Private Equity
IDP’s board said the proposal “substantially undervalues” the company.
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IELTS exam co-owner IDP rejects "highly opportunistic" Blackstone bid
2
Binance buys $100m stake in Circle, expands partnership
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BDA Partners hires Mizuho's Saurabh Gupta to head Singapore office
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Alibaba shares jump after launch of next-gen AI chip
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China's Z.ai disables AI coding assistant features after security issue
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Korean wealth fund weighs sale of more than $1b of PE stakes: report
Evergreen funds should raise capital responsibly: Pantheon Private Wealth
India’s AMPIN gets equity investment of up to $100m from Norfund
Hong Kong proposes easier rules for deals, spin-offs
Vietnam’s market upgrade could widen IPO exit route for PE investors
Deals
The expanded commercial arrangement has a five-year term.
People
Gupta will also lead BDA’s healthcare and consumer business in Southeast Asia.
Analysis
Alibaba’s HK-listed shares surged 5.1% to their highest in a month on Sept. 20.
Global warnings about frontier AI security risks have been growing.
India
Earlier this year, the Walmart-backed company put its IPO plans on hold.
The boost could also renew focus on the level of market concentration regulators may be comfortable with.
Singapore
The extended round also saw participation from Genedant Capital and an existing investor.
The latest funding will be used to strengthen the company’s technology infrastructure.
Starfish, owned by SoftBank, plans to sell up to 27.61 million shares in the IPO.
