The proposed rights issue, at a 90% valuation cut, makes one thing clear: it’s the investors who are calling the shots here.
Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
Limited time offer $125 $99 for 1 year
Temasek is largely considered a sovereign wealth fund because it is set up by the Singapore government and invests in other companies. However, a few factors set it apart from other state investors.
The 13-year-old cloud kitchen company is seeing a massive secondary share sale, after a long, tough phase. How did it attract a sovereign wealth fund and a private equity giant?
The food and grocery delivery company’s idea of providing prescription drugs in 10 minutes is facing resistance from traditional pharma players.