equity

According to the Korea Herald, Mirae Asset Consulting, a non-financial subsidiary of Mirae Asset Group, will acquire a total of 97.15% equity in the South Korean cryptocurrency exchange Korbit. Korbit stated on July 23 that Mirae Asset Consulting completed the acquisition of 91.7% equity on the 22nd and is expected to acquire the remaining 5.42% equity on the 24th to complete the transaction.Previously, Mirae Asset Consulting announced on the 21st that it would acquire an additional 1,589,900 shares of Korbit for approximately 7.887 billion Korean won, increasing its total holdings from approximately 26,905,800 shares to approximately 28,495,700 shares, with the total investment amount rising from approximately 133.48 billion Korean won to approximately 141.367 billion Korean won. Korbit stated that it will continue to provide existing services, and user deposits and crypto assets will be managed separately in accordance with the Virtual Asset User Protection Act, with Korbit remaining the data controller for personal information, and the purposes and scope of processing remaining unchanged.

According to official news, the closed-end investment company RoboStrategy, focused on robotics and physical AI, announced the completion of a series of private equity issuances, issuing 450,684 shares at a weighted average price of approximately $35.5, raising about $16 million.Among them, RoboStrategy CEO Andrew Kang subscribed to 272,405 shares at a price of $36.71 million, investing approximately $10 million.

According to reports from Jiemian News, the prospectus shows that Changxin Technology has implemented a rare employee stock incentive plan in the semiconductor industry before its listing. The company launched two phases of employee stock ownership plans over four years, granting shares to a total of 6,760 individuals, accounting for 35% of the total number of employees, with a higher proportion of R&D and highly educated personnel. Chairman Zhu Yiming publicly promised to distribute the granted 768 million shares to current employees free of charge within ten years after the company has been listed for 36 months, and he personally committed not to reduce his holdings within ten years after the listing. This initiative aims to retain core talent and stimulate team motivation through a long-term interest-binding mechanism during the lengthy technology catch-up cycle.In terms of performance, benefiting from the AI-driven super cycle in the storage industry, Changxin Technology has achieved a strong turnaround and significant growth. The company expects to achieve revenue of 110 billion to 120 billion yuan in the first half of 2026, a year-on-year increase of more than six times; the net profit attributable to the parent company is expected to reach 50 billion to 57 billion yuan.Previous news: According to the official website of the Shanghai Stock Exchange, Chinese storage giant Changxin Technology disclosed its intention to list on the Sci-Tech Innovation Board and the "Issuance Arrangement and Preliminary Inquiry Announcement" on July 9, officially starting the IPO issuance process on the Sci-Tech Innovation Board. The announcement disclosed that the offline subscription date and online subscription date for the company's new shares are both set for July 16, 2026. The stock code for Changxin Technology/offline subscription code is "688825," and the online subscription code is "787825." This public offering plans to issue approximately 6.688 billion shares (before the exercise of the over-allotment option), while the issuer grants CICC an over-allotment option not exceeding 15.00% of the initial number of shares issued; if fully exercised, the total number of shares issued will increase to approximately 7.691 billion shares.

According to informed sources, Tencent is in talks to become the largest shareholder of the AI entity company Manus.Most existing investors, including Tencent, ZhenFund, and Sequoia China, are discussing supporting a deal with a valuation of $2 billion to withdraw Meta's acquisition.

According to South Korea's Digital Asset, the comprehensive equity exchange date between Naver Financial and Upbit's parent company Dunamu has been postponed again from September 30 to December 31, marking the second delay this year, having previously been postponed from June 30 to September 30 in March.The equity exchange ratio remains unchanged, with 1 share of Dunamu exchanged for 2.5422618 shares of Naver Financial. Dunamu stated that the transaction still requires approval from the Fair Trade Commission for corporate mergers, approval for changes in major shareholders under the Credit Information Act, and reporting of changes in major shareholders under the Specific Financial Information Act, and the progress may lead to further delays or even the transaction falling through.Dunamu also pointed out that legislative discussions on the Basic Law of Digital Assets are progressing, and the content of future regulations may impact the conduct or outcome of the equity exchange.

