Blackrock-Backed Rivian Files for IPO Seeking $70bn Valuation

Blackrock-Backed Rivian Files for IPO Seeking $70bn Valuation

Electric vehicle maker Rivian said it has confidentially filed paperwork with regulators for an initial public offering, setting the stage for a blockbuster year-end market debut as it looks to tap into a red-hot IPO market in the U.S. Rivian, which counts Amazon.com...
BlackRock Faces Key Test in Booming $15tn China Market

BlackRock Faces Key Test in Booming $15tn China Market

BlackRock is gearing up for the first test of Chinese investor appetite for its own mutual fund products, more than 15 years after entering the world’s most promising wealth market. The company’s new China unit is launching its debut product just two months after...
Sobi Targeted by Advent For a Potential Acquisition

Sobi Targeted by Advent For a Potential Acquisition

Advent International, a private equity firm based in Boston, Massachusetts, is considering a buyout deal for drugmaker Swedish Orphan Biovitrum. Advent has approached other buyout firms including Permira in an attempt to lead a consortium for the acquisition of the...