India-based PE IndigoEdge will be running the book building for the round.
BYJU's fires another 1,200 employees, more layoffs to follow
People Digest: Grab appoints SG politician to handle public affairs; FWD names new CEO
SEA Digest: SG's BandLab acquires beat platform Airbit; Indonesia's Bio Farma, SIRCLO launch Medbiz
HK-based New World weighs sale of majority stake in $1.4b premium office tower
Sequoia Capital leads $12m Series A round in SG-based Freightify
Bangladesh B2B startup ShopUp secures $30m debt financing
Creador, Navegar invest in Philippines-focused discount retail chain DALI Stores
Former Gojek exec’s SaaS startup klikit raises $5.6m in seed funding
PH’s Foxmont Capital Partners raises $21.3m for second venture fund
SG wealth management platform Kristal.AI eyes $30m Series B funding
The size of the deal could increase to $8b if market conditions improve.
The reforms will benefit investment banks and PE funds.
“Once the market stabilises, we will review our capital market strategy,” said the billionaire.
Rest of Asia
Energy X’s total funding to date is approximately $32m.
Annual returns had exceeded one trillion crowns in each of 2019 -21.
The company was last valued at $3.5b by Sequoia Capital.
“Celsius did not “deliver” on the promises surrounding its native CEL token.”
Interest rate hikes led to massive selloffs in the global bond and equity markets last year.
With its tax-friendly regime and political stability, Singapore has long been a haven for ultra-rich foreigners.