Category: Transactions

Swedish Klarna announced IPOS
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November 13, 2024

Swedish Buy-now pay-later giant Klarna files for IPO in the US!

Klarna, the Swedish buy now, pay later (BNPL) giant, has officially filed for an initial public offering (IPO) in the United States. The fintech company confidentially submitted the relevant paperwork to the U.S. Securities and Exchange Commission (SEC), it said last night. Allegedly, the firm was in talks with banks about a New York IPO and was targeting a $20bn price tag.
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Wildberries CEO Tatyana KimB
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October 2, 2024

Blood and Business: Wildberries Merger Turns Deadly in Violent Clash of Russia’s Elite!

The saga of Wildberries, Russia's leading online marketplace, took a dramatic turn when a proposed merger with the Russ Group sparked a violent power struggle. The conflict pitted co-founders and former spouses Vladislav and Tatyana Bakalchuk against each other, with powerful backers on both sides. Chechen leader Ramzan Kadyrov supports Vladislav, and Dagestan billionaire Suleiman Kerimov backs Tatyana.
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Kraken announced closing of bcm acquisitionU
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September 25, 2024

U.S. Crypto Exchange Kraken Strengthens European Position with Dutch Acquisition Ahead of MiCA!

Kraken, one of the world's leading cryptocurrency exchanges based in the U.S., has recently completed its acquisition of Coin Meester B.V., a prominent Dutch cryptocurrency broker d/b/a BCM. This strategic move marks another milestone in Kraken's European expansion strategy and strengthens its position in the evolving cryptocurrency market landscape under the MiCA regime.
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Revolut founder Nik Storonsky earned a fortune in 2022R
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September 13, 2024

Revolut Founder and CEO Offloads Shares Worth Between $200 to $300 Million!

Revolut founder and CEO Nik Storonsky offloaded a significant portion of his shares in the fintech giant during a secondary offering in August, raising between $200 million and $300 million. This sale still leaves him with a majority stake valued at $8 billion. As Revolut continues to post strong financial results and expand its services, all eyes are on the company’s next move, with an IPO potentially on the horizon.
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Bitwise acquire ETC GroupB
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August 20, 2024

Bitwise Expands Into Europe With Acquisition of Bitcoin ETP Issuer ETC Group!

The US-based Bitwise Asset Management is one of the leading providers of crypto index funds and ETFs. Bitwise has a six-year track record focused solely on crypto and aims to provide investors with professional-grade, rules-based exposure to the crypto asset class through its index funds and ETFs. The company announced the acquisition of London-based ETP issuer ETC Group.
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The NAGA Group of companies in September 2022 explained on FinTelegramN
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August 19, 2024

NAGA Completes Reverse Takeover by Key Way Group!

The reverse takeover of NAGA Group by the Key Way Group, owner of the CySEC-regulated reatil broker CAPEX.com, appears to have reached its final stages. Initially announced in December 2023, the merger has now received regulatory approval, with the companies expecting to close the deal by the end of August 2024. The CAPEX.com client accounts will be transferred to NAGA, the company recently announced.
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Wiz turns down Google offerI
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July 24, 2024

Impressive: Wiz Rejects $23 Billion Google Acquisition, Opts for IPO!

In an impressive move, cloud security startup Wiz has turned down a $23 billion acquisition offer from tech giant Google. Instead, the company is gearing up for an initial public offering (IPO), according to an internal memo from Wiz co-founder Assaf Rappaport, reported by CNBC on Monday, July 22."Saying no to such humbling offers is tough," Rappaport wrote, reflecting on the monumental decision. Here is the story told in a few words.
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Bitcoin halving and crypto bull runG
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July 3, 2024

Genesis Digital Assets Weighs IPO, Signaling Continued Bull Cycle in Crypto Market

Rumors are swirling around Genesis Digital Assets' (GDA) potential Initial Public Offering (IPO). GDA is a prominent US bitcoin mining firm, which once was financially backed by the collapsed Alameda Research of former convicted crypto mogul Sam Bankman-Fried. According to a Bloomberg report, GDA is exploring options for a U.S. IPO, underscoring the ongoing bullish sentiment in the crypto market.
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Robinhood acquired crypto exchange BitstampC
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June 6, 2024

Crypto Takeover: Robinhood to Acquire Bitstamp!

It is the first major acquisition in the crypto sector in 2024. The California-based fintech Robinhood has agreed to acquire the global crypto exchange Bitstamp. This acquisition is set to expand Robinhood’s reach, bringing Bitstamp’s services to retail and institutional customers. Founded in 2011, Bitstamp operates in Luxembourg, the UK, Slovenia, Singapore, and the US. The acquisition, anticipated to close in the first half of 2025, is subject to customary closing conditions and regulatory approvals.
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digital fingerprintP
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May 22, 2024

Plenitude Consulting Acquires Contineo to Address Financial Crime Capabilities!

In a strategic expansion of its financial crime compliance capabilities, Plenitude Consulting has acquired Contineo Financial Risk Solutions Ltd. Contineo, founded in 2017, is known for its specialized advisory services in financial crime compliance (FCC) technology. The company offers expertise in transaction monitoring, customer and transaction screening, model validation, and data analytics.
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Mobvoi IPO disappointedM
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April 24, 2024

Mobvoi’s Hong Kong IPO Falters Amid Market Volatility

Mobvoi, a Chinese AI firm backed by Google, experienced a significant drop in its stock price during its initial public offering (IPO) in Hong Kong, closing down by up to 22%. This downturn marks a rough start for the company in a week that saw similar declines for other Hong Kong debuts. Founded in 2012 by former Google employees, Beijing-based Mobvoi has established itself in the AI sector.
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Former US Treasury Secretary Steven MnuchinG
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March 14, 2024

Geopolitical Power Game: Former U.S. Treasury Secretary Mnuchin Assembles Investment Consortium to Acquire TikTok

Steven Mnuchin, the former U.S. Treasury Secretary, has publicly expressed his intention to spearhead an acquisition bid for the social media platform TikTok. This announcement, made during an interview with CNBC, follows closely on the heels of legislative developments where the House passed a measure that could potentially ban TikTok in the U.S. or force its parent Chinese parent company ByteDance to sell it to an American entity.
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