SoftBank

Breaking: Chinese ride-hailing giant Didi files for US IPO

Didi files for IPO

Chinese ride-hailing giant Didi has filed documents with the U.S. Securities and Exchange Commission for an initial public offering (IPO) on either the Nasdaq or New York Stock Exchange under the symbol DIDI, the company said in a Form F-1.

The form didn’t disclose the number of shares, value of those shares or how much money the company plans to raise through the IPO. Goldman Sachs of Asia, Morgan Stanley, J.P. Morgan and China Renaissance are listed as underwriters.

According to Crunchbase,...

https://www.freightwaves.com/news/breaking-chinese-ride-hailing-giant-didi-files-for-us-ipo

India’s Flipkart said to be looking for $3B in funding

Flipkart, the massive India-based e-commerce site owned by Walmart (NYSE: WMT), is reportedly in talks to raise $3 billion as it prepares for a possible initial public offering.

According to Bloomberg, the company is looking to raise the funds from SoftBank Group, which had previously invested in the company before selling its stake to Walmart in 2018, as well as Singapore’s GIC Pte, Canada Pension Plan Investment Boar and the Abu Dhabi Investment Authority.

The funding would value India’s...

https://www.freightwaves.com/news/indias-flipkart-said-to-be-looking-for-3b-in-funding

Grab closing in on $35B SPAC deal, largest-ever

Southeast Asia ride-hailing company Grab will go public through a special purpose acquisition company (SPAC) in a $35 billion deal that will list the Singapore-based company on the NASDAQ.

The Financial Times reported on Wednesday that the deal with one of Altimeter Growth’s SPACs is expected to be finalized this week. News of the possible deal was covered by Modern Shipper in early March and first reported by The Wall Street Journal.

The latest report said Grab will secure $2.5 billion through...

https://s29755.pcdn.co/news/grab-closing-in-on-35b-spac-deal-largest-ever

M&A radar: major private equity deals in logistics? Don’t hold your breath

One side of the “private equity story + logistics appetite” is here, in a well-written post published last week by The Loadstar – and headed: “Why private equity is into logistics, and here to stay“.
Another less conventional angle, however, in what isn’t a formal rebuttal of the much-appreciated coverage by a special guest from the private equity (PE) world is rather that private equity occasionally flirts with logistics, and when the …

The post M&A radar: major private equity deals in...

https://theloadstar.com/ma-radar-major-private-equity-deals-in-logistics-dont-hold-your-breath/

Uber’s shares sag on report of large sale

Uber has made several moves to tidy the balance sheet and sustain its commitment to Uber Freight

Shares of Uber Technologies (NYSE: UBER) sank 5% Friday on a report that Goldman Sachs (NYSE: GS) is looking to unload 38 million shares in a block trade.

According to a midday Seeking Alpha brief, the shares up for sale are being offered between a range of $53.90 and $56.13, a 4% discount to Thursday’s closing price at the low end of the range.

A potential seller (or sellers) was not identified but the update referenced the likely candidates could include large holders like SoftBank (OTC US:...

https://s29755.pcdn.co/news/uber-shares-sag-on-report-of-large-sale

Google-backed Chinese trucking startup raises $1.7B

Full Truck Alliance (FTA), a Chinese digital freight-matching startup, has raised $1.7 billion from a group of heavy-hitter investors including SoftBank’s Vision Fund, Sequoia, Permira and Fidelity, the Wall Street Journal reported.

The raise, announced on Tuesday, came two years after FTA, known as Manbang in China,  brought in $1.9 billion from investors including SoftBank and Alphabet Inc.’s venture capital fund Capital G.

Formed by the merger of two rival companies in 2017, Full Truck...

https://s29755.pcdn.co/news/google-backed-full-truck-alliance-raises-17b

Against the odds: Flexport – time to hit one out of the park

You may will have read today about Nvidia’s $40bn takeover of ARM Holdings of the UK from SoftBank, which comes just over four years after the JPY/£ currency-led, opportunistic acquisition was struck by the Japanese firm to acquire the chip designer soon after the Brexit referendum in mid-2016.
The deal creates the “world’s premier computing company for the age of AI”, said Nvidia on Sunday.
And seller SoftBank, the vituperated “Nasdaq Whale” – …

The post Against the odds: Flexport – time to hit...

https://theloadstar.com/against-the-odds-flexport-time-to-hit-one-out-of-the-park/

$28bn invested in freight start-ups since 2015 – most in last-mile and B2C

Venture capital funding into the logistics industry has amounted to nearly $28bn since 2015, research from McKinsey shows.
And although US digital freight forwarder Flexport has taken many of the headlines during this period, it is actually the last-mile and B2C logistics sectors that have received the overwhelming proportion of that finance.
Ocean and air freight platforms – in which McKinsey classes Flexport – follow far behind.
And, somewhat surprisingly, given the focus …

The post $28bn...

https://theloadstar.com/28bn-invested-in-freight-start-ups-since-2015-most-in-last-mile-and-b2c/

Today’s Pickup: Samsara introduces driver efficiency scores to help improve driving habits

Samsara introduces driver efficiency scores to help improve driving habits (Photo: Jim Allen/FreightWaves)

Good day,

Industrial internet of things (IIoT) provider Samsara announced the introduction of driver efficiency scores to improve driver behavior and increase fleet safety. Fleets can monitor different driving parameters and use Samara’s fleet efficiency reports to train drivers and reduce fuel consumption, while increasing overall operational sustainability. 

Samara’s report aggregates data across several criteria, including instances of truck idling, speeding, cruise control, coasting, and high...

https://s29755.pcdn.co/news/todays-pickup-samsara-introduces-driver-efficiency-scores-to-help-improve-driving-habits

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