Indian drug and medical services startup PharmEasy has withdrawn the draft red herring prospectus (DRHP) it filed for its initial public offering (IPO) while Koye Pharmaceuticals has hired investment bank o3 Capital for a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 PharmEasy recalls draft IPO papers Indian drug and medical services startup PharmEasy has withdrawn the draft red herring prospectus… Continue reading India Digest: PharmEasy withdraws IPO plans, Koye Pharma hires banker for fresh fundraisePharmEasy is now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…
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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
Australia’s APA Group calls off US expansion plans, CEO quits
Australia’s top gas pipeline company APA Group said on Monday it has scrapped a long-standing plan to expand into the United States and that its chief executive would step down. APA first flagged in 2016 it was eyeing gas infrastructure assets in North America, the world’s biggest gas market, and missed out on a deal last year. “We have… Continue reading Australia’s APA Group calls off US expansion plans, CEO quits
Deals Digest: Sequoia India backs 15 startups under Surge; Funding Societies secures $50m credit facility
Sequoia Capital India has, along with co-investors, invested in 15 early-stage startups in Southeast Asia and India that form part of the seventh cohort of Surge, its startup accelerator programme. The seventh batch of Surge includes founders who are leveraging their expertise in technology and consumer insights to drive innovation in India, Southeast Asia, and… Continue reading Deals Digest: Sequoia India backs 15 startups under Surge; Funding Societies secures $50m credit facility
China’s United Imaging shares soar 75% in debut on Shanghai STAR Market
United Imaging Healthcare Co’s shares surged as much as 75% in their Shanghai debut on Monday following the Chinese firm’s $1.6 billion initial public offering (IPO), the biggest on China’s tech-focused STAR Market so far this year. The diagnostic imaging device manufacturer opened 55% higher at 170.1 yuan, after it sold 100 million shares at 109.88 yuan apiece,… Continue reading China’s United Imaging shares soar 75% in debut on Shanghai STAR Market