Upson International Corp (UIC), the largest retailer of personal computers and information technology products in the Philippines, said on Monday it has filed for an IPO of up to 5.4 billion pesos ($103.81 million). UIC plans to offer up to 986.8 million shares, including an over-allotment option of up to 98.7 million shares, at a maximum price of 5.50 pesos ($0.11) each. In Philippine filings, prices of initial public offerings (IPOs) are typically set above… Continue reading Philippine tech retailer Upson International files for up to $103m IPO
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Vantage Point: GoTo’s capital raising plan may take pressure off near-term US listing
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Japan’s Mitsui, Nomura to acquire Australian forestry asset manager New Forests
Japan’s diversified conglomerate Mitsui & Co and financial services group Nomura Holdings have agreed to acquire Australia-headquartered nature-based real asset manager New Forests. Mitsui, which has been a shareholder in New Forests since 2016 with a 23% stake, will increase its holding to 49%, and Nomura will become a 41% shareholder while the remaining 10%… Continue reading Japan’s Mitsui, Nomura to acquire Australian forestry asset manager New Forests
Tesla Driver Briefly Trapped in Burning Car, Kicks Out Window
“The doors wouldn’t open.” Trapped Tesla owner Jamil Jutha had only owned his Model Y for eight months before it caught on fire Friday and briefly trapped him inside, according to a CTV News report published yesterday. Jutha was driving in Vancouver that morning when the car completely turned off and lost all power to… Continue reading Tesla Driver Briefly Trapped in Burning Car, Kicks Out Window
Joe Biden is Worried About Monkeypox
Image by Getty / Futurism The President of the United States says he’ll be concerned about monkeypox if it starts to spread more widely than it already has. Following this week’s report that the disease was confirmed in the US and countries in Europe President Joe Biden addressed a press pool today while traveling to… Continue reading Joe Biden is Worried About Monkeypox
20 Outstanding Online Co-Op Games to Play With Faraway Friends
It is not always possible to round up your friends to play couch coop games, but there are a ton of titles that let you keep the fun going from afar. We assume you are familiar with classics like Minecraft, Fortnite, Among Us, Left 4 Dead 2, and GTA Online, so we have hand-picked a… Continue reading 20 Outstanding Online Co-Op Games to Play With Faraway Friends
Xiaomi and Leica to launch a co-branded phone in July
After some earlier rumors, today Xiaomi finally confirmed its “long-term strategic cooperation” with Leica, and that they’ve been co-developing a flagship smartphone ahead of its July 2022 launch. This will be the German camera firm’s latest mobile imaging collaboration after Sharp, Huawei and Panasonic. Xiaomi isn’t the first Chinese phone maker to leverage the photography… Continue reading Xiaomi and Leica to launch a co-branded phone in July
WhatsApp will end support for iOS 10 and iOS 11 on October 24th
WhatsApp plans to end support for iOS 10 and 11. A new notification spotted by WABetaInfo prompts iPhone users to install the latest version of Apple’s mobile operating system supported by their device to continue using the app after October 24th. A support article from WhatsApp notes the company recommends iOS 12 as a baseline… Continue reading WhatsApp will end support for iOS 10 and iOS 11 on October 24th
Hyundai will invest $5 billion toward US manufacturing and innovation
Hyundai will allocate an additional $5 billion toward investments in the US, the automaker announced on Sunday. The funds will support the company’s work in electric vehicles, robotics, air taxis, self-driving cars and artificial intelligence. The announcement follows the recent news that Hyundai plans to build a $5.54 billion electric vehicle plant in Georgia. With… Continue reading Hyundai will invest $5 billion toward US manufacturing and innovation
The LP View: Crises can be good time to deploy capital, says Silverhorn’s Bert Kwan …
For Hong Kong-based multi-asset investment firm Silverhorn, Asian fund managers with experience in operating through different market cycles would be the sweet spot for its primary investment. The opportunities in Asia are presented by a large cohort of young entrepreneurs, and the number of funds that are looking to back those entrepreneurs, according to Bert… Continue reading The LP View: Crises can be good time to deploy capital, says Silverhorn’s Bert Kwan …