Ola Electric‘s IPO drew bids worth over $2 billion from institutions ahead of its opening for retail investors, with shares allocated to Nomura, Norges Bank and some Indian mutual funds, a source with direct knowledge said. Indian Electric scooter maker Ola, backed by SoftBank, plans to raise $734 million in the country’s biggest IPO this year. The quota for… Continue reading Ola Electric’s IPO attracts $2b worth of bids from institutional investors: reportNomura and Norges Bank were allocated around $24m each, Reuters repo…
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India’s Clix Capital raises $26m from existing investorsThe company also plans to utilise the funds to expand to new geographies.
Indian MSME-focused non-banking finance company Clix Capital has raised Rs 220 crore ($26.3 million) in a funding round led by existing investors Apollo Global Management, Pramod Bhasin, and Anil Chawla, the firm said on Thursday. With this equity raise, Clix Capital expects to cross Rs 10,000 crore in assets under management (AUM) in the next… Continue reading India’s Clix Capital raises $26m from existing investorsThe company also plans to utilise the funds to expand to new geographies.
FirstCry looks to raise up to $501m from India IPO at $2.9b valuationSoftBank, TPG, M&M will sell a combined stake worth $302m.
BrainBees Solutions, the parent of Indian retailer FirstCry, is seeking to raise up to $501 million in an initial public offering, valuing the company as much as $2.9 billion, according to a term sheet seen by Reuters. The firm is offering fresh shares worth $199 million, while existing investors, including SoftBank, TPG and India’s Mahindra and Mahindra, will… Continue reading FirstCry looks to raise up to $501m from India IPO at $2.9b valuationSoftBank, TPG, M&M will sell a combined stake worth $302m.
Malaysian SPAC AEI CapForce II refiles for $100m US IPOAEI CapForce will pursue targets in Asia and SE Asia, particularly in the “new economy” sector…
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Alternative investors diversify into Japan, India, Korea as China loses sheen: PreqinOut of $14.8b raised for PE investments in APAC in Q2, $5b is ear…
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Japan’s Aeon Entertainment inks JV with Vietnam cinema operator Beta MediaThe JV is weighing an investment of $198m in Vietnam.
Vietnam-based cinema operator Beta Media and Japan’s biggest cinema chain Aeon Entertainment have launched a new joint venture, which is considering investing 5 trillion dong ($198 million) in building more than 50 premium cinema complexes by 2035, as well as developing a film production business under the Aeon Beta brand. The first Aeon Beta Cinema… Continue reading Japan’s Aeon Entertainment inks JV with Vietnam cinema operator Beta MediaThe JV is weighing an investment of $198m in Vietnam.
KKR’s net income soars by 49% in Q2 on higher feesThe company reported record fee-related earnings of $755m, up 25% YoY.
Private equity group KKR & Co said on Wednesday its second-quarter adjusted net income jumped 49% year-on-year, driven by an increase in management, transaction, and performance fees, as well as earnings from its annuities business. KKR‘s adjusted net income rose to $972 million from $653 million a year earlier. This translated into adjusted net income per share… Continue reading KKR’s net income soars by 49% in Q2 on higher feesThe company reported record fee-related earnings of $755m, up 25% YoY.
GalaxyEye secures $6.5m, expects to raise more to propel satellite launchSpeciale Invest and Mela Ventures led the round.
GalaxyEye, an Indian space tech startup that aims to launch its first satellite next year, has raised $6.5 million in its Series A round of funding, with plans to raise more capital in the coming months. The round was led by Speciale Invest and Mela Ventures. While Speciale Invest has backed other spacetech startups such… Continue reading GalaxyEye secures $6.5m, expects to raise more to propel satellite launchSpeciale Invest and Mela Ventures led the round.
US mulls new rules to restrict Hynix, Samsung from supplying AI chips to ChinaMove to restrict supply of HBM chips.
The US is considering unilateral restrictions on China’s access to AI memory chips such as those made by Micron Technology and SK Hynix and equipment capable of making such semiconductors, as soon as next month, Bloomberg News reported on Wednesday. The measures are meant to prevent Micron, and South Korea’s SK Hynix and Samsung from… Continue reading US mulls new rules to restrict Hynix, Samsung from supplying AI chips to ChinaMove to restrict supply of HBM chips.
Chinese auto chip maker Black Sesame to raise $144m via Hong Kong IPOIt is the second company seeking to go public in the city under new listing rules…
China’s Black Sesame International is seeking to raise up to $144 million through an initial public offering (IPO) on the Hong Kong stock exchange, a filing showed on Wednesday. Black Sesame is the second company seeking to go public in the city under new listing rules for specialist technology companies, after Tencent-backed QuantumPharm raised HK$987… Continue reading Chinese auto chip maker Black Sesame to raise $144m via Hong Kong IPOIt is the second company seeking to go public in the city under new listing rules…