Chinese microblogging site Weibo has cut its offered IPO size after a shaky start taking in only USD286 million from 16.8 million depository shares sold which was far from the expectations on Wall Street.
Deals
Preact receives Series A funding round valued USD4.6 million
Preact announced releasing a new software platform that makes uses of "leading-edge behavioral science, machine learning, and big data analytics" along with receiving a Series A funding round valued USD4.6 million led by Trinity Ventures.
Intel shells out $100M for innovation center in China
Santa Clara, US-based semiconductor chip maker Intel Corp shelled out $100 million to establish an innovation center in China to accelerate the innovation of smart equipment in the Asian country.
US firm WireCo acquires Endenburg to build new crane rope business in the Netherlands
Kansas, US-based wire rope manufacturer WireCo WorldGroup Inc acquired the assets of Gouda, Netherlands-based construction and transport materials supplier Endenburg BV for an undisclosed amount to beef up its delivery system.
Dropbox drops some cash to add Loom and Hackpad
Cloud storage giant Dropbox spent an undisclosed amount to add San Francisco, US-based photo and video cloud storage and smart collaborative tool Hackpad to expand its product offering and improve its auto-upload features.
Latest News
AngelPad has been rearing startups prior to their public debut and today, during its Spring Demo Day, the company would launch 11 startups to a roomful of investors, techies and the media.
Encana Corp has been aiming to get CAD700 million from a planned IPO which was also seen to be the biggest sale of shares since 2010 in Canada's oil and gas industry.
Citymapper has raised USD10 million Series A funding round led by Balderton Capital and other investors including Index Ventures, Greylock Partners and Connect Ventures.
SpringCM announced raising USD18 million led by Goff Capital, Foundation Capital and Square 1 Bank. The announcement was made today adding that the funding round would be used to expand company operations in sales and marketing division.
Lending Club gets new funds valued USD65 million and acquires Springstone Financial for USD140 million, from investors including Wellington Management Company, BlackRock, T. Rowe Price Associates Inc. and Sands Capital
Zoosk has filed with the Securities and Exchange Commission an IPO valued USD100 million, reported TechCrunch.
Melbourne, Australia-based animal therapeutics developer Nexvet Biopharma scored $31.5 million in a funding round from investors and shareholders to expand its product portfolio and clinical program for pets' health.
Irvine, California-based firm Newlight Technologies pocketed $9.2 million in its third funding round to create low-costs plastics from greenhouse gases in a bid to help address climate change.
Gurgaon, India-based online travel agency Yatra.com took home INR140 crore in its fifth funding round led by IDG Ventures India and Vertex Venture Holding to fund future acquisitions.
