By Heather Somerville
SoftBank has agreed to give up board seats, access to sensitive information, take a more passive role in startups to get US clearance for its technology deals.
Rustranscom plans to apply for LSE admission in May and offer around $300 million worth of mostly primary shares.
Uber Technologies Inc. filed for an initial public offering, starting the clock on what’s expected to be the biggest U.S. listing this year.
The disclosure also highlighted how far Uber remains from turning a profit.
The listing is likely to catapult Morgan Stanley to the top of the IPO advisory league tables.
Uber has invested heavily in self-driving cars, a futuristic technology that could upend its core ride-hailing service.
Red Dot Capital Partners, an Israel-based venture capital backed by Singapore’s Temasek Holdings, participated as return investor.
CIM Group will be acting as an external fund manager for the investments on behalf of the NZ Super Fund.
Construction on the new facility in Toda is expected to start in August this year and will be completed by the end of October 2020.
The company will use the funds to expand in the US, launch in Europe and grow its product offering beyond home and rental insurance.