Bright Health Group said its downsized initial public offering priced at $18 a share, below its proposed price range of $20 to $23. The company sold 51.35 million shares to raise about $924.3 million, compared with its original plan to offer 60 million shares. The shares will start trading later Thursday on the New York Stock Exchange under the ticker "BHG." Based on an expected 624 million shares outstanding after the deal closes, the company has a valuation of more than $11 billion. There were nine banks underwriting the deal, led by JP Morgan and Goldman Sachs.
In the poker game of real estate development, two investors are going all-in on 111 Wall Street. After acquiring the leasehold interest in the 24-story office building for $175 million last year, Nightingale Properties and Wafra Capital Partners have now added the building's fee interest to their holdings as well -- a $220 million purchase, according to property records. The deal for the land under the building, sold by Omnispective Management, follows an announcement made The post Fee interest at 111 Wall Street sells for $220M appeared first on The Real Deal New York.
Belldegrun's VC firm nabs a major $825M funding well for next-gen biotechs badams Thu, 06/24/2021 - 06:36.: After an illustrious career in biotech, including navigating Kite Pharma and then Allogene to become major players in the cell therapy space, Arie Belldegrun, M.D., and his new venture firm are looking to make a series of bets on the next big thing in biotech. Belldegrun's third fund for Vida Venture, Vida III, has reeled in a massive $825 million, giving it a total of $1.7 billion under management from across all three funds.
Reliance To Invest Rs 75,000 Cr In New Energy Business Over 3 Years: Ambani | Business Standard News
Reliance will build solar manufacturing units, a battery factory for energy storage, a fuel cell-making factory and an electrolyser unit to produce green hydrogen as a part of the business.
NEW YORK, June 24, 2021 /PRNewswire/ -- Siguler Guff, a leading global, multi-strategy private equity investment firm with over $15 billion of assets under management, announced today that it has recently raised more than $450 million for its Small Business Credit Opportunity Fund II...
Sembcorp Marine Proposes $1.5B Rights Issue To Help It Turn To Renewable Energy, Companies & Markets News & Top Stories - The Straits Times
June 24, 2021 6:26 PMSINGAPORE - Sembcorp Marine has proposed a further $1.5 billion rights issue to strengthen its financial position amid continued Covid-19 disruption, it said in a filing on the Singapore Exchange on Thursday (June 24).
Billionaire Mukesh Ambani on Thursday announced a Rs 75,000 crore investment in setting up four 'Giga' factories to make solar photovoltaic cells, green hydrogen, batteries and fuel cells over the next three years.
This is the fourth round of funding raised by the company in the last 15 months. : Classplus, which helps educational institutions go online, on Thursday said it has raised USD 65 million (about Rs 482.3 crore) in funding, led by Tiger Global. GSV Ventures, along with existing investors Alpha Wave Incubation (AWI), Blume Ventures, and RTP Global also participated in the Series C round, a statement said. This is the fourth round of funding raised by the company in the last 15 months. Sequoia Capital's Surge and Times Internet are also the early backers of Classplus.
Goat Group Valuation More Than Doubles To $3.7 Billion After Closing Series F Funding Round Of $195M
LOS ANGELES, June 24, 2021 /PRNewswire/ -- GOAT Group (GOAT), the global platform for the greatest products from the past, present and future, has closed a Series F funding round of $195 million, reaching a valuation of $3.7 billion, more than double its prior valuation of $1.8 billion...
Reliance AGM 2021: Reliance Industries Chairman and Managing Director Mukesh Ambani addressed the conglomerate#39;s shareholders and made a number of announcements at the 44th RIL annual general meeting. Here#39;s the full text of his speech.