Bain Capital is looking to take a stake in French food caterer Sodexo after the Paris-listed firm said it was on the lookout for investors that could help fund the group’s turnaround, said sources. Sodexo, which has a market value of… Read More ›
valuation
Reddit Inc taps Morgan Stanley and Goldman Sachs Group for upcoming IPO
According to a source familiar with the matter at hand, Reddit Inc has tapped Morgan Stanley and Goldman Sachs Group for its initial public offering. In December, Reddit had confidentially filed for an IPO aiming for a valuation of over $15 billion…. Read More ›
LG Energy Solution opens books for South Korea’s biggest IPO
South Korean battery maker LG Energy Solution has opened its books for an initial public offering in the country with an aim to raise up to $10.8 billion in what is South Korea’s biggest IPO. LG Energy’s shares will be… Read More ›
SpaceX raises $337.4M in new equity financing
In a regulatory filing SpaceX reported that it had raised $337.4 million in equity financing. Earlier this year in October, SpaceX, which counts Alphabet Inc and Fidelity Investments among its investors, touched $100 billion in valuation following a secondary sale of… Read More ›
Bank of Montreal in advanced negotiations to acquire U.S. unit of French bank BNP Paribas SA
As per a report from the Wall Street Journal, the Bank of Montreal is in advanced talks to acquire the U.S. arm of French bank BNP Paribas SA. An agreement could emerge as early as this week, if the talks… Read More ›
Will pay $11B in taxes this year: Elon Musk
In a tweet, Tesla Inc’s CEO Elon Musk said, he will be paying more than $11 billion in taxes this year. The development comes in the wake of Democratic Senator Elizabeth Warren tweeting that Musk should pay taxes and stop “freeloading… Read More ›
Reddit files for IPO
In a statement Social media giant Reddit said, it had filed a confidential proposed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). Reddit, known for its message boards that became the go-to destination for… Read More ›
LG Energy Solution’s IPO to be third biggest in South Korea
According to two sources familiar with the matter at hand, LG Energy Solution (LGES) is likely to place its IPO at the top of its indicative range at around $11 billion. Institutional investors are betting heavily on booming demand for… Read More ›
Clearlake Capital acquires Quest Software Inc from Francisco Partners in $5.4 billion deal
According to sources familiar with the matter at hand, private equity firm Clearlake Capital has struck a deal to acquire Quest Software Inc from Francisco Partners, valuing the deal at $5.4 billion including debt. The deal is likely to be… Read More ›
Indian startup Nykaa’s blockbuster stock market debut values it at $13 billion
Shares of Nykaa, India’s cosmetics-to-fashion platform, made a blockbuster debut valuing the company at close to $13 billion. With the news reaching the market, shares of FSN E-Commerce Ventures, the profit-making parent company that owns the Nykaa brand, soared by… Read More ›
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