Reuters News

Data storage startup Pure Storage taps banks for IPO - Reuters

Pure Storage Inc is making preparations for an initial public offering, including hiring underwriters, one year after a private placement valued the data storage company at more than $3 billion, Reuters News reported.

Restaurant chain Bojangles' files for IPO -- Reuters

Bojangles' Inc, a chicken-and-biscuits restaurant chain in the United States, filed with the country's regulators for an initial public offering of its common stock, Reuters News reported.

Two private equity consortia in talks to buy Informatica, say sources-Reuters

Enterprise software company Informatica Corp (INFA.O) has received offers from two private equity consortia and is negotiating a sale that could value it at between $5 billion and $6 billion, sources told Reuters.

Russia's Fridman forms $16 bln fund to invest in US, European telecoms -FT

Russian billionaire Mikhail Fridman and his Russian partners have come together to create a private-equity-style group that will invest in technology and telecom companies in the U.S. and Europe, the Financial Times reported.

Three bidders shortlisted in race to buy Italy's ICBPI, say sources-Reuters

Three groups vying to buy Italy's Istituto Centrale delle Banche Popolari (ICBPI) have been admitted to the next round of bids, two sources told Reuters, as the sale progresses of the 2 billion euro ($2.2 billion) banking service provider.

Shanda agrees to go private in a deal valued at $1.9 billion-Reuters

Chinese online game developer Shanda Games Ltd said that it has agreed to be taken private by Capitalhold Ltd and its unit Capitalcorp Ltd in a deal valued at $1.9 billion.

Ex-TPG executive alleges partner said he wanted to "smack" him against a wall -- Reuters

TPG Capital was sued on Thursday by its former head of public affairs, who accused the private equity giant of ignoring his warnings that the firm may have violated securities regulations and defrauded investors out of millions of dollars as a result, Reuters News reported.

High-speed trader Virtu Financial to raise up to $314 million in IPO -- Reuters

Virtu Financial Inc (VIRT.O), an electronic trading firm, said it expects to raise up to $314 million in an initial public offering, a year after postponing its first attempt to go public amid a furor over high-frequency trading, Reuters News reported.

Party City expects to raise up to $372 million in IPO -- Reuters

Party City Holdco Inc, the largest U.S. party goods retailer, said it expects to raise up to $372 million in an initial public offering of its shares, Reuters News reported.

Budget carrier Fastjet raises $75 mln to fund African expansion-Reuters

African budget airline Fastjet Plc said it raised gross proceeds of about 50 million pounds ($75 million) through a share issue to fund its expansion and acquire aircraft.