Author: Deal Street Asia Online News

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…

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…

Indosat’s potential sale of submarine cable and fibre assets may attract local biddersThe Indonesian telco is looking to raise $1.5-2b from the sale.

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HK-listed real estate manager ESR completes acquisition of LOGOS

Hong Kong-listed real estate group ESR announced that it is acquiring the remaining 13.6% interest in LOGOS, one of the region’s top logistics property groups, held by LOGOS founders. The acquisition of the remaining shares will complete ESR’s acquisition of LOGOS, originally set for January 2025, per the announcement. With the integration, LOGOS co-founder and… Continue reading HK-listed real estate manager ESR completes acquisition of LOGOS