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Crypto firm FTX Trading raises $900 million at $18 billion valuation

By Syndicated Content Jul 20, 2021 | 12:12 PM (Reuters) -FTX Trading Ltd said on Tuesday it had raised $900 million from investors including SoftBank Group Corp and Sequoia in a funding round that valued the owner of the FTX.COM cryptocurrency exchange at $18 billion. The round saw participation from more than 60 investors, such as private equity giant Thoma Bravo, venture capital firm Ribbit Capital, Daniel Loeb’s Third Point and the Paul Tudor Jones family. The latest funding rou...
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Source: wsau.com

EMEA Morning Briefing: Stocks to Edge Higher But -2-

Provided by Dow Jones Crypto Exchange FTX Valued at $18 Billion in Funding Round Cryptocurrency exchange FTX has raised money at an $18 billion valuation, a deal that shows investors enthusiasm for digital currencies even after a crash that erased half of bitcoins value over the past three months. FTX raised $900 million in a new funding round that closed Tuesday. Participants in the round included Japanese technology investor SoftBank Group Corp., Silicon Valley vent...
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Cybersecurity firm SentinelOne valued at nearly $11 billion in public debut

3 Min Read (Reuters) -Shares of security software provider SentinelOne Inc jumped 21.4% in their U.S. stock market debut on Wednesday, giving the company a market capitalization of nearly $11 billion. Slideshow ( 4 images ) Its shares opened at $46 and finished the day at $42.5, above their initial public offering (IPO) price of $35, indicating investors’ interest in fast-growing software companies in a week flooded with IPOs. SentinelOne sold 35 million shares to raise about $1.23 billion in...
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Universal, the world's biggest record label, heads for an IPO

M USIC FANS have had to get used to seeing stars perform via video-link, and the same was true of the big performance held on June 22nd to decide the future of Universal Music Group. Shareholders in Vivendi, the record label’s parent company, tuned in to the annual general meeting to chorus their near-unanimous approval of a plan to spin off Universal as an independent firm. The label will launch as a solo act on the Amsterdam stock exchange in September. Listen to this story Enjoy more audio...
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The Third Point creates Vivendi's participation as universal suffrage arrives

The Third Point creates Vivendi’s participation as universal suffrage arrives Activist investor Third Point has built a stake in Vivendi, a media group controlled by French billionaire Vincent Bolloré, as a shareholder vote on a plan to launch Universal Music Group. A well-known New York hedge fund led by Daniel Loeb has built a “prominent” position in the French media conglomerate in recent months, a source familiar with the fund said. Vivendi said he had no information about participa...
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