Firmus is seeking up to $5bn in its listing on the Australian Securities Exchange, according to Bloomberg, which would make it one of the largest floats the exchange has handled. The figure the company was working with in April was $2bn, at a valuation…
Z.ai, the Chinese model developer listed in Hong Kong as Zhipu, has raised about $5bn in a single move. Roughly $2bn came from placing 21.97 million new shares at HK$714, about 10 percent below the previous close. The other $3bn came from RMB 20.14bn o…
The United Arab Emirates plans to invest €40bn ($46.4bn) in Germany, including in new data centres with a combined capacity of about one gigawatt. The two countries announced the package in a joint declaration on 10 September. UAE President Sheikh Moha…
Shares in Shanghai Enflame Technology closed 179% above their offer price on their first day of trading on Shanghai’s Star Market on Friday. The Tencent-backed AI chipmaker had raised about 6.12bn yuan ($911m) in its initial public offering, Bloomberg …
London startup HelmGuard has raised $7.3m in seed funding. It uses AI agents to check how companies manage security and compliance. Infinity Ventures and Frontline co-led the round, the company said in its funding announcement on 9 September. FinTech C…
Seed Capital has closed its fifth fund at €130mn and will use it to invest outside Denmark for the first time, backing 15 to 17 companies across the Nordics in fintech, AI-driven B2B and, for the first time, cybersecurity. The Copenhagen firm will writ…
TAR has raised a $120m Series A led by Spark Capital at a $1bn post-money valuation. The Austin company builds off-grid power systems for AI data centres. The company announced the round on Thursday. Prior investors Buckley Ventures and Align Fund also…
Motive has secured more than $1.3bn in growth financing from General Catalyst’s Customer Value Fund, the company announced on Thursday. Because of the financing, Motive has withdrawn its previously filed S-1 registration statement for an initial public…
BNP Paribas expects the years-long rally in corporate bonds to break as hyperscalers flood the market, forecasting some $400B of their bond sales next year and a record $3.7T of net fixed income supply. The ECB reached a similar conclusion in August, f…
Euno has raised a $23m Series A led by N47. The startup builds what it calls a context platform for enterprise AI agents. Chief executive Sarah Levy first disclosed the round to Axios Pro, before the company published its announcement on Wednesday. Exi…