Analysis
SoftBank plans to raise its investment in OpenAI to $34.7b by end-2025.
1
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2
OpenAI agrees to buy AI startup Neptune to boost model training capabilities
3
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4
SE Asian PE Altair Capital scores third exit from debut fund
5
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The Information reported that OpenAI is paying less than $400m in stock.
IPOs & Markets
Mainland companies accounted for HK’s top 10 IPOs this year.
Private Equity
The firm is stepping up efforts to raise its second vehicle.
Deals
SGX had earlier bid for the ASX, a move blocked by Australia in 2011.
India
Furlenco will use the funds to deepen presence in existing cities and expand into new markets.
The company is seeking a valuation of up to $5.6b.
Rest of Asia
This marked Circulate Capital’s first investment in Malaysia.
Singapore
The fresh capital will be deployed to scale up product development and expand the engineering team.
World
Nelson has been serving as interim chair since October 1 and joined the lender’s board in Sept 2023.
