Monday, August 30, 2021

Ola said to pick Kotak Mahindra Bank, Citigroup for $1 billion IPO

Ola could seek a valuation of more than $8 billion in the IPO and could file its draft red herring prospectus by October, Bloomberg reported. Details of Ola IPO—including size and timeline—could still change as deliberations are ongoing.

from Tech-Economic Times https://ift.tt/2WyraoP

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OpenAI Foundation outlines $1 billion push, expands leadership team

OpenAI has committed at least $1 billion over the next year as part of recapitalisation efforts for its Foundation. The investment is aimed ...