China’s ByteDance Ltd. is seeking a valuation of $60 billion for TikTok as Oracle Corp. and Walmart Inc. take stakes in the short-video app’s business to address U.S. security concerns, according to a person familiar with the matter. Oracle and Walmart have rights to...
Private equity managers make highly exaggerated performance claims, which should be banned, according to a leading academic who urged US regulators to take swift action to protect investors. During a Securities and Exchange Commission online event last week private...
Last year was an unprecedented one for venture-backed public offerings. Massive, much-hyped listings from companies such as Uber, Lyft and Slack generated a total of $261.6 billion in VC-backed exit value in the US alone, according to PitchBook data, twice as much as...
Rolls-Royce is in talks with sovereign wealth funds, including Singapore’s GIC, as part of a plan to raise around £2.5bn from investors next month, according to three people with direct knowledge of the matter. The UK aero-engine group is working with bankers at...
Washington State Investment Board, Olympia, disclosed five new private equity commitments totaling up to $925 million, spokeswoman Tish Day said in an email. The board, which oversees $145.4 billion in assets including $111.5 billion in defined benefit plan assets,...
