By Pavel Alpeyev
Mercari Inc. priced its IPO at the top of the range to sell $1.2 billion worth of shares, a valuation that’s set to make its 40-year-old founder a billionaire.
The US insurer sought to assuage concerns about personal consumer information becoming more vulnerable after the deal with the China-based company.
Enthusiasm for virtual currencies has waned partly due to a string of cyber heists, including the nearly $500 million theft from Japanese exchange Coincheck Inc. in late January.
Prospa received a letter from ASIC requesting information as part of a broader industry review of small business lending contract terms.
Given the growth and still-evolving nature of Asian markets, Hamilton Lane expects the opportunity for credit-focused investments to continue to expand.
Abraaj still owes $94.6 million to its Private Equity Fund IV, but all money has been accounted for and there appears no evidence of embezzlement or misappropriation.
She will be based in Hong Kong for the new role that will focus on fundraising and investor relations activities across Asia.
For CJ Logistics, the deal marks its first acquisition in the Americas where it operates 15 logistics centers
In April, Mineral Resources agreed to buy Atlas via a scheme of arrangement that valued it at $213 million.
Following the transaction, IFM will own 37.5 per cent in the container terminal operator while BCI will acquire 25 per cent interest.