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...Corporate wellness platform Gympass is rebranding as part of preparations for an initial public offering, after being valued at $2.4bn with backers including SoftBank and EQT....
...The commercial entity and its billionaire backers are distinct from PGA Tour Inc, the tax exempt organisation that administers golf events....
...The company’s major backers include billionaire Jeff Yass’s Susquehanna International Group, Sequoia Capital and its Chinese split-off HongShan as well as Yuri Milner’s DST Global and SoftBank....
...Stripe’s public listing has long been anticipated among venture backers who would be in line for a bumper payout and other start-ups looking for clues as to how they might perform on public markets....
...In an unconventional move, Sequoia and several other private backers of Instacart will buy more shares at the IPO....
...Despite working with McMahon on the UFC merger, Raine has close ties with Emanuel, who was an initial backer of Raine....
...Palantir, led by chief executive Alex Karp and co-founded by Peter Thiel, the tech investor and prominent backer of Donald Trump, became the NHS’s go-to data analytics provider during the pandemic....
...liquidation, a stock market listing converts all preferred stock held by a business’s venture investors to the same common stock held by employees and management, extinguishing the various rights secured by backers...
...His global quantitative trading firm followed up with another $2mn months later, becoming the first big backer of ByteDance founder Zhang Yiming and helping to kick-start a social media revolution....
...Smart reads Unlikely backer Retired hedge fund billionaire Leon Cooperman and a “predatory” cash-advance company had no reason to cross paths, Bloomberg reports. Then came a private credit fund....
...TripAdvisor, the internet company whose backers include media mogul Greg Maffei, recently held a vote to move to Nevada, which unaffiliated shareholders overwhelmingly rejected....
...Just 20 funds accounted for more than half of the $448bn raised by private equity, with investors concentrating on firms with records of returning cash to their backers....
...His global financial firm followed up with a further $2mn months later, becoming the first big backer of ByteDance founder Zhang Yiming and buying itself a stake in a Chinese company now worth about $40bn...
...Investors’ excitement about the new wave of generative AI has fuelled a rally in the shares of Microsoft, which is the biggest backer of OpenAI, the maker of the popular AI-powered chatbot ChatGPT....
...US venture capitalists are sitting on $311bn in unspent cash, as they shy away from risky bets on Silicon Valley start-ups and concentrate on finding ways to return capital to their own backers....
...Liberty’s backers include SoftBank and Saudi Arabia’s sovereign wealth fund....
...Microsoft kicked off a flood of deals between big tech companies and AI start-ups when it announced a $10bn investment in OpenAI last year, becoming the biggest backer of the makers of AI-powered chatbot...
...Dry powder: US venture capitalists are sitting on $311bn in unspent cash, as they shy away from risky bets on Silicon Valley start-ups and concentrate on finding ways to return capital to their own backers...
...This was something its previous backer Macquarie had taken full advantage of, pulling £2.7bn in dividends from the business in its 10 or so years of ownership....
...It has strong backers, including Tencent and Alibaba. Costs are rising for US delivery groups. Protections for gig workers are increasing through such measures as minimum earnings guarantees....
...Led by chief executive Alex Karp and co-founded by Peter Thiel, the tech investor and prominent backer of Donald Trump, Palantir became the go-to data analytics provider for the NHS during the coronavirus...
...How many other start-ups will be able to count on their early-stage backers for this kind of support when the moment of truth comes on Wall Street?...
...South Korea and elsewhere, negotiated the deal with a group of debtholders who held most of a term loan owed by Farfetch, according to a disclosure filing.The investment group Greenoaks, an early Coupang backer...
...The edtech company, which delayed reporting a $560mn loss in its 2020-2021 year, has suffered the resignation of its auditor Deloitte and of three board members representing its backers....
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