Socar, South Korea’s largest car-sharing startup, tumbled in its Seoul stock market debut Monday even after pricing shares below the bottom end of a marketed range. Shares of Socar rose 1.25% from its IPO price of 28,000 won ($21.10) in the initial minutes of the debut, before tumbling to 26,300 won and giving the firm… Continue reading SoftBank-backed Socar, South Korea’s largest car-sharing startup, tumbles on market debut
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Human drivers in UK won’t be liable for accidents when vehicle is self-driving
Manufacturers operating self-driving vehicles in the UK will be liable for a vehicle’s actions when in autonomous mode, according to the country’s new roadmap to achieve a widespread rollout of self-driving vehicles by 2025. The British government unveiled the roadmap over the weekend, announcing $119 million in funding for AV projects and an additional $41… Continue reading Human drivers in UK won’t be liable for accidents when vehicle is self-driving
Chinese medical device maker Jinjiang Electron closes $103m from Hillhouse & othersIt raised the new funding from three transactions, including its Se…
Jinjiang Electron, a Chinese developer of cardiac electrophysiology devices, has collected over 700 million yuan ($102.6 million) of new financing from investors, including private equity (PE) major Hillhouse Capital Group, the startup announced on Monday. The Chengdu-based company, whose cardiology specialty equipment is used in the diagnosis and treatment of cardiac arrhythmias, raised the new… Continue reading Chinese medical device maker Jinjiang Electron closes $103m from Hillhouse & othersIt raised the new funding from three transactions, including its Se…
India Digest: PharmEasy withdraws IPO plans, Koye Pharma hires banker for fresh fundraisePharmEasy is now planning to raise funds from existing shareh…
Indian drug and medical services startup PharmEasy has withdrawn the draft red herring prospectus (DRHP) it filed for its initial public offering (IPO) while Koye Pharmaceuticals has hired investment bank o3 Capital for a fresh fundraise. PharmEasy recalls draft IPO papers Indian drug and medical services startup PharmEasy has withdrawn the draft red herring prospectus… Continue reading India Digest: PharmEasy withdraws IPO plans, Koye Pharma hires banker for fresh fundraisePharmEasy is now planning to raise funds from existing shareh…
Vantage Point: Why Sea Ltd’s share price movement may not be a true gauge of its performance
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Sumitomo Mitsui Financial Group may bid for Indonesia’s Panin Bank, report says
Japan’s Sumitomo Mitsui Financial Group (SMFG) is reportedly considering a bid for Jakarta-based lender PT Bank Pan Indonesia, better known as Panin Bank, Bloomberg reported on Monday, citing people familiar with the matter. The Tokyo-based firm is competing against other potential buyers, including Mitsubishi UFJ Financial Group Inc (MUFG), to acquire a controlling stake in… Continue reading Sumitomo Mitsui Financial Group may bid for Indonesia’s Panin Bank, report says
Malaysia’s cash rebate, payments firm StarBox seeks $23m in US IPO
StarBox Holdings, a Malaysian cash rebate, digital advertising and payments company, has filed to raise about $23 million in an initial public offering (IPO) in the US, making it the first Malaysian firm to directly list on Nasdaq. In a statement, StarBox said its listing on Nasdaq, which will take place on August 23, will… Continue reading Malaysia’s cash rebate, payments firm StarBox seeks $23m in US IPO
Tesla FSD 10.69 update rolls out with $15k price hike, but is it worth it?
Tesla’s “Full Self-Driving” software, which currently costs $12k, will get a $3k price hike to $15k on September 5th in North America, coinciding with the wide release of the 10.69.2 Beta update. The early release version has just started rolling out to beta testers, and results are coming in to give us a sense of… Continue reading Tesla FSD 10.69 update rolls out with $15k price hike, but is it worth it?
SEA Digest: Temasek’s ABC Impact adopts Impact Principles; Vietnam’s On Group acquires TopShipTemasek has become a signatory to the IFC’s Impact Princ…
ABC Impact, a Singapore-headquartered Asia-focused private equity firm, has officially adopted the Operating Principles for Impact Management while Vietnam–based social commerce startup On Group has acquired TopShip, an aggregation platform for fulfillment and delivery for an undisclosed sum. Temasek’s ABC Impact adopts Impact Principles ABC Impact, a Singapore-headquartered Asia-focused private equity firm, has officially adopted… Continue reading SEA Digest: Temasek’s ABC Impact adopts Impact Principles; Vietnam’s On Group acquires TopShipTemasek has become a signatory to the IFC’s Impact Princ…
Australia’s Nearmap agrees to $729m takeover offer from US PE firm Thoma Bravo
Aerial imagery company Nearmap Ltd said on Monday it agreed to an A$1.06 billion ($728.5 million) takeover offer from Thoma Bravo LP, becoming the latest technology firm that the US private equity firm has bet on in recent months. The A$2.10-per-share offer received last month represented a premium of nearly 39% to the stock’s closing price on Aug 12,… Continue reading Australia’s Nearmap agrees to $729m takeover offer from US PE firm Thoma Bravo