According to sources familiar with the matter at hand, Elon Musk’s SpaceX is poised to become the most valuable U.S. startup with its valuation rising to over $125 billion in an ongoing share sale in the secondary market. The shares,… Read More ›
private companies
London Stock Exchange proposes listing of private companies
According to a report from the Wall Street Journal citing a source familiar with the matter at hand, the London Stock Exchange Group has proposed a special market for private companies to trade their shares publicly on the exchange on… Read More ›
Goldman Sachs to merge its private investing arms and create a new division
The move underscores Goldman Sach’s new focus on getting better returns from its asset-management division. As per a report from the Wall Street Journal citing sources familiar with the matter at hand, Goldman Sachs Group Inc its private-investing arms and… Read More ›
The largest pension fund in the U.S. is looking to outsource its private equity business to BlackRock
The move could potentially minimize the high fees that CalPERS pays to its asset manager for managing its private equity and boost the return of its investments. According to a source familiar with the matter at hand, Incidentally, California Public… Read More ›
Brazilian government likely to sell a portion of its stake in Eletrobras
This has the potential to open up Brazil’s power sector to private players. As per a Brazilian government source, the Brazilian government’s stake along with other state entities in Centrais Elétricas Brasileiras SA, a power holding company, could be as… Read More ›
Rock Labs snags $75 million in first round of funding
Launching small satellites is a lucrative business and the market is slated to boom in the next 10 years. New Zealand and Los Angeles-based startup, Rocket Lab, has just completed a series D round of financing of $75 million…. Read More ›
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