NetEase Inc.’s online education arm, Youdao Inc., begins trading on the New York Stock Exchange on Friday in what is set to be a test of appetite for U.S. initial public offerings by Chinese companies after poor performance this year. Youdao priced its IPO at $17 a...
U.S. buyout firm Blackstone Group said on Monday it had extended the deadline for its offer to buy hotel operator Unizo Holdings to Nov. 6 from Monday. Blackstone said the extension was “to provide additional time” for Unizo to respond to the offer. The firm had told...
Shift away from pounds acts as protection from Brexit-related currency swings US private equity groups buying UK-listed companies have started paying in dollars rather than pounds, in a move that protects them from Brexit-related swings in sterling and passes the risk...
Singapore’s Jungle Ventures said on Wednesday it has raised $240 million from investors, including Temasek Holdings, for a third fund designed to back Southeast Asian startups, highlighting the growing interest in the region’s technology firms. Jungle Ventures’ latest...
L Catterton, the $15 billion private equity firm co-founded by luxury-goods maker LVMH Moet Hennessy Louis Vuitton SE, has closed its third Asia fund to back more retail and healthcare companies across the region. L Catterton Asia 3 had a target of $1.25 billion, but...
