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SPAC, Online Homeseller Opendoor Ready IPO In $4.8B Deal

PYMNTS

Real estate platform Opendoor is set to go public via a merger with blank-check company Social Capital Hedosophia II in a deal that will value the combined company at $4.8 Social Capital Hedosophia II will infuse Opendoor with a $1 billion cash injection. SPACs like Palihapitiya's Social Capital have become popular in recent years.

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Ex-Uber Exec To File $250M SPAC IPO Backed By Former Google CEO

PYMNTS

2) for DPCM Capital Inc. , a special purpose acquisition company or SPAC , with the Securities and Exchange Commission (SEC). There’s a real need for quick, confidential capital and price certainty and for sponsorship in the markets,” he said. Emil Michael filed an S-1 prospectus on Friday (Oct.

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Today In Payments Around The World: Lendify Secures $115M In Funding; Contour Teams With Mphasis On Trade Tech

PYMNTS

In today’s top payments news around the world, Swedish peer-to-peer (P2P) lending upstart Lendify has reportedly secured $115 million of funding, while international trade platform Contour has teamed with information technology (IT) solutions firm Mphasis. The Hong Kong sale is being managed by Citigroup, China International Capital Corp.,

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China-Based IPOs Raised $11.7 Billion In 2020

PYMNTS

The IPO rate for Chinese companies is the highest since Alibaba’s massive market debut in 2014, according to CNBC , citing a new report from Renaissance Capital. and China over trade and security issues. The last big Chinese IPO rush occurred in 2014, when 14 companies, including eCommerce titan Alibaba, raised $25.7

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Venture Capitalists Wary Of Online Lenders

PYMNTS

With an early string of alternative lenders having a tough go of it, startups looking to raise money are having to show how they will avoid the woes of the online lenders before them. While the stocks increased on good earnings in August, CNBC noted the shares are only valued at a fraction of what they were when they went public in 2014.

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U.S. Regulations to Consider When Managing a Cryptocurrency Fund

Perficient

There is good reason for this shift in view; according to Marc Bernegger, co-founder of crypto fund AltAlpha Digital, “after last year’s explosion of crypto hedge funds around the globe, there are now over 400 active funds, excluding those focused on venture capital.” State Regulations.

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ManoMano eComm Platform Snags $139M To Hire 200 Employees

PYMNTS

About €125 million ($139 million USD) was secured for the company’s eCommerce platform of home improvement products and services. Temasek led the funding round, with Bpifrance, Eurazeo, General Atlantic, Piton Capital and Kismet Holdings also participating in this latest funding cycle.

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