Munich-based defense tech start-up Helsing has raised €600 million ($693 million) in its latest funding round, boosting its valuation to $12 billion, according to the Financial Times.The round was led by Prima Materia, the investment firm co-founded by Spotify’s Daniel Ek and early tech investor Shakil Khan — both of whom doubled down on their...
Global IPO activity has slowed sharply in 2025, with total proceeds down 9.3% YoY to $44.3 billion, the lowest level in nearly a decade, according to LSEG data as of June 17. The downturn reflects the heavy drag of rising geopolitical risk, renewed U.S. tariffs, volatile equity markets, and higher interest rates.Regional Highlights:🇺🇸 U.S. IPO...
According to the Financial Times, hedge fund giant Millennium Management is in discussions to sell a 10%–15% minority stake in its management company, in a deal that would value the firm at $14 billion.The company is reportedly working with Goldman Sachs’ Petershill Partners to identify potential buyers. Both Millennium and Petershill declined to comment on...
The FTSE 100 closed slightly higher on Wednesday, up 0.2%, as markets digested escalating U.S. trade tensions and corporate developments.🔻 WPP shares plunged 19% — the steepest one-day fall in over three decades — after the ad giant slashed its profit outlook due to client exits, spending cuts, and weak new business in June. The...
As the U.S. approaches the July 9 expiry of Trump’s 90-day tariff pause, bond investors are showing renewed confidence in high-yield debt, diverging from the panic seen after April’s “Liberation Day” announcement.📉 Back in April, high-yield credit spreads hit 2-year highs, but since then have tightened by 149 bps, reflecting stronger market sentiment (ICE BofA...
In the week ending July 2, U.S. equity funds saw their strongest inflows since November 2024, driven by renewed optimism in AI-linked stocks despite looming trade tensions.📊 Key highlights (LSEG Lipper data):$31.6 billion flowed into U.S. equity funds — the largest weekly net inflow since Nov 13, 2024.Large-cap funds dominated with $31.04 billion inflows —...