Latest news with #capital
Bloomberg
2 hours ago
- Climate
- Bloomberg
Philippines Keeps State Offices, Schools Shut Thursday on Storm
The Philippines is suspending work in government offices and classes in the capital and nearby provinces for a fourth day on Thursday due to a storm, according to the Department of Interior and Local Government. The suspension comes as the weather bureau warned that a tropical depression may bring heavy rains and winds.
Globe and Mail
17 hours ago
- Business
- Globe and Mail
DDC Enterprise Limited (NYSE: DDC) Founder, Chairwoman, and CEO Norma Chu Publishes Shareholder Letter
DDC Enterprise Limited (NYSE: DDC), ('DayDayCook,' 'DDC,' or the 'Company') today issued a corporate update in a Letter to Shareholders from CEO Norma Chu. It has been 60-days since our first 21 bitcoin purchase. Today I'm writing to share an exciting development in DDC's journey to becoming a leading Bitcoin treasury—one that combines disciplined capital management with bold, long-term vision. Earlier this month, we secured a transformative capital commitment of up to $528 million, with an initial funding amount of $53 million to date from esteemed partners like Anson Funds, Animoca Brands, and Kenetic Capital. This achievement accelerated our ability to execute on our Bitcoin accumulation strategy with precision. A Strategic Leap: Filing a $500 Million Universal Shelf (F-3) Today, I'm proud to announce that DDC has taken another decisive step by filing a universal $500 million F-3 shelf registration statement with the U.S. Securities and Exchange Commission. This filing is not about immediate action—it's about ensuring we have the flexibility and readiness to access capital markets efficiently when compelling opportunities arise. In fast-moving markets, agility is everything. The F-3 shelf strengthens our ability to act swiftly, whether for strategic Bitcoin acquisitions, yield optimization, or other value-creating initiatives—all while minimizing dilution and maximizing shareholder value. Our Bitcoin Vision Bitcoin is the most secure, decentralized treasury asset in the world, and our commitment to it is unwavering. With our expanding capital capabilities and operational readiness, I am setting ambitious new targets: 10,000 BTC by the end of 2025 Top 3 Bitcoin treasury company within 3 years This is not just accumulation; it's a strategic mission to position DDC as one of the most significant public Bitcoin treasury vehicles globally. A Disciplined Approach to Growth Our strategy remains focused on value-driven accumulation—leveraging private transactions, derivatives, and yield-enhancing opportunities to build our treasury at optimal cost. Every decision is made with long-term shareholder value in mind. Looking Ahead The steps we're taking today—from securing capital to filing the F-3 shelf—are about preparation. They ensure we're always ready to act in your best interest, turning market opportunities into lasting value. To our shareholders: thank you for your trust. The future we're building is one of scale, innovation, and leadership in the Bitcoin ecosystem. I look forward to sharing more updates as we progress. With conviction and dedication, /s/ Norma Chu Norma Chu Founder, Chairwoman & CEO DDC Enterprise Limited (NYSE: DDC) About DDC Enterprise DDC Enterprise Limited (NYSE: DDC) is spearheading the corporate Bitcoin treasury revolution while maintaining its foundation as a leading global Asian food platform. The Company has strategically positioned Bitcoin as a core reserve asset, executing a bold and accelerating accumulation strategy. While continuing to grow its portfolio of culinary brands, DDC is at the vanguard of public companies integrating Bitcoin into their financial architecture. Caution Regarding Forward-Looking Statements Certain statements in this announcement are forward-looking statements. Investors can identify these forward-looking statements by words or phrases such as 'may,' 'will,' 'expect,' 'anticipate,' 'aim,' 'estimate,' 'intend,' 'plan,' 'believe,' 'is/are likely to,' 'potential,' 'continue' or other similar expressions. Examples of forward-looking statements include those related to business prospects, accumulation of Bitcoin, and the Company's goals and future activity under the financing transactions described above, including the statements on the closings of the offerings and the satisfaction of closing conditions and use of proceeds in the offerings. These statements are subject to uncertainties and risks including, but not limited to, the risk factors discussed in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our Forms 20-F, 6-K and other reports, including a Form 6-K which with copies of the definitive documents related to the above transactions, to be filed with the Securities and Exchange Commission ('SEC') and available at Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law.