Founder of Strategy, Michael Saylor, made his first public statement after the release of the digital credit capital framework: "Stronger credit, stronger equity, more Bitcoin." Michael Saylor's declaration seems to provide a motivational explanation for the launch of the digital credit capital framework, which aims to ultimately achieve a strategic logic of holding more Bitcoin by strengthening the credit and equity structure.

According to the Shanghai Securities Journal, multiple private equity industry insiders revealed that they received notifications from cooperating brokerages last night, stating that regulators have requested a suspension of new cross-border TRS (Total Return Swap) scale by managers. According to public information, TRS is a financial derivative that allows private equity firms to obtain the returns (or losses) of an asset without directly holding foreign assets (with principal not leaving the country) by signing a return swap agreement with counterpart brokerages. Since the beginning of this year, due to the impressive performance of the global technology sector, many private equity firms have allocated overseas assets through cross-border TRS.Since May, the China Securities Regulatory Commission and seven other departments jointly issued the "Implementation Plan for Comprehensive Rectification of Illegal Cross-Border Securities, Futures, and Fund Operations," targeting leading cross-border internet brokerages such as Tiger Brokers, Futu Holdings, and Changqiao Securities. As the space for mainland residents to engage in illegal cross-border stock trading shrinks, private equity products using cross-border TRS to allocate overseas technology targets have increasingly attracted capital attention.

According to sources, Meta Platforms' previous acquisition of the AI company Manus for about $2 billion may be reversed due to a request from relevant regulatory authorities in China to withdraw the decision on the transaction. Early investors in Manus are currently planning to repurchase company equity at the approximately $2 billion price originally paid by Meta. This development could allow some original investors to regain control of the company and potential valuation reassessment opportunities.

According to Bloomberg, one of Africa's most valuable fintech startups, Flutterwave, has sold a portion of its equity to blockchain company Ripple to drive the expansion of its payment business and strategic cooperation plans.Flutterwave CEO Olugbenga Agboola stated in an interview that Ripple's investment has valued Flutterwave at $3.3 billion. However, he declined to disclose the specific amount of Ripple's investment and the percentage of shares Ripple holds in Flutterwave.Flutterwave is one of Africa's largest payment infrastructure companies, providing businesses with cross-border payment, collection, and financial service solutions, while Ripple has been increasingly expanding its presence in the global payment network and stablecoin sectors in recent years. This investment is seen as an important move for Ripple to further expand into the African payment market.

According to Chainwire, Nasdaq-listed company Eightco Holdings Inc. (stock code: ORBS) announced its latest asset structure as of June 10, 2026, with a total holding size of approximately $406 million.The specific composition includes: approximately $90 million in OpenAI equity held indirectly through SPV, $18 million in Beast Industries equity, $1 million in Mythical Games equity, 16,278 ETH, 283,452,700 WLD, and approximately $142 million in cash and cash equivalents.OpenAI submitted a confidential S-1 filing on June 8. Eightco board member Thomas stated that OpenAI's future IPO will allow public investors to directly hold shares in one of the most important companies driving the transformation of artificial intelligence.

According to the Wall Street Journal, Citigroup will launch a blockchain platform that allows wealthy and institutional clients to trade tokenized shares of private company equity, initially open only to overseas investors. Citigroup stated that it has negotiated with several large private companies for participation. As star private companies like SpaceX and Anthropic delay their IPOs, Wall Street's demand for private equity allocation is rising. Citigroup previously predicted that by 2030, the market size for tokenized securities could reach approximately $4 trillion, and has already piloted the tokenization of customer deposits for cross-border settlements through Token Services. Recently, it also joined a tokenized deposit network alliance led by JPMorgan, aiming to achieve year-round settlement of large client funds.

