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Fever-Tree Founders Sold £18 Million of Shares Due to Demands From Investors

Fever-Tree founders have reportedly sold their shares worth £18 million in total as a result of demands by investors. However, they claim to still be sticking with the business and still have the majority of their shares.

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The 12th China Development Forum

Aramco’s Investment Plan In India Aims To Diversify Saudi Economy Reducing Dependence on Oil Prices

Minister Al Falih, head of Aramco, has expressed intention for investment in India’s oil industry. The intention has been revealed following its earlier decision for selling less than 5% stake of Aramco through IPO. All the moves have been analyzed as parts of Saudi bid to diversify its economy while reducing dependence on oil prices.

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The UJA-Federation of New York Wall Street Dinner

Paul Taubman earns $75.5 mln as annual award disclosed first time

Former Morgan Stanley banker Paul J. Taubman has received $75.5 million compensation in his first year as Chief Executive Officer at PJT Partners Inc. Taubman led the investment bank as a publicly traded company.

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China's Central Bank Lifts 2nd Home Mortgage Down Payment

Zheshang Bank Co. Postpones Gauging Demand for $1 Billion Hong Kong IPO

Due to some investors' difficulty in transferring their cash out of mainland China, Zheshang Bank has decided to postpone their $1 billion Hong Kong IPO.

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Key Speakers At The TechCrunch Disrupt SF 2015 Summit

Battery Ventures XI Closes Pair of Funds Raising $950 Million

Battery Ventures X has been closed in February 2013 with a fund of $900 million. Now, the Battery Ventures XI is going to be closed at $950 million, surpassing the predecessor funds. A large number of venture firms are expecting to receive funds in 2016, which may be good or bad news for some institutional investors.

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Morgan Stanley Reports 55 Percent Increase in Quarterly Profits

Morgan Stanley to increase staffs in Japan

Morgan Stanley intends to hire additional bankers in 2016 in order to contend with its rival Nomura. The company failed to present the exact number of staffs being hired.

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New York City Exteriors And Landmarks

Elevate Credit, VC-backed Online Lender, Postpones Its IPO

The subprime online lender company Elevate Credit delays its IPO scheduled on Thursday. Teetering market has been the main reason of the postponement and high risk of online subprime lending service.

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SAUDI-DESERT-OIL-ARAMCO

HSBC and JPMorgan Well Ahead In ARAMCO IPO Race

State-owned Saudi Arabian Oil Co. (ARAMCO) is possibly going for an IPO aiming to raise funds for $1 trillion to $10 trillion. Some shares of the IPO may be awarded among the local banks and investors following ARAMCO’s action plan. However, experience in banking operations in the kingdom is believed to play the key role for selection which put HSBC and JPMorgan well ahead in the IPO grabbing race.

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Airbnb

Airbnb confirms $1.5 billion fund raising round

Airbnb, the US home-sharing startup, has confirmed closing of $1.5 billion fund-raising round. The latest closure of fundraising puts the unicorn startup at staggering valuation.

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Petco

CVC and Canadian Pension Plan near deal to buy Petco for $4.7B

CVC Capital Partners and Canadian Pension Plan Investment Board (CPPIB) are in the advance stage of closing the acquisition process for the takeover of Petco for $4.7 billion.

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Brokerage house

Asian stocks tumble as commodity fall continues on thin volumes

Asian stocks dropped on low trading volume as commodity producers followed fall in industrial metals and crude oil. Investors and institutions are in the wait and watch mode ahead of US Fed's meeting in December.

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Facebook

Marc Andreessen sold $160 million worth of his Facebook Shares

Respected investor and web-browser pioneer, Marc Andreessen who is also the owner of a joint venture firm, Andreessen Horowitz had sold nearly 75 percent of his stake in Facebook ahead of the holiday season. According to the regulatory filings, the total shares sold by Andreessen is about $160 million.

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Air India

IndiGo's IPO demand towers over $460 million offer

The first share sale made by an Indian airline in six years has gone on to receive bids that were 6 times more than the $460 million target set by the company. The company that held an IPO was InterGlobe Aviation Ltd., an air transportation services company with headquarters in Gurgaon, India.

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Sergio Marchionne (R)

Ferrari shares rev up in market debut but shift to low gear a week later

Fiat Chrysler Automobiles (FCA), the Italian-US automobile company being the parent company of Ferrari, floated to the public 17.18 million shares accounting for nearly 10% of Ferrari at $52 a share at its IPO at the NYSE.

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Twitter

Twitter CEO earns brownie points with stock giveback

Twitter CEO Jack Dorsey gives away a third of his stock in the online messaging service to employees. The move, seen by many as an effort to win staff support, comes just a week after Dorsey laid off more than 300 employees or 8% of Twitter's workforce to streamline the company.

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