Equity Financing

OpenAI, Now Valued at Over $80 Billion, Launches New Text-to-Video Tool Sora

ChatGPT maker OpenAI reportedly reached a valuation of $80 billion or more after completing a business deal to raise more funds.


Spotify Raises $1 Billion Through Financing Deal

Music streaming company Spotify raises $ 1 billion deal through financing in the form of convertible debt. TPG rounded the funds together with Dragoneer along with other institutional investors. The d..

Marathon Oil plans to sell shares through public offering

Marathon Oil announced its intention to sell 135 million of common shares through a public offering. The ongoing slump in the global oil industry has led many oil firms to undertake the cost-cutting s..

India to Infuse $3.65 Billion of Capital Into Government-Run Lenders

India is about to fund $3.56 billion of capital to govrnment-run lenders because of bad and restricted loans. Banks felt relief as the government is ready to help them when they need the capital...


Latest News

Mitsubishi Motors to raise up to $2.3B in share sale, resume dividend payments
Mitsubishi Motors Corp., which was bailed out by other Mitsubishi companies almost a decade ago, seeks to raise up to ¥241.6 billion ($2.3 billion) in a share sale. The said proceeds will enable it to
Monte Paschi's cash call to be delayed until May 2014 - shareholders
Shareholders of Banca Monte dei Paschi di Siena SpA reportedly sided with main shareholder Fondazione Monte Paschi with regard to postponing the cash call until May of next year.
Monte Paschi's Profumo to mull over a January resignation
A Reuters report said Alessandro Profumo, chairman of Monte dei Paschi di Siena, will be revealing his decision whether to stay or resign from his post at the Italian lender in a January meeting.
Upcoming Monte Paschi meeting spurs tension on cash call
The intention of Monte dei Paschi di Siena's largest shareholder to postpone the planned cash call until the middle of next year has irked Profumo and chief executive officer Fabrizio Viola.
Total sells 15% stake in Congo oil exploration and production unit to Qatar Petroleum International
Petroleum firm Total SA has put up for sale a 15% stake in its Congo oil exploration and production unit Total E&P Congo. The said holding was sold to Qatar Petroleum International for $1.6 billion.
Costain Group Plc exits holding in three joint ventures to UK water firm Severn Trent
UK engineering solutions provider Costain Group Plc exited its minority stake in three joint ventures to publicly traded water utility Severn Trent Plc to raise investment funds and working capital.
Japan to fund Fukushima decontamination via sale of government shares in Tokyo Electric Power Co.
The Japanese government will shoulder the decontamination costs from the 2011 Fukushima nuclear disaster through the sale of its shares in Tokyo Electric Power Co. Decontamination costs are estimated
South Korean flag carrier Korean Air sells S-Oil stake, planes to raise KRW3.5 trillion
Korean Air, South Korea's flag carrier and largest airline, has put up for sale its shares in refiner S-Oil and 13 planes to raise KRW3.5 trillion. Proceeds from the deal will be used to pare its debt
South Korea's LIG Insurance picks Goldman Sachs to advise on stake sale
LIG Insurance Co. has put up for sale a controlling stake of 20.96% in the South Korean non-life insurer to compensate investors for losses sustained after buying debt issued by its affiliate. It has
Kraft Foods Group Inc authorizes stock repurchase worth $3 billion
A $3 billion share buyback program was authorized by Northfield, Illinois-based Kraft Foods Group Inc, the first after the firm turned independent in October 2012.
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