Indian banks urge return to call option valuation for perpetual bonds – sources
By Dharamraj Dhutia, Nikunj Ohri and Jayshree P Upadhyay MUMBAI (Reuters) – Indian lenders have suggested that investments in perpetual bonds issued by banks should be valued according to the call option…
Instacart cuts internal valuation to $10 billion- The Information
(Reuters) – Grocery delivery start-up Instacart has cut its internal valuation to $10 billion, the Information reported on Tuesday, citing two people familiar with the situation. The company, whose new valuation is…
Toshiba’s preferred bidder may lower valuation below 2 trillion yen – Nikkei
TOKYO (Reuters) – Japan Industrial Partners (JIP), the preferred bidder to buy out Toshiba Corp, may lower the valuation from the planned 2.2 trillion yen ($16.09 billion) to levels below 2 trillion…
China’s Giant Biogene slashes Hong Kong IPO size, valuation -sources
By Scott Murdoch (Reuters) -China’s Giant Biogene Holding Co Ltd launched on Tuesday an initial public offering (IPO) in Hong Kong to raise up to $80 million, a term sheet showed, sharply…
India’s BigBasket looks to raise $200 million at up to $3.5 billion valuation- ET
BENGALURU (Reuters) – India’s Tata Group-backed BigBasket has initiated a fresh round of funding that could value the online grocery startup at around $3.5 bln, The Economic Times newspaper reported on Tuesday,…
Analysis-Bruised by a valuation freefall, payments companies brace for M&A
By Pamela Barbaglia and David French LONDON/NEW YORK – Battered by a near 50% plunge in its shares over the last 12 months, Nexi, Europe’s biggest payments processor, has not gone unnoticed.…
Prada seeks $1 billion valuation in Milan listing – Bloomberg News
(Reuters) – Italian luxury group Prada SpA is considering seeking at least $1 billion from a second listing in Milan and is working with Goldman Sachs Group Inc on early preparations, Bloomberg…
Exclusive: Alibaba’s Freshippo seeks funds at much lowered $6 billion valuation – sources
By Kane Wu HONG KONG – Alibaba’s supermarket chain Freshippo is seeking to raise funds at a valuation of about $6 billion, much lower than a hoped-for valuation of up to $10…
Klarna in talks to raise fresh funds at roughly $6 billion valuation -source
By Anirban Sen (Reuters) -Swedish payments firm Klarna Bank AB is nearing a deal to raise fresh capital at a valuation of about $6 billion from existing investors led by Sequoia Capital,…
India’s Zomato sheds nearly $1 billion in valuation over two days after Blinkit deal
BENGALURU – Shares of India’s Zomato Ltd fell as much as 8.2% on Tuesday, extending losses for a second straight day as investors questioned the rationale of the company’s deal to buy…
Insurance broker Acrisure touches $23 billion in valuation after latest funding
(Reuters) – Acrisure said on Tuesday it had raised $725 million in a fresh funding round led by a wholly owned subsidiary of Abu Dhabi Investment Authority, valuing the insurance brokerage at…
Google backs India’s ShareChat in $300 million funding round at $5 billion valuation
By Munsif Vengattil NEW DELHI – The parent company of India’s ShareChat has raised nearly $300 million in fresh funding from Alphabet Inc’s Google, media giant Times Group and Singapore’s Temasek Holdings,…
Chainalysis raises $170 million in 6th funding round with $8.6 billion valuation
NEW YORK – Chainalysis, the New York-based blockchain data platform company, said on Thursday it had raised $170 million of new funding, bringing its valuation to $8.6 billion. The funding round, its…
China Resources in talks to take Sihuan Pharma private at $3 billion valuation -sources
HONG KONG -State conglomerate China Resources is in early-stage talks with Sihuan Pharmaceutical’s chairman about jointly taking the Hong Kong-listed company private in a deal valuing it at nearly $3 billion, two…
Walmart’s Flipkart raises IPO valuation target to $60-70 billion, eyes 2023 listing-sources
By Aditya Kalra, Aftab Ahmed and Anirban Sen NEW DELHI – Walmart’s Indian e-commerce company Flipkart has internally raised its IPO valuation target by around a third to $60-70 billion, and now…
Cryptocurrency firm Circle doubles valuation to $9 billion in tweaked SPAC deal
-Cryptocurrency operator Circle Internet Financial said on Thursday it was valued at $9 billion under new deal terms with Concord Acquisition Corp, a blank-check firm backed by former Barclays boss Bob Diamond.…
Altice calls off Portugal sale over valuation row with buyout funds – sources
By Pamela Barbaglia and Sergio Goncalves LONDON – Altice Europe NV has ditched a plan to sell its Portuguese business after private equity bids failed to meet price expectations, leaving founder Patrick…
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