SoftBank to give up board seats, take on passive role in startups to get US nod on tech deals


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.

Russia’s IPO-bound rail operator Rustranscom valued at up to $1.6b

Rustranscom plans to apply for LSE admission in May and offer around $300 million worth of mostly primary shares.

Uber IPO filing shows $10b in operating losses since 2016

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.

Uber says in IPO filing it has 91m users but growth is slowing

The disclosure also highlighted how far Uber remains from turning a profit.

Morgan Stanley bags lead role in Uber IPO

The listing is likely to catapult Morgan Stanley to the top of the IPO advisory league tables.

Betting big on futuristic tech, Uber spends over $1b on self-driving unit

Uber has invested heavily in self-driving cars, a futuristic technology that could upend its core ride-hailing service.

Red Dot-backed US IoT security firm Armis raises $65m in Series C

Red Dot Capital Partners, an Israel-based venture capital backed by Singapore’s Temasek Holdings, participated as return investor.

NZ Super Fund targets to invest up to $115m in data centres

CIM Group will be acting as an external fund manager for the investments on behalf of the NZ Super Fund.

Warburg Pincus-backed ESR to develop $314m logistics facility in Japan

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.

US insurtech startup Lemonade snags $300m in SoftBank-led round

The company will use the funds to expand in the US, launch in Europe and grow its product offering beyond home and rental insurance.