Investments

IPO
Singapore May List Blank-Check Companies, Or SPACs, This Year
February 18, 2021

The Singapore Exchange, a major stock market in Asia, has reportedly been considering the idea of listing blank-check companies. Now, CEO Loh Boon Chye said in an interview that “if the market is supportive, we hope to be able to do that sometime this year.”...

Investments
South Korean Retail Giant Shinsegae Invests In Singapore’s Grab
February 18, 2021

Signet Partners, the venture capital arm of South Korean retailer Shinsegae Group, has invested an undisclosed amount in the Singaporean super app Grab, The Korea Herald reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

IPO
Coupang’s S-1 Spotlights Logistics Challenges In eCommerce IPOs
February 18, 2021

The great digital shift has sparked a lot of excitement on Wall Street. And a growing number of firms across the globe are joining the fray, bringing shares to public listing in a red-hot market. As reported earlier this month, Coupang filed documents with the Securities...

Investments
Indian Digital Lending Startup KreditBee Raises $75 Million
February 17, 2021

Indian lending startup KreditBee, based in Bengaluru, is coming off a Series C round with $75 million, Mint reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Investments
Credit-Building Platform SeedFi Closes $65 Million Funding Round
February 17, 2021

Financial health startup SeedFi, which helps Americans build credit, save money and make future financial plans, has raised $65 million in funding, according to a press release. The amount comprises $50 million in debt and $15 million in equity. Get the Full Story Complete the...

Investments
Will Smith-Backed Public.com Raises $220 Million For Social Investing Network
February 17, 2021

Social investing network Public.com has raised $220 million in a Series D funding round that was supported by existing investors including Will Smith’s Dreamers VC, Accel, Greycroft, Lakestar, YouTube’s Phil DeFranco and more.  Get the Full Story Complete the form to unlock this article and...

Investments
Kalshi Lands $30 Million Series A To Take Investment Platform Live
February 17, 2021

Silicon Valley online-trading platform Kalshi has closed a Series A funding round for $30 million led by Sequoia Capital, with participation from Charles Schwab, Henry Kravis, SV Angel and previous investors including Neo and YC Continuity.   Get the Full Story Complete the form to unlock...

IPO
China’s eCommerce Giant JD.com Plans IPO For Shipping Division
February 17, 2021

JD.com, sometimes called China’s Amazon, said it plans to take its shipping business public in Hong Kong, Bloomberg reported. The company’s goal is to take advantage of China’s pandemic-triggered eCommerce boom. Sources told Bloomberg that a JD Logistics initial public offering (IPO) could raise about...

IPO
Chinese Retail Solution Platform DMall Ponders Public Filing
February 17, 2021

Chinese retail solutions startup DMall, backed by grocery chain Wumart Group, is considering a plan to file for an initial public offering (IPO), Bloomberg reported on Wednesday (Feb. 17), citing sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...