IPOs & Markets
Detailed work on the IPO may pick up speed later this year or early next year.
Banks are struggling to win these private deals because of regulatory challenges.
It’s the second merger in Australia’s A$2.8 trillion pension industry to be explored within a week.
UK fintech OakNorth raised $440 million from investors including Japan’s SoftBank Group in February.
Bain also contributed more than a 10th of the capital raised.
Including debt, the deal is valued at about 8.4 billion.
Loon says its balloons will reach Kenya in the coming weeks for its first commercial trial.
Mitsui and state-owned JOGMEC will buy the stake through a Dutch joint venture.
Former Abraaj managing partner Mustafa Abdel-Wadood admitted that he lied to investors about the firm's financial health and track record.
Facebook is pinning its hopes on positioning Libra more as an asset, or US dollar-backed stablecoin, rather than a Bitcoin-like cryptocurrency.
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