Reuters News

Etsy IPO prices at top of range, values retailer at $1.78 billion -- Reuters

Etsy Inc's initial public offering has been priced at $16 per share, a market source told Reuters, valuing the online retailer of handmade goods and craft supplies at about $1.78 billion, Reuters News reported.

Virtu's IPO set to land, a year after postponement-Reuters

Shares of Virtu Financial Inc (VIRT.O), an electronic market maker that postponed its IPO a year ago amid the furor over Michael Lewis' book "Flash Boys," are slated to begin trading on Thursday in a possible sign that public angst over "high-frequency" trading is waning, Reuters reported.

Buyout house Doughty Hanson drops fundraising efforts-Reuters

European private equity firm Doughty Hanson is to drop its current fundraising efforts, and will instead focus on its remaining portfolio, the buyout firm said on Tuesday.

Aduro Biotech IPO priced at $17 per share, says underwriter-Reuters

Aduro Biotech Inc's initial public offering has been priced at $17 per share, an underwriter said, valuing the cancer immunotherapy drug developer at about $1 billion.

Canadian e-commerce software maker Shopify files for IPO-Reuters

Shopify Inc, a Canadian e-commerce software maker, filed with U.S. regulators for an initial public offering of Class A common stock in Canada and the United States, Reuters reported.

JPMorgan says banks may be making 'bad loans' as LBOs boom: Reuters

JPMorgan Chase & Co is concerned about loans that finance some leveraged buyouts, and is scaling back from what is a booming area, even as its overall loan portfolio grows, a top executive said in an interview.

Private equity firm Abraaj appoints MENA investment head-Reuters

Emerging-markets focused private equity firm Abraaj Group has appointed Huda al-Lawati as a partner and chief investment officer for the Middle East and North Africa region, it said on Wednesday.

CPPIB cries foul over Saskatchewan farm review: Reuters

The Canada Pension Plan Investment Board (CPPIB) said it is concerned about the Saskatchewan government's decision to temporarily ban certain institutional investors from buying farmland in the province, Reuters reported. In 2013, CPPIB purchased the Saskatchewan cropland assets of Assiniboia Farmland for $128 million.

Baidu invests in Israeli music technology start-up Tonara-Reuters

Music education technology company Tonara said on Tuesday it raised $5 million in a funding round led by China's dominant search engine Baidu and Israel's Carmel Ventures.

Builders FirstSource to buy ProBuild Holdings for $1.63 bln-Reuters

Builders FirstSource Inc, a U.S. supplier of residential building products, said it would buy privately held ProBuild Holdings LLC for $1.63 billion in cash.