Investment firm Hamilton Lane closes $5.6 billion fundraising, exceeds target
Hamilton Lane (NASDAQ:HLNE) raised $5.6 billion as part of its Hamilton Lane Secondary Fund VI, exceeding its initial target, the investment management company said late on Tuesday. The fundraising, the biggest in the firm’s history, saw strong support from a diverse group of new and existing investors with the fund exceeding its $5 billion target, […]
Stocks bask in Nvidia glow, dollar steady
Global stocks hit record highs on Wednesday, driven by a rally in tech shares that has made AI chipmaker Nvidia (NASDAQ:NVDA) the world’s most valuable company, while the dollar stalled as soft U.S. retail sales data suggested rates could fall this year. MSCI’s All-World index was up 0.15% at 805.12, having traded at an all-time […]
Citi bets on Europe despite political uncertainty, regional CEO says
Citigroup is looking to boost its business in Europe despite political instability on the continent spooking investors, the bank’s new head of the region Ignacio Gutierrez-Orrantia said in an interview with Reuters. The U.S. bank, which last year undertook its most significant restructuring in decades, is currently placed fourth in EMEA league tables for M&A […]
Malaysian, Chinese firms sign deals worth $2.8 billion in potential investments
Malaysian and Chinese firms signed agreements on Thursday for potential investments worth 13.2 billion ringgit ($2.80 billion) to collaborate in sectors ranging from oil and gas to education,Malaysia’s trade ministry said. The agreements were made in conjunction with Chinese Premier Li Qiang’s visit to the Southeast Asian country. Malaysia’s trade ministry said the signings it […]
China approves autonomous driving startup Momenta’s US IPO
China’s securities regulator said on Monday it has approved autonomous driving startup Momenta Global Limited’s initial public offering (IPO) in the United States. Momenta plans to issue up to 63,352,856 ordinary shares and list on the Nasdaq Stock Market or the New York Stock Exchange, the regulator said in a statement. China in June granted […]
Golden Goose postpones planned IPO, citing “deterioration” in European markets
Italian high-end sportswear brand Golden Goose has postponed its planned initial public offering in Milan, citing a “significant deterioration” in market conditions following European elections earlier this month and an upcoming snap election in France. The group, which is owned by British private equity firm Permira, added that these trends had impacted the luxury sector […]
Shareholders warn Nippon Steel faces higher decarbonisation costs with U.S. Steel takeover
Nippon Steel’s proposed acquisition of U.S. Steel risks raising decarbonisation costs for Japan’s top steelmaker, an activist shareholder group said, urging the company to address the takeover’s impact on its climate goals. Nippon Steel, the world’s fourth biggest steelmaker, last year announced a $15 billion takeover offer for U.S. Steel, which backed the bid, but […]
Morning Bid: Stocks up as Swiss cut again, BoE eyed; yuan slides
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street returns from its midweek break to find record high stocks still chomping at the bit, with overseas monetary easing in focus as the Swiss cut interest rates for the second time this year and the Bank of England decision […]
Nvidia extends lead as world’s most valuable company, set to add $100bn in market cap
Shares in Nvidia (NASDAQ:NVDA) rose more than 3% in premarket trading on Thursday, further extending its lead over other mega-cap tech firms like Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL). The latest uptick provides yet another boost for NVDA’s market cap, with the chipmaker set to add around $100 to its valuation should it hold onto current […]
Guzman Y Gomez shares jump 36% in biggest Australian IPO this year
Mexican food chain Guzman Y Gomez served up Australia’s best initial public offering debut in three years with its shares leaping more than one-third on their first trading day on Thursday, sending an upbeat signal about investor sentiment. The Sydney startup’s stock began trading at A$29.90 at midday local time (0200 GMT), a 36% premium […]