The U.S. Securities and Exchange Commission (SEC) unofficially decided to nix plans that would allow the majority of hedge funds to keep their stock investments hidden. This was after a slew of public companies and critics lambasted the proposal as a major blow to market transparency. The issue looms around 13F filings, reports in which [...]
Funding touted as largest in India's consumer tech segment; led by Investment Corporation of Dubai. : Online fish and meat platform FreshToHome has raised $121 million in Series C funding. The funding, which is being claimed as the largest round in the consumer tech segment in India, was led by Investment Corporation of Dubai (ICD), the principal investment arm of the government of Dubai, along with Investcorp, Ascent Capital, US government's development finance institution -- DFC, the Allana Group and other investors.
Temasek India head Ravi Lambah says India fits well in the long-term structural trends of sustainable living, longer life spans, rising consumer spending power, higher connectivity, smarter system, a sharing economy and a more connected world.
Grab holds a 60% stake in the digital bank venture, and the remainder is owned by Singtel. The post Singtel may commit over $440m to digital bank venture with Grab appeared first on DealStreetAsia.
HONG KONG -- Ant Group plans to cease taking investor orders for the Hong Kong portion of the world's largest initial public offering on Wednesday, a day earlier than planned, after subscriptions exceeded the allotted shares within an hour, according to three people familiar with the deal. The institutional order book, which represents 97.5% of the 1.67 billion shares on offer in Hong Kong, already has been multiple times overfilled, with subscriptions coming in from some of the world's largest fund managers, sovereign wealth funds and state investment funds.
The $3.2 billion real estate boutique has appointed a new fund manager, as a part of internal movements. : The $3.2 billion real estate boutique has appointed a new fund manager, as a part of internal movements. Michael Noblet is moving into the role and will focus on scoping assets for the EG Australian Core Enhanced (ACE) and High-Income Sustainable Office Trust (HISOT) funds and mandates. He will also work on investor relationships across the funds. Aakriti Chona is moving to assistant fund manager and will focus on ACE's strategy, and investor relationships and reporting.
The dual listing, a first for Shanghai's Nasdaq-style STAR Market and Hong Kong, would value Ant at about $312 billion before a so-called greenshoe option for a 15% overallotment of shares.
Jack Ma, the billionaire founder of Ant and affiliate Alibaba Group Holding, said it was a "miracle" that such a large listing is taking place outside New York.
The dual listing, a first for Shanghai's STAR Market and HK, would value Ant at about $312 billion. The post Investors line up for Ant Group's record $34.4b IPO appeared first on DealStreetAsia.
Investors scrambling for a piece of fast-growing Chinese financial technology giant Ant Group. : Chinese financial technology giant Ant Group has set terms for a dual listing aimed at raising up to $US34.4 billion ($48.3 billion) from the world's largest stock market debut, with investors scrambling for a piece of the fast-growing company. The deal would value Ant at more than $US313 billion before a so-called greenshoe option for a 15 per cent overallotment of shares. At that valuation, Ant is worth more than Industrial and Commercial Bank of China, the world's biggest bank by assets.