In one of the largest secondary moves in venture history, HSG (formerly Sequoia China) is actively managing its massive position in the world’s most valuable unicorn. The firm is raising a Continuation Fund to roll over maturing stakes in ByteDance, setting a valuation mark of $350 billion to $370 billion. 💰 THE VALUATION SPREAD: Pricing...
After a blistering start to 2026, Wall Street caught its breath on Wednesday. Major indexes finished mixed as investors digested cooling labor data and rotated capital out of yesterday’s high-flying chip stocks into defensive growth sectors. 📊 THE MARKET SCORECARD (Intraday): 📉 MACRO DRIVERS: The Labor Cooling The “Soft Landing” narrative got more data points...
The consolidation of US Regional Banking continues. Shareholders of Comerica and Fifth Third Bancorp have overwhelmingly approved their $10.9 billion merger, clearing the path to create the 9th largest bank in the United States. 📊 THE DEAL SCORECARD: ⚔️ THE ACTIVIST DRAMA (HoldCo vs. The Board): This approval comes despite a fierce campaign by activist...
The “Megadeal” is back, and Goldman Sachs has capitalized to retain its undisputed #1 ranking for 2025. In a year defined by political shifts and the return of “Ubiquity of Capital,” Goldman advised on 32% of the entire global M&A market ($1.48 Trillion in volume), securing the top spot for both deal volume and fee...
In the gold rush of Large Language Models (LLMs), the most valuable player might just be the scoreboard. LMArena (formerly Chatbot Arena) has tripled its valuation to $1.7 billion in just eight months, closing a fresh $150 million funding round. 💰 THE DEAL METRICS: ⚖️ THE STRATEGIC THESIS: Why is a comparison platform worth nearly...
The line between “TradFi” and “DeFi” just got a lot blurrier. Morgan Stanley has filed to launch its own Bitcoin and Solana ETFs, signaling a major strategic shift from “passive facilitator” to “active issuer” in the digital asset space. 🚀 THE DRIVERS: 1️⃣ Regulatory Clarity: Under the new administration, the regulatory fog is lifting. 2️⃣...