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Insider Trading

Published 10/04/2022, 06:44
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MARKETS

Market's Prices

Markets: United States 10-Year yields finished the week higher as expectations of accelerated tightening from the US Federal Reserve were stoked by hawkish comments from board member Lael Brainard. As a result, stocks finished the week lower and prevailing US dollar strength weighed on the major currency pairs. The risk-off mood also saw the likes of Bitcoin and Ethereum down 8% and 7% respectively.

DEALS PAY THE BILLS

M&A and Private Equity

Blackstone (NYSE:BX) is considering a $17bn bid for Atlantia SpA (MI:ATL), an Italian infrastructure company.

HDFC Bank, India's largest bank has agreed to buy Housing Development Finance in a blockbuster $60bn deal - HDF is India's largest mortgage lender.

KKR (NYSE:KKR), has raised more than $6.6bn for its latest European buyout fund while Apollo Hybrid Value has raised $4.6bn for its second flagship fund.

JetBlue Airways (NASDAQ:JBLU) has offered to buy Spirit Airlines (NYSE:SAVE) in a surprise $3.6bn deal.

Venture Capital and IPO

Binance.US, has raised a $200m seed round at a $4.5bn valuation led by RRE Ventures, VanEck and others.

Dubai Electricity & Water Authority, has raised $6.1bbn in a blockbuster $33bn IPO, the biggest in EMEA since 2019.

VerSe Innovation, the parent company of Dailyhunt and Josh has raised a fresh $805m Series J round at a $5bn valuation led by CPP Investments.

Shein, a Chinese fast fashion e-commerce company is seeking to raise $1bn in new funding at a $100bn valuation.

TWEET OF THE WEEK

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