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Bain Capital-backed Heartflow valued at $2.27 billion in solid Nasdaq debut - The Economic Times
Economic Times
·
1d ago
Medial
Medtech firm Heartflow, backed by Bain Capital, saw its shares surge 47.4% in a strong Nasdaq debut, valuing the company at $2.27 billion. The IPO raised $316.7 million by selling about 16.67 million shares at $19 each. Heartflow, known for its AI-enabled heart disease diagnosis tools, benefits from positive market sentiment amid AI-driven gains. Despite wider losses, its revenue rose 39% in the recent quarter, showcasing investor interest in AI healthcare solutions.
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Nvidia-backed CoreWeave's shares open nearly 3% lower in market debut
Economic Times
·
4m ago
Medial
CoreWeave, an AI infrastructure firm backed by Nvidia, had its shares open nearly 3% below the initial public offering price in its Nasdaq market debut. Despite this slight dip, the company was valued at $22.7 billion on a fully diluted basis.
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Ether Machine, backed by crypto giants, set to raise over $1.6 billion in Nasdaq debut - The Economic Times
Economic Times
·
20d ago
Medial
The Ether Machine, backed by major crypto investors, plans to raise over $1.6 billion through a Nasdaq debut after merging with Dynamix Corporation. This venture will hold over 400,000 Ether, becoming a significant public vehicle for institutional Ethereum exposure. Amid growing interest in cryptocurrencies, this move underscores a trend towards integrating crypto assets into corporate balance sheets. The company will trade on Nasdaq under "ETHM" by late 2025, as institutional interest in Ethereum rises.
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Rebel Foods appoints cofounder Ankush Grover as CEO; replaces Jaydeep Barman - The Economic Times
Economic Times
·
23d ago
Medial
Rebel Foods has appointed cofounder Ankush Grover as CEO, with Jaydeep Barman transitioning to chairman and group CEO. This leadership change occurs as the firm, backed by Temasek, restructures operations and refines focus ahead of a potential market debut. Grover, previously India CEO, will oversee core functions. Rebel Foods, valued at $1.4 billion, manages brands like Faasos and Behrouz Biryani, and aims to partner with restaurant brands earning over Rs 50 crore annually.
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Bain-backed chipmaker Kioxia's market value set at $4.9 billion in IPO
Economic Times
·
8m ago
Medial
Kioxia, backed by Bain Capital, is set to have a market value of around 750 billion yen ($4.85 billion) in its upcoming initial public offering (IPO). The IPO is expected to have a deal value of approximately 100 billion yen ($645.45 million), with shares being sold by Bain and Toshiba. Kioxia will also issue new shares, raising 27.7 billion yen. The indicative price for both the secondary offering and new shares is set at 1,390 yen. Kioxia will list on the Tokyo Stock Exchange on December 18.
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Swiggy IPO planned in 2024, investment bankers picked
Livemint
·
1y ago
Medial
Swiggy, backed by SoftBank, is reportedly considering Kotak Mahindra Capital, Citi, and JP Morgan for senior roles in its upcoming IPO. Additionally, Bofa Securities, Jefferies, ICICI Securities, and Avendus Capital are expected to be potential advisors for the IPO. The company aims to debut on the stock market in 2024 after previously postponing its listing plans due to market conditions. Swiggy is the second-largest player in the food delivery and grocery delivery markets and was valued at $10.7 billion in its last funding round in 2022.
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Bain, Inventia plan pharma bets; promoters to up stake in Zee
VCCircle
·
1y ago
Medial
Bain Capital is likely to acquire a stake in Sai Life Sciences, valuing the company at around $800 million. Platinum Equity Advisors is in talks to acquire drugmaker Inventia Healthcare. Zee Entertainment plans to sue Sony for damages, accusing them of preventing the merger. Lightspeed Venture Partners is exploring ways to sell startup stakes valued at approximately $1 billion.
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India's Emcure Pharma plans 2024 IPO, hires JP Morgan, Jefferies
Reuters
·
1y ago
Medial
Emcure Pharmaceuticals, backed by private equity firm Bain Capital, is reportedly planning to raise $400-$500 million in an IPO next year. The company had previously shelved its listing plans in 2022 due to market volatility caused by the conflict in Ukraine. Emcure has hired investment banks JP Morgan, Jefferies, and Kotak for the IPO and aims for a valuation of around $3 billion. Bain Capital, which owns a 13% stake in the company, plans to sell a portion of its stake. Emcure is one of several Indian companies looking to capitalize on the growing pharmaceutical market in the country, which is predicted to reach $130 billion by 2030.
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Software startup ServiceTitan valued at $8.97 billion as shares jump 42% in Nasdaq debut
Economic Times
·
8m ago
Medial
Cloud-based software company, ServiceTitan, had a successful US market debut, with its shares rising by 42%. This brought the company's valuation to $8.97 billion. The strong performance can be attributed to positive equity markets, anticipated low interest rates, and a promising economic outlook. ServiceTitan joins a group of venture capital-backed companies, including Reddit and Rubrik, that have recently gone public. The success of ServiceTitan's IPO demonstrates increasing investor interest in the public market for IPOs. The company raised about $625 million by selling 8.8 million shares in the offering.
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Ecommerce and fintech firm Bolt lays off 29% of staff
Economic Times
·
1y ago
Medial
Bolt, a US-based e-commerce and fintech company, has laid off 29% of its staff as part of its effort to achieve sustainable growth and efficiency. This comes after a series of previous layoffs since 2022. The company has raised $1 billion in venture-backed capital and was once valued at $11 billion. Similarly, music streaming giant Spotify announced a layoff of 17% of its workforce, affecting over 1,500 employees. Both companies cite the need to optimize operations and navigate economic challenges as reasons for the layoffs.
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Cantor joins hand with SoftBank, Tether for $3.6 billion crypto venture
Economic Times
·
3m ago
Medial
Cantor Fitzgerald has partnered with Tether and SoftBank to launch a $3.6 billion crypto venture named Twenty One Capital, focusing on bitcoin investments. The venture, valued through Cantor Equity Partners, highlights growing institutional interest in cryptocurrency. Offering access to substantial bitcoin holdings, it aims to become a major bitcoin treasury. Tether and Bitfinex will hold majority ownership, while SoftBank will have a minority stake. The initiative will trade on Nasdaq under the symbol XXI.
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