SonaliBasak
Stories by SonaliBasak
SoFi plans takeovers after agreeing to go public through a SPAC merger at $8.7b valuation
SoFi agreed to merge with the SPAC Social Capital Hedosophia Holdings Corp. V.
SoftBank’s WeWork rescue plan said to value startup below $8b
The new figure is a fraction of the $47 billion valuation the startup commanded as recently as January.
Home-share startup Airbnb leans toward direct listing over traditional IPO
A direct listing allows firms to lower underwriting fees as they don’t raise any new capital. Slack and Spotify have taken this route.
WeWork close to hiring JPMorgan, Goldman Sachs to lead IPO
WeWork is expected to award JPMorgan the coveted first - or lead left - position in its syndicate of banks handling the deal.
US Justice Department probes Deutsche Bank in 1MDB deals
Deutsche Bank had helped 1MDB raise $1.2 billion in 2014.
Morgan Stanley CEO says Uber investors need to be patient
Gorman’s bank has faced blame as lead underwriter after Uber plunged following its widely anticipated initial public offering earlier this month.
Morgan Stanley reap millions of dollars in fees for Uber IPO, clients stare at losses
Morgan Stanley pitched wealth management clients a chance to invest in Uber via a fund dubbed New Riders LP.
Warren Buffett slams private equity firms, yet again
Buffett has a history of blasting asset managers for charging high management fees and collecting performance fees on gains that sometimes don’t bea
Blackstone considers minority investment in BC Partners
BC could use the potential cash injection to help develop existing businesses plus new strategies like real estate and credit.
SoftBank’s Misra helps portfolio firms tap debt route to raise cheaper capital
“Debt capital is substantially cheaper than equity capital, we’ll take it any day,” Misra, formerly of Deutsche Bank and UBS, said.
