SoftBank-backed Indian e-scooter maker Ola Electric said on Monday it would offer shares priced in a range from 72 rupees to 76 rupees ($0.86-$0.91) in a $734-million listing that will be this year’s biggest domestic IPO. It is the first IPO by an Indian electric vehicle maker, which is also the biggest player in a… Continue reading India’s Ola Electric announces price range for $734m IPOA term sheet showed the IPO values the firm at $4 billion.
Author: Deal Street Asia Online News
India: FirstCry set to file final papers for $3-3.5b IPO this weekFirstCry’s offer size remains unchanged from its draft IPO papers at $217m, per medi…
FirstCry is expected to file its red herring prospectus (RHP) this week, for an initial public offering (IPO) valuing the baby and mother care products retailer at $3-3.5 billion, The Economic Times reported on Monday. FirstCry’s offer size remains unchanged from its draft IPO papers, at $217 million (Rs 1,816 crore) of primary fundraise. Earlier… Continue reading India: FirstCry set to file final papers for $3-3.5b IPO this weekFirstCry’s offer size remains unchanged from its draft IPO papers at $217m, per medi…
AgFunder VC raises $102m for latest agrifood tech fundThe fund is already over a third deployed.
AgFunder VC, a US-based agrifood tech investor, has raised $102 million for its latest early-stage fund, surpassing its $100 million target. AgFunder Fund IV secured commitments from global investors including family offices—GeoBlue AG and Nest—and institutions including Japan’s agricultural bank Norichukin Bank and Alexandria Real Estate. According to a report by AgFunderNews, the latest investment… Continue reading AgFunder VC raises $102m for latest agrifood tech fundThe fund is already over a third deployed.
Malaysian pension fund KWAP sees Dana Pemacu strategy providing new impetus to local GPsDana Pemacu is a $1.3b co-GP programme that will pair internat…
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Nasdaq says top shareholder Thoma Bravo to sell shares worth $2.8bAfter the stake sale, the PE firm will become the fifth-largest shareholder in the e…
Nasdaq said on Friday that private equity firm Thoma Bravo will sell 41.6 million shares in the transatlantic exchange operator through a secondary public offering. The announcement sent Nasdaq shares down 2.8% after the bell. Last year, Nasdaq struck a $10.5 billion cash-and-stock deal to buy fintech firm Adenza from Thoma Bravo, giving the private… Continue reading Nasdaq says top shareholder Thoma Bravo to sell shares worth $2.8bAfter the stake sale, the PE firm will become the fifth-largest shareholder in the e…
India’s Ola Electric to launch IPO next week, valuation seen at around $4.4bIts expected valuation is 18.5% to 22% lower than in its last round in Sep…
SoftBank-backed Ola Electric’s IPO will open for retail subscription on Aug. 2, the Indian electric scooter maker said on Saturday, a stock offering that according to two sources will value the company between $4.2 billion to $4.4 billion. The issue, which will open for institutional investors a day earlier on Thursday, will close for retail… Continue reading India’s Ola Electric to launch IPO next week, valuation seen at around $4.4bIts expected valuation is 18.5% to 22% lower than in its last round in Sep…
SE Asian IPO fundraising plunges 60% in first half as Indonesia slumpsHigher interest rates dampen listings in region with fewer big-ticket debuts.
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Spot work startup Timee’s shares soar 30% in Tokyo debutTimee connects workers seeking side gigs with labour-strapped businesses.
Shares in startup Timee, which operates a platform connecting workers seeking side gigs with labour-strapped businesses, rose roughly 30% on Friday in their Tokyo stock market debut. The shares opened at 1,850 yen, valuing the company at around $1.1 billion. Timee’s app helps users to work shifts lasting as little as one hour at restaurants,… Continue reading Spot work startup Timee’s shares soar 30% in Tokyo debutTimee connects workers seeking side gigs with labour-strapped businesses.
Indonesia launches ‘Golden Visa’ programme to lure foreign investors
Indonesia launched a long-term visa scheme on Thursday intended to attract foreign investors, President Joko Widodo said, with amounts of up to $10 million giving them a 10-year visa and access to Southeast Asia’s largest economy. The five-year “Golden Visa” requires individual investors to set up a company worth $2.5 million, while a 10-year visa… Continue reading Indonesia launches ‘Golden Visa’ programme to lure foreign investors
Chinese generative AI major Baichuan Intelligence snags over $691m in Series A roundBaichuan entered the unicorn club just six months after its incept…
Chinese generative artificial intelligence (AI) startup Baichuan Intelligent Technology has raised 5 billion yuan ($691.4 million) in a Series A funding round, as the firm expands the use cases of its large language models (LLMs) amid intense domestic competition. The Series A round roped in Chinese internet juggernauts including the likes of Alibaba Group, Tencent… Continue reading Chinese generative AI major Baichuan Intelligence snags over $691m in Series A roundBaichuan entered the unicorn club just six months after its incept…