Gossamer Bio Inc. said it could to raise up to $264.5 million in its initial public offering, according to a Securities and Exchange Commission filing late Wednesday. The San Diego-based biotech company said it planned to offer 14.4 million shares at $16 a share with an additional 2.2 million shares for underwriters to cover overallotments, which if used, would value the company at just over $1 billion. Given the partial government shutdown, which is in its 33rd day, the company said it was using "Section 8(a) of the Securities Act" for the registration to become effective automatically.
US-based Y Combinator, Propel Venture Partners and Kauffman Fellows participated in the funding round. : Online direct mutual funds investment platform Groww has raised $6.2 million in series A round of funding led by Sequoia Capital India. The company that caters to millennial investors will use the funds to build technology and launch new products, it said in a statement. US-based Y Combinator, Propel Venture Partners and Kauffman Fellows also participated in the round.
Global commercial real estate investment topped $730 billion last year in the top 30 cities, as investors around the world poured in a record amount. The news wasn't all good, as investment was expected to fall this year. London maintained its position in the top spot from 2017, according to a newly-released JLL report, which ranks 30 cities with the largest investment worldwide. New York overtook Los Angeles for the second spot in 2018 -- [...]
Environment: Sandvik Acquires Supplier Of Battery Electric Vehicle Solutions - Canadian Mining Journalcanadian Mining Journal
STOCKHOLM - Sandvik has acquired privately owned Artisan Vehicle Systems, manufacturer of battery powered underground mining equipment, based in Camarillo, Calif. The core technology is battery packs, electric motors, power electronics, software and c...
The Los Angeles Fire and Police Pensions (LAFPP), a smaller pension compared to its larger peers such as the Los Angeles County Employees Retirement Association, is considering forming a direct real estate investment strategy that would be managed internally. LAPFF staff requested the pension's real estate consultant The Townsend Group to explore the feasibility of [...]
Galaxy Digital, founded by bitcoin king Michael Novogratz, is raising at least $250 million for a credit fund to offer loans to cryptocurrency firms, according to people familiar with the matter. Borrowers will be able to get a loan by using cryptocurrencies, buildings, and cryptocurrency mining machines as collateral. Galaxy has been lending to crypto firms on its balance sheet since last year, and it has seen growing demand from borrowers amid the downturn in cryptocurrency.
Global commercial real estate investment topped $730 billion last year in the top 30 cities, as investors around the world poured in a record amount. The news wasn't all good, as investment was expected to fall this year. London maintained its position in the top spot from 2017, according to a newly-released JLL report, which ranks 30 cities with the largest investment worldwide. New York overtook Los Angeles for the second spot in 2018 -- ... [more]
The cofounder and former chief marketing officer of Soylent has a new startup that makes nicotine gum, he told Business Insider. Called Lucy, the new company is a product of esteemed Silicon Valley startup hub Y Combinator and has $5 million in venture funding from backers like Refactor Capital and Greycroft. Unlike existing nicotine gums, Lucy is sold online and operates on a subscription model, like Soylent. The founder claims it's also significantly better tasting and easier to use than products like Nicorette.
Corporate Chiefs Look Past Economic Risks And Pin Hopes On Trump For Trade Deal - The New York Times
From left, the chief executives Jaime Dimon of JPMorgan Chase, Randall Stephenson of AT&T and Dennis Muilenburg of Boeing are among those who have publicly expressed confidence that the economy will continue to grow despite potential obstacles.
Startup Investors Are Overlooking A Huge Investment Opportunity In Germany -- Here's How They Can Take Advantage
Germany boasts a robust and growing startup ecosystem, but would-be investors often overlook significant opportunities because the market can be difficult to understand. That's changing rapidly as the market becomes more visible. In the first half of 2018 alone, Germany saw 272 funding rounds -- worth EUR2.4 billion, according to EY. In Germany's Startup Investment Guide 2019, Grunderszene provides a step-by-step playbook for investors who want to take advantage of startup investment opportunities in Germany.