SoftBank Group International CFO Alok Sama to step down


Sama’s departure comes against the backdrop of management upheaval at the firm.

Pinterest, Zoom Video debuts set pace for unicorns’ IPO race

Other high-profile companies with plans to go public include Uber, Slack, Postmates Inc., Palantir Technologies Inc. and Airbnb Inc.

Qatar fund QIA buys chunk of $5.6b Manhattan portfolio

The Middle Eastern kingdom ultimately wants to boost its U.S. investments to $45 billion to better balance its holdings.

Uber nabs $1b funding from SoftBank, Toyota for self-driving unit

SoftBank will invest $333 million from its Vision Fund while Toyota and Denso will put in $667 million.

Private equity investors are making bigger bets in Asia’s healthcare sector

Deal value in Asia Pacific in 2018 stood at $15.8 billion, up 77 per cent from $7.2 billion in 2017, per Bain & Co.’s eighth Global Healthcare Private Equity and Corporate M&A Report.

Blackstone to convert from partnership to corporation

Blackstone is hoping the move will boost its share price, which has for more than a decade traded at a discount to traditional asset managers such as BlackRock Inc

Japanese VC firm Globis makes first close of latest fund at $321m

The fund plans to make investments primarily in the digital sector and tap opportunities in new technologies such as AI, IoT and blockchain.

Family tracking app Life360 launches $104m Australia IPO

The deal will value the company at about A$689 million, Life360 said.

Zoom Video raises $751m in IPO, valuation tops $9b

Zoom is one of the few tech unicorns set to go public this year that has made a profit.

Pinterest IPO raises $1.4b as it shuns social media, search engine tag

The IPO values Pinterest at about $12.7 billion. Pinterest’s last valuation, from a private funding round in 2017, was $12.3 billion.