Deals & IPOs

The new fund, to be set up with state investment firm Temasek, will help “promising high-growth” companies raise capital through public listings in Singapore.

Hong Kong biotech company Prenetics is going public through a merger with Artisan Acquisition — a SPAC backed by Adrian Cheng, CEO of New World Development.

Mastercard has agreed to acquire blockchain analytics start-up CipherTrace, in the latest sign of how major companies are warming to cryptocurrencies.

JPMorgan plans to buy a majority stake of close to 75% in Volkswagen’s payments business.

Chinese President Xi Jinping announced Thursday a new stock exchange in Beijing would launch soon.

Singapore’s stock exchange began allowing SPACs to list Friday, a move which it hopes will draw more firms to raise funds amid a stagnant IPO market.

Robotics firm Blue Prism has become the latest in a line of British companies to attract the attention of U.S. private equity firms.

Uber is selling shares in several joint ventures that it has with Russia’s Yandex for $1 billion in cash.

Sustainable shoe maker Allbirds said it has lost money since its inception and expects it will continue to be unprofitable for the foreseeable future.

SenseTime did not disclose the size of the IPO but is pushing ahead with a listing even as China tightens regulation for the country’s technology industry.

Razer is having internal discussions on whether to pursue a listing in the U.S., CEO Min-Liang Tan said.

The brand, which is best known for selling lower-priced, fashion-forward prescription glasses, is preparing to debut on Wall Street.

Salad chain Sweetgreen announced Tuesday that it has bought Spyce, a Boston restaurant company that made a name for itself with its automated kitchen.

The U.K.’s Competition and Markets Authority says it found “significant competition concerns” with the Nvidia-Arm deal.

The Chinese firm behind the purchase of Newport Wafer Fab has admitted that the acquisition could be unwound as the U.K. government reviews the takeover.

Tilray shares rose in extended trading Tuesday after it announced it invested in Medmen for $165.8 million.

Chime has raised a fresh $750 million to value the fintech company at $25 billion, a $10 billion jump in valuation from its last round less than a year ago.

Entain, a U.K.-based gaming company, is investing in Unikrn, an esports betting start-up.

The retail conglomerate has bought other struggling brands, such as Brooks Brothers, Aeropostale and Forever 21.

Li Auto sold shares at 118.00 Hong Kong dollar per share, raising the company 11.6 billion Hong Kong dollars ($1.49 billion).