Extended Stay America raises USD565 million in IPO

US hotel chain Extended Stay America raised USD565 million in an initial public offering. 4.24 million shares remain in overallotment, which could further raise proceeds to USD649.75 million.


Venezuela's PDVSA to sell bonds to shore up dollar reserves

Petroleos de Venezuela SA is set on selling USD4.5 billion worth of bonds to increase scarce international reserves as well as curb the fastest rising inflation rate in the world.

6Wunderkinder closes USD19 million in Series B funding from Sequoia

Berlin-based task management company 6Wunderkinder raised USD19 million in a Series B funding round to be used for the firm's expansion in the US and business development.

Glencore Xstrata to debut on the Johannesburg bourse

With an expectation of strong demand for its shares in the market, Glencore Xstrata would be making its market debut in the Johannesburg bourse today.


Latest News

Cooper had sought the jurisdiction of the Delaware Supreme Court to rule on the order by Delaware Chancery Court Judge Sam Glasscock III finding no fault on Apollo for the delayed merger.
San Francisco-based alternative payday loans startup LendUp raised USD14 million in its first venture round led by Google Ventures to lend money to people with poor credit.
Warrnambool Cheese and Butter Factory is now the subject of a three way battle as bidders Bega Cheese, Saputo and Murray Goulburn all seek to be the owner of the manufacturer of brands such as Sungold Milk and Great Ocean cheese.
UK-based pet retailer Pets at Home will be put up for an initial public offering by American multinational private equity firm KKR & Co LP. Said listing would be worth GBP1.5 billion.
Virginia-based tech startup FoundationDB raised USD17 million in a financing round led by Sutter Hill to be used for the expansion of its reliable database project.
SmartThings received USD12.5 million in a Series A financing round led by Greylock and Highland Capital for its hub that allows smart devices to communicate with each other.
Hotel chain Extended Stay America Inc raised $566 million after its initial public offering was priced at $20 per share, the mid-point of its expected range.
Murray Goulburn Co-operative Co Ltd, the second-biggest shareholder in Warrnambool Cheese and Butter Factory Co Holdings Ltd, raised its takeover offer for the Australian dairy company to A$505 million ($470 million), trumping Canada's Saputo Inc's bid.
CBRE GROUP SAYS PURCHASE PRICE IS PAYABLE IN CASH, EXCEPT FOR ABOUT $9 MLN PAYABLE IN CBRE COMMON STOCK TO NORLAND SENIOR MANAGEMENT
IntercontinentalExchange Inc's takeover of NYSE Euronext is complete and stock of the combined company will begin trading under the symbol ICE on Wednesday, said the head of ICE, an exchange and clearing house operator.