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Li-Backed Hyphen Taps Goldman Sachs to Explore Funding Options
Manuel Baigorri, Bloomberg News Richard Li in Hong Kong in 2017. Photographer: Paul Yeung/Bloomberg , Bloomberg
(Bloomberg) Hyphen Group, a financial technology firm backed by Hong Kong billionaire Richard Li, is exploring funding options including a listing via a special purpose acquisition company and a private fundraising, according to people familiar with the matter.
Hyphen is working with Goldman Sachs Group Inc. to review strategic alternatives and has received interest from potential investors, the people said, asking not to be identified because the matter is private. A transaction could value the company at more than $500 million, the people said.
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Experian Plc, the world's largest credit data firm, faces a potential impact on up to 40% of its revenue if the Biden administration overhauls credit reporting and scoring in the United States, brokerage RBC said on Thursday.
By Tapanjana Rudra (Reuters) - Experian Plc, the world's largest credit data firm, faces a potential impact on up to 40% of its revenue if the Biden a.