, according to an announcement on Tuesday. With the addition of the two funds The Hamilton Lane Global Private Infrastructure Fund (HLGPI) and The Hamilton Lane Private Infrastructure… Continue reading Hamilton Lane expands evergreen platform with launch of global, US private infra fundsThe firm’s evergreen platform now includes five funds across mul…
Ares Management to buy GLP Capital Partners ex-China business in $3.7b dealThe deal splits GCP into GCP International and GLP’s remaining business.
US-based Ares Management has entered into a deal to acquire the international business of Singapore-based GLP Capital Partners (GCP), the investment and asset management arm of Asian warehouse giant GLP, for $3.7 billion, according to a company statement on Tuesday. The deal excludes its operations in Greater China. The deal includes approximately $1.8 billion in… Continue reading Ares Management to buy GLP Capital Partners ex-China business in $3.7b dealThe deal splits GCP into GCP International and GLP’s remaining business.
India’s markets regulator clears NSDL IPONSDL had filed for an IPO in July 2023.
India’s markets regulator has approved an initial public offering by National Securities Depository Ltd (NSDL) more than a year after the company filed draft papers, a regulatory notice showed late on Monday. NSDL, which handles most of the securities held and settled in dematerialised form in the Indian capital market, had filed for an IPO… Continue reading India’s markets regulator clears NSDL IPONSDL had filed for an IPO in July 2023.