Yahoo
18 hours ago
- Business
- Yahoo
London IPO fundraising slumps in blow to UK
Fundraising from London's initial public offering (IPO) scene slumped in the first half of 2025, with just nine initial public offerings (IPOs) raising £182.8m ($246.2m) – raising questions about the fading allure of the UK as a hub for global capital. The bleak figures mark a steady decline from the same period last year, when eight IPOs generated £526.7m in H1 2024. The downturn continued in the second half of 2024, with nine IPOs raising £258m, according to data released by law firm White & Case LLP. London's most significant IPO of 2025 to date came in April with the listing of professional services company MHA (MHA.L), which raised £98m on the Alternative Investment Market (AIM). Read more: How to build passive income However, the City's ongoing struggle to maintain its position as a destination for high-growth tech listings is evident, as major firms like AstraZeneca (AZN.L) and Wise (WISE.L) explore shifting their listings to the US. Reports suggest that AstraZeneca's (AZN.L) CEO is considering relocating the pharmaceutical company's primary listing to the US, while money transfer service Wise (WISE.L), valued at £11bn, plans to follow suit next year. Online fast fashion giant Shein has filed for an IPO in Hong Kong as it struggled to gain the go-ahead from Chinese regulators for a flotation in London. "Shein's listing would have been a boost to the market," Alasdair Steele, corporate partner with law firm CMS, told Reuters. "However, there was never any guarantee that a single large listing would reignite the IPO market." In February, Unilever (ULVR.L) said it had chosen Amsterdam for the main listing of its ice cream business. That follows a string of London-listed companies that have either moved to a different market, such as online betting company Flutter (FLTR.L) Other major companies, such as Shell (SHEL.L), have considered a move. Despite these lacklustre figures, the market recently experienced a boost when Norwegian software giant Visma reportedly chose London over Amsterdam for its €19bn (£16.2bn) IPO. This shift comes at a critical time as London seeks to remain relevant amid global competition for tech listings. London IPO activity could jump from September Despite the challenges, Jonathan Parry, a partner in White & Case's Capital Markets group, sees potential in the UK capital. "The inherent strengths of London, including its deep pools of capital and liquidity, are often overlooked," he said. "As we have seen from high-profile capital raises this year, the London market functions very effectively for companies that have a compelling equity story and a strong management team." In the face of this mixed performance, UK public M&A activity has shown signs of recovery. White & Case data shows that Q2 2025 saw a surge in deal volumes, which tripled to 27 deals compared to 10 in Q1 2025. Furthermore, the total value of these transactions surged 353% to £18.5bn, up from £4.1bn in Q1. This activity was largely attributed to falling interest rates, a stable political and regulatory environment, and attractive valuations on offer. According to Parry, the growing IPO pipeline should pick up once again if the recent turbulence calms down. "This would mark a much-needed boost for the City and be a helpful reminder that London remains both Europe's preeminent financial centre and its largest listing venue," he said. Read more: Jobs data increases odds on Bank of England interest rate cut City investment bank Peel Hunt reported that most UK IPO candidates are waiting until September to decide whether to proceed with listings. The firm also said that sentiment around London listings has started to recover following a dip when US president Donald Trump announced sweeping tariffs in April. In its latest 'IPO Speedometer' report, Peel Hunt stated that the UK IPO market remains "selectively open," with several companies looking at a post-summer "window" to potentially debut on the London Stock Exchange. "While we are still some way from a fully open UK IPO market, and there has been limited recent transaction activity, we do see conditions improving meaningfully, particularly around the broader equity market backdrop, which has turned from a headwind to a tailwind, and investor sentiment, which is increasingly constructive," Peel Hunt wrote. UK weighs changes to IPO rules to attract foreign capital Meanwhile, efforts are under way to streamline London's capital markets. The Financial Conduct Authority (FCA) has confirmed plans to reduce red tape, making it easier and quicker for companies to raise funds. Under new rules, companies listed on the London Stock Exchange will no longer need to publish lengthy prospectuses when issuing additional shares. Also, the time between the publication of initial documents and an IPO is set to be halved. The FCA's new measures will also simplify the process for corporate bond issuance to retail investors, and a new public offer platform will help smaller growth companies raise capital more easily. There are also reports that shares in UK-listed companies could soon be traded 24 hours a day under plans from the London Stock Exchange Group, or LSEG.L, (LSEG.L) to tap into booming demand from night owl traders. The LSEG (LSEG.L), which owns the London stock market, is weighing plans to launch a 24-hour trading platform, according to the Financial Times. This move is seen as a strategic attempt to boost the appeal of the UK's sluggish stock market and attract both overseas investors and younger traders keen on buying British shares at any time of day. The shift in trading patterns, particularly in the US, is reshaping how markets operate. In the US, an increasing number of transactions are being carried out outside traditional working hours by a new wave of Gen Z retail investors using smartphone apps. This has left traditional exchanges exposed to competition, as younger, tech-savvy investors opt for more flexible trading hours. Read more: Why Apple, Amazon and other tech giants are considering bitcoin Cryptocurrency markets, such as bitcoin (BTC-USD) trading, already operate around the clock, making the notion of limited trading hours for traditional equities increasingly outdated. Platforms like Robinhood have also capitalised on this trend, allowing investors to trade stocks during late hours, further adding to the perception that traditional market hours are outdated. At present, London-listed shares only trade between 8am and 4pm. These regulatory changes come at a time when companies in the UK are grappling with increasing uncertainty. A report from EY-Parthenon showed that the number of London-listed companies warning of lower profits has spiked. In Q2 2025, 59 firms issued profit warnings, a 20% increase compared to 49 during the same period last year. EY-Parthenon attributed this rising uncertainty to "rapid and unpredictable policy shifts" that have a "paralysing effect on confidence, decision-making, and spending".Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
19 hours ago
- Business
- Bloomberg
Walleye Joins Multistrategy Hedge Funds Saying No to New Cash
Walleye Capital is pausing taking new cash, joining a string of multistrategy hedge funds turning down investors to avoid being bogged down by size. New York-based Walleye will no longer accept money from new investors after growing assets to more than $8 billion, according to a letter to investors seen by Bloomberg News. Following the capital raising earlier in the year, the firm is taking a pause to allow its 'strategies to settle at their new size,' Walleye's Chief Executive Officer Will England wrote in the letter.
Yahoo
21 hours ago
- Business
- Yahoo
Great Rock Capital Closes $1.1 Billion Leverage Facility with Capital One N.A.
New Capital to Fuel Future Growth WESTPORT, Conn., July 22, 2025 /PRNewswