IPOs - CybAI news

26 Sep

Singapore Entertainment Firm Neon Is Said to Weigh IPO Next Year

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Immersive entertainment group Neon is considering an initial public offering in Singapore that may raise as much as S$500 million ($389 million), according to people with knowledge of the matter.The company, which is backed by Temasek Holdings Pte.’s 65 Equity Partners, has interviewed financial advisers for a potential offering that could take place as soon as next year, the people said, asking not to be identified as the process is private. A first-time share sale may raise S$400 million to S$500 million, the people said. Source link lol

16 Aug

Software Firm AvePoint Said to Weigh Second Listing in Singapore

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AvePoint Inc. is considering a second listing in Singapore, people with knowledge of the matter said, in a deal that would bring the US infrastructure software firm a step closer to some of its backers in Southeast Asia.AvePoint, which counts Singapore’s 65 Equity Partners among its investors, is working with advisers on a possible listing, the people said, asking not to be identified as the matter is private. The potential capital markets transaction could take place as early as in the next 12 months, the people said. Source link lol

16 Aug

SoftBank Is Picking Stock Winners in India’s Red-Hot IPO Market

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India’s hot market for share sales is delivering wins for Japanese technology investor SoftBank Group Corp., whose own stock has taken a hit from disappointing earnings and a reality check on artificial intelligence.Three firms backed by SoftBank have made solid Mumbai debuts in the past week. Shares of e-scooter maker Ola Electric Mobility Ltd., the biggest of the initial public offerings, have surged more than 60%. Software maker Unicommerce eSolutions Ltd.’s shares are already up more than 80% while baby-products retailer Brainbees Solutions Ltd.’s have gained about 40%. Source link lol

15 Aug

Nvidia-Backed Cohesity Is Profitable, With 26% Revenue Growth

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Data security and management startup Cohesity is profitable and experienced revenue growth of 26% for its latest fiscal year, Chief Executive Officer Sanjay Poonen said in an interview on Bloomberg Television.Cohesity is backed by the SoftBank Vision Fund and Nvidia Corp. The company closed the fiscal year with $549 million in revenue, representing 26% growth from a year prior, Poonen said. It also turned free cash flow positive. Source link lol

14 Aug

Inside the Snowflake-Databricks Rivalry, and Why Both Fear Microsoft

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Secret codenames, pugnacious billboards and deal drama mark the competition for data supremacy Source link lol

14 Aug

FanDuel-Parent Profit Beats, Won’t Match DraftKings Surcharge

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Flutter Entertainment Plc shares soared as much as 11% in extended trading after the company, the operator of the FanDuel online sportsbook, reportedBloomberg Terminal second-quarter sales and profit that beat analysts’ expectations.Flutter, which recently moved its stock listing to the New York Stock Exchange from London, generated revenue of $3.61 billion in the quarter, exceeding estimates of $3.37 billion. Adjusted earnings rose to $2.61 a share, exceeding expectations of $1.70. Source link lol

13 Aug

Intel, Pinched by Losses, Sells Stake in Chip Designer Arm

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Intel Corp., which is slashing jobs and expenses in a bid to turn around the business, sold its holdings in chip technology creator Arm Holdings Plc during the second quarter. The company reported in a regulatory filing Tuesday that it no longer owns the 1.18 million shares it held three months earlier. Based on the average price of Arm’s stock during that period — $124.34 — the sale would have raised about $147 million for Intel. Source link lol

13 Aug

Shein Hires Former EU Official to Bolster Lobbying as IPO Nears

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Shein has enlisted a former top European Union official to bolster its lobbying efforts across the region, taking a more active stance toward potential regulatory scrutiny as it plans a stock market debut in London.The online fashion retailer hired former EU budget commissioner Günther Oettinger as a consultant to help it navigate the bloc’s policy environment, a company representative said. Shein faces a raft of issues including a debate whether to impose customs duties on cheap parcels — a potential game-changer for Shein and other low-cost online retailers like PDD Holdings Inc.’s Temu. Source link lol

09 Aug

Khosla Ventures Backs AI Startup DevRev at $1.15 Billion Valuation

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DevRev Inc., a startup using artificial intelligence for customer support and other tasks, raised $100 million from Khosla Ventures and other investors in round that valued the company at $1.15 billion.Co-founded in 2020 by Chief Executive Officer Dheeraj Pandey, who also helped start Nutanix Inc., DevRev says its offerings use AI to improve the efficiency of employees on support, product and engineering teams. Source link lol

09 Aug

Bridgepoint Said to Explore Takeover Bid for Software Firm Esker

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Bridgepoint Group Plc is considering a bid to take over Paris-listed software provider Esker SA, according to people familiar with the matter.The UK private equity firm has been working with advisers on a potential offer, the people said. Deliberations are ongoing and may not result in a transaction, said the people, who asked not to be identified as the information is private. Source link lol