Finance

Boyu Capital Targets $6 Billion in New Private Equity Fund

China based private equity firm Boyu Capital is consolidating a new China focused fund aiming to raise as much as $6 billion. This was revealed by sources involved with the matter but sought anonymity since the company is yet to let out this information to the general public. Boyu Capital has invested in several notable […]

Lucid Motors to go Public Through a Merger Deal with Churchill Capital IV

America based luxury electric vehicle manufacturer Lucid Motors says it has agreed to go public through a merger deal with Special Purpose Acquisition Company Churchill Capital IV Corp (CCIV). This merger deal will leave the combined company with a market valuation of $11.75 billion. Lucid based in Newark, California is headed by a former engineer from […]

Credit Suisse Posts a Net Loss of $392.79 Million in Fourth Quarter

Swiss based capital market company Credit Suisse Group (SWX: CSGN) posted its financial results for the fourth quarter in which the company registered a net loss of $392.79 (353 million Swiss franc) in the quarter. The second largest Swiss lender also registered a 22% net profit decline in 2020, the company attributes this decline to […]

Developer of Human Tissue Humacyte Agrees to go Public via Merger with SPAC

Developer of human tissue- based investigational products Humacyte Inc. had agreed to a deal to go public through a merger with a Special Purpose Acquisition Company (SPAC) Alpha Healthcare Acquisition Corp. (AHAC). Humacyte mainly engages in developing universally implantable bioengineered human tissues and organs. This deal will be one of a kind since it’s very […]

Bumble Soars on Market Debut Attaining a Market Valuation of $14 Billion

Operator of a dating app by the same name Bumble Inc. (BMBL) made its debut on the United States stock markets on February 11 with the share of the company soaring more than 76% leaving Bumble with a market capitalization of $14 in its first day as a public traded company. Shares of the company […]

TeamViewer Expecting Increased Growth in 2021

German based software company TeamViewer AG (ETR: TMV) is projecting increased growth rates in the 2021 financial year. The company is expecting its business to grow by up to 30% in 2021 in relation to what the company registered last year. Citing financials published by the company in January, last year the company recorded a […]

Blackstone Investing $150 Million in New Hedge Fund ApaH Capital

U.S based and world’s largest hedge fund investor Blackstone Group will be investing $150 million in newly established hedge fund ApaH Capital. ApaH capital is managed by a former senior executive at Lone Star Funds. Sources involved in the matter disclosed that ApaH Capital will use the funds as start-up capital. The company will be […]

Kuaishou Seeking to Raise $5.42 Billion in Hong Kong IPO

Chinese short video sharing app Kuaishou is looking forward to raise $5.42 billion from its upcoming initial public offering in the Hong Kong stock exchange. This was revealed after the company disclosed its term sheet. This is set to be the largest IPO in Hong Kong stock exchange for the past one year. According to […]

Mytheresa Valued at $2.2 Billion After Raising $406.8 Million From U.S IPO

Munich based luxury fashion e-commerce platform Mytheresa announced that it raised a total of $406.8 million from its Unites States initial public offering held on January 20. Following the IPO Mytheresa now has a market valuation of $2.2 billion. Shares of the company will start trading on New York Stock Exchange under the ticker symbol […]

Logitech Reports 300% Increase in Quarterly Profit Increases Annual Estimates

Swiss-American maker of computer peripherals and software Logitech International SA (SWX: LOGN) reported its quarterly results for the third quarter ending December 31 in which the company recorded a 300% profit increase in the quarter. The company is attributing this good performance to the pandemic which created a shit to people working and holding meeting […]