#Thiel-backed psychedelic drugmaker valued at .2B in Nasdaq debut

#Thiel-backed psychedelic drugmaker valued at $3.2B in Nasdaq debut

“#Thiel-backed psychedelic drugmaker valued at $3.2B in Nasdaq debut” Shares of Atai Life Sciences, backed by billionaire investor Peter Thiel, surged 40 percent in their U.S. stock market debut on Friday, giving the German psychedelics startup a market capitalization of $3.19 billion. The Berlin-based biotech startup, which is exploring the use of psychedelic treatments for mental illnesses,…

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#Uber rival and Chinese ride-hailing giant Didi files for IPO

#Uber rival and Chinese ride-hailing giant Didi files for IPO

“#Uber rival and Chinese ride-hailing giant Didi files for IPO” Didi Chuxing, China’s biggest ride-hailing firm, on Thursday made public its filing for a US stock market listing, setting the stage for what is expected to be the world’s biggest initial public offering this year. The company – backed by Asia’s largest technology investment firms, SoftBank,…

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#Pershing Square in talks to buy 10 percent of Universal Music

#Pershing Square in talks to buy 10 percent of Universal Music

“#Pershing Square in talks to buy 10 percent of Universal Music” Billionaire investor Bill Ackman confirmed Friday that his blank-check company Pershing Square Tontine Holdings is in talks to buy a 10-percent stake of Universal Music Group for about $4 billion. The transaction would value the Vivendi-owned Universal Music, which is the home to singers…

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# Binance-backed Indonesian crypto exchange considers IPO

# Binance-backed Indonesian crypto exchange considers IPO

“# Binance-backed Indonesian crypto exchange considers IPO ” Jakarta-based crypto exchange Tokocrypto is considering a public market debut over the next two or three years, Nikkei reports Wednesday. “I’m saying two years because we need to be profitable for at least more than two years before listing. We are already profitable now. Our key focus…

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#Oatly headed for IPO valuing it over  billion

#Oatly headed for IPO valuing it over $10 billion

“#Oatly headed for IPO valuing it over $10 billion” Shares of Swedish oat milk brand Oatly soared nearly 30 percent during the company’s public market debut Thursday. The stock began trading around 11:45 a.m. ET at $22.12, about 30 percent above the IPO price, giving the company a valuation of $13.1 billion. The Malmo, Sweden-based…

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