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SEC reportedly freezes China-based firm IPOs
U.S. securities regulators have stopped processing registrations of U.S. IPOs and different safety gross sales by Chinese language corporations whereas they craft new steerage addressing the danger of a brand new regulatory crackdown by China’s authorities, in accordance with a Reuters report citing unnamed sources.
Deal movement has reportedly slowed a month after Chinese language regulators banned ride-sharing big Didi from signing up new customers shortly after its blockbuster IPO. That was adopted by crackdowns on expertise and personal training corporations.
Allison Lee, a commissioner on the Securities and Exchange Commission, has additionally reportedly stated that Chinese language corporations listed on U.S. inventory exchanges should confide in traders the dangers of China’s authorities interfering of their companies as a part of their common reporting obligations.
Musk’s Neuralink raises $205M
Vy Capital led the financing, with participation from Google’s GV, DFJ Growth, Valor Equity Partners, Craft Ventures, Founders Fund and Gigafund. The financing brings complete funding so far for the Fremont, California-based firm to $363 million.
• True Magnificence Ventures raises debut fund to again magnificence, wellness manufacturers: True Beauty Ventures L.P. stated Friday that it has closed its debut fund, elevating greater than $42 million to again corporations within the magnificence and wellness house with checks within the $1 million to $5 million vary from seed to Sequence C funding.
The fund is led by co-founder and Basic Accomplice Cristina Nuñez and co-founder and Managing Accomplice Wealthy Gersten. Nuñez brings consumer personal fairness investing expertise from stints at Tengram Capital and L Catterton in addition to magnificence working expertise as an government at Clark’s Botanicals and Laura Geller Magnificence, the agency stated, whereas Gersten brings investing expertise as a former companion at personal fairness companies Tengram Capital, L Catterton, and North Fort Companions.
True Magnificence Ventures has made six investments so far, together with in hair care manufacturers AQUIS and K18 Hair, Gen Z oriented skincare model Kinship, direct-to-consumer CBD merchandise firm Feals, luxurious hair care model Crown Affair, intimacy merchandise model Maude, and a not-yet-disclosed clear make-up model.
Journey and hospitality tech
Exoticca lands $30M for excursions: Barcelona-based Exoticca, a supplier of journey tour package deal offers, reportedly raised $30 million in a funding spherical led by 14W and Mangrove Capital Partners. The financing follows a pointy rise in demand for bookings as extra borders reopen to journey.
— Joanna Glasner
Illustration: Dom Guzman
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