Hedge funds that invested in the blank-check acquisition company that made a $875 million deal to merge with former U.S. President Donald Trump's new social media venture are set to make five times their investment, regulatory filings show.
Philippines' Synergy Grid & Development, majority owner of the country's only electricity grid operator, has narrowed the price range for its share sale, allowing the deal to raise as much as $386 million.
Indian shares slipped on Wednesday, dragged by metal stocks as China's pledge to contain coal prices eased supply worries, while investors eyed corporate commentaries in the earnings season after Hindustan Unilever warned of margin impact.
The meal delivery market is expected to turn to a phase of consolidation in the coming months as players look to adjust operations after the explosive boom in demand served up to them during the COVID-19 pandemic.
Finland-based cloud software firm Aiven has raised $60 million from existing investors World Innovation Lab, IVP and Atomico, giving the firm a valuation of $2 billion, it said on Tuesday.