South Korean game developer Krafton Inc prices IPO at top of indicative range, to raise $3.75 billion

On Thursday, South Korean game developer Krafton Inc said, it had priced its initial public offering (IPO) at the top of its indicative range to raise $3.75 billion (4.3 trillion won). Krafton’s shares were priced at 498,000 won compared with a range of 400,000-498,000 won per share. Despite the target cut, it is the second-biggest…

Database software company Couchbase eyes US IPO, valued more than $900M

In a statement database software company Couchbase Inc said, it plans on raising $161 million through an initial public offering, which could see the company valued at more than $900 million. As per its regulatory filing, Couchbase, whose investors include GPI Capital, North Bridge Venture Partners and Accel, plans on selling 7 million shares in…

Taiwanese chip producer Foxconn ramps up interest in EVs, announces deal with Fisker Inc

On Thursday, shares of Foxconn rose by 4.5% after the company announced that it will collaborate with Fisker Inc to produce more than 250,000 electric vehicles a year, starting from late 2023. Over the last 1 year, Taiwan based Foxconn has ramped up interest in electric vehicles and has announced deals with Stellantis NV’s Fiat…

Robinhood allows customers to deposit, withdraw cryptocurrencies

In a statement, online broker Robinhood said, it intends to allow customers the ability to deposit and withdraw cryptocurrencies, including the meme-based dogecoin. Currently, Robinhood, a trading app popular with young investors, allows customers to buy, sell and hold cryptocurrencies including Bitcoin on its platform; however, it does not allow its users to withdraw their…

Clear crypto currency rules urgently required: Hester Peirce

According to a top official from the Securities and Exchange Commission (SEC), a clear cryptocurrency regulatory regime is urgently required with major companies, including Mastercard Inc, Tesla Inc, and BNY Mellon Corp embrace the digital asset class. During an interview, Hester Peirce, a Republican commissioner at the SEC said, while it may be too soon…