According to Bloomberg, digital bank Revolut is planning a secondary equity sale transaction valued at approximately $115 billion, allowing early investors and employees to cash out, with formal processes expected to start as early as this month, although details are still under discussion.Reports indicate that Revolut Chairman Martin Gilbert is meeting with potential investors during the Monaco Grand Prix. If this valuation is achieved, CEO Nik Storonsky will be granted additional shares, potentially raising his holdings to at least $36 billion.In recent years, Revolut has primarily attracted new investors through secondary transactions, having arranged for employee stock sales at a valuation of $75 billion last November, with participants including Coatue, a16z, and Nvidia's venture capital arm.

The General Office of the State Council has released guiding opinions on strengthening regulation, preventing risks, and promoting the high-quality development of private equity investment funds. The opinions mention adhering to goal-oriented and problem-oriented approaches, addressing issues such as the need to improve the access mechanism for the private equity fund industry, inadequate regulation, incomplete systems, insufficient coordination and cooperation among ministries, central and local governments, the failure to implement the responsibilities of some government investment funds and state-owned enterprise investment fund contributors, and the use of some private equity funds as tools for illegal activities, new forms of corruption, and hidden corruption. A system and long-term mechanism for strengthening regulation and preventing risks will be established to promote the development of the industry in a standardized manner and enhance it during development.Uphold functional positioning, coordinate the overall layout, optimize increments, revitalize existing resources, support the excellent and limit the inferior, improve quality and efficiency, and strictly prohibit private equity funds from engaging in illegal activities such as lending and disguised debt. Adhere to classified regulation, implementing "one policy for one category" regulation based on different dimensions such as contributor entities and product types. Insist on regulating both legal and illegal entities, with strict regulation for legal institutions, resolute prohibition of illegal institutions, and severe crackdowns on illegal activities.Promote the revision of the Securities Investment Fund Law. Push for the issuance of judicial documents related to criminal cases involving private equity funds. Formulate regulations for the supervision of private equity fund managers, information disclosure, fundraising, and mandatory custody rules. Introduce standardized arrangements for private equity fund betting agreements. Fully establish a regulatory system for private equity funds that is primarily based on administrative regulation and supplemented by self-regulation.

According to data compiled by institutions, Alphabet (GOOG.O) has initiated an $80 billion equity financing to raise funds for artificial intelligence infrastructure construction, which is expected to become the largest equity capital market transaction in history.The stocks in this joint issuance (including common stock, capital stock, and similar equity mandatory convertible preferred stock) were priced later on Tuesday. Its scale will exceed the approximately $70 billion issuance of common and preferred stock by Petrobras in 2010.The largest single transaction in this deal for Google's parent company—a $40 billion "at-the-market" issuance plan—is expected to launch in the third quarter. Such issuances allow the company to sell shares to the market from time to time without announcement, but it must regularly disclose the amount raised in regulatory filings.

According to PRNewswire, NYSE-listed company SOLAI announced the acquisition of a 51% stake in Singapore-based artificial intelligence company NEURALAND for approximately $9.18 million.NEURALAND focuses on AI node hardware design, software-defined systems, and AI agent technology development, with business covering AI chips, embedded systems, large language model integration, etc. This acquisition will drive SOLAI's transformation from a digital asset mining company to a technology platform centered on AI.

According to the official announcement, Binance has announced the launch of US stock and ETF trading features, supporting trading 5 days a week, 24 hours a day. Users can buy and sell US-listed stocks and ETFs through a single Binance account, starting from a minimum of $5.The announcement pointed out that bStocks holders do not directly hold the equity of the relevant underlying stocks or ETFs, and that related products and services may be subject to restrictions based on region.

According to Reuters, private equity giant Apollo Global Management and Blackstone Group are bringing in more investors for a debt financing deal worth approximately $36 billion to help Anthropic build its artificial intelligence infrastructure.Insiders revealed that this debt financing will be used to purchase Google-customized TPU (Tensor Processing Unit) chips, which will then be leased by Anthropic. Broadcom, which assisted Google in developing the chips, will provide guarantees for the majority of the funds in this transaction.This move is expected to become one of the largest private credit transactions in history and may also be the largest chip financing debt transaction to date. The plan aims to provide computational power support for Anthropic by leveraging Broadcom's creditworthiness.