Private Equity
The company will be led by former Amazon Web Services CEO Adam Selipsky.
1
KKR launches $10b AI infrastructure platform with Kuwait, NVIDIA, Vistra
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Indonesia's IPO drought raises questions about investor confidence
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Indonesia's Danantara unit raises $1.5b in debut dollar bond sale
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PE investors worry over slow exits, weak cash distributions at Berlin conference
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SpaceX raises $75b in largest IPO ever, valued at $1.7t
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Integra Partners commits $6m in debt and equity to PH proptech Lhoopa
Vertex Ventures anchors $6.9m funding in Malaysia’s GreatAsic and other SE Asia deals
Analysis
The IPO trend marks a sharp reversal from previous years.
Policy & Regulations
The sale was a key test of foreign investor appetite for Indonesian assets.
PE firms now hold assets for around 7 years on average, beyond the traditional 3-5 years.
Elon Musk will hold 82% of SpaceX’s voting power after the IPO.
World
Most of Musk’s wealth now rests with SpaceX, where he holds a stake worth roughly $866b.
India
The funding also saw participation from Turner Morrison consortium.
4baseCare has raised nearly $13.4 million in a round led by growX Ventures and Infosys.
The fund has a green shoe option of Rs 250 crore.
Greater China
The deal would rank among the largest China listings in recent years.
