By Nguyen Thi Bich Ngoc
31VENTURES is a joint venture of Global Brain Corporation and Mitsui Fudosan.
Trading in Samsung Biologics resumed Tuesday following a trading halt since Nov. 15, after the country’s financial regulator said the company intentionally broke accounting rules surrounding its initial public offering in 2016 and could face a criminal investigation.
SoftBank, a Japanese conglomerate run by Masayoshi Son, owns more than 15% of Uber. Rakuten, an e-commerce company that began amassing a sizable stake in Lyft when the startup appeared to be an also-ran, now owns more than 10%.
Abu Dhabi’s Mubadala Investment Co also participated in the funding round.
Lexington, which acted as the lead investor in the transaction, bought existing LP stakes in TPG’s fifth and sixth Asia vehicles.
According to UK media reports, Khazanah has blocked an emergency fundraising by the unicorn startup, causing Blippar to inform its shareholders that it has been left with no option but to give notice to start insolvency proceedings.
That makes the share sale one of the largest of all time globally, just shy of the record $25 billion that China’s Alibaba raised in 2014.
The round was co-led by Kleiner Perkins and venture capital firm Ribbit Capital and backed by return investors, including Altos Ventures, Bessemer Venture Partners, Goodwater Capital, KTB Network, Novel, PayPal, and Qualcomm Ventures.
Uber is eager to beat Lyft to Wall Street, a sign of the company’s entrenched competitiveness.
The San Francisco-based company is among a string of Silicon Valley unicorns expected to debut in the stock market in 2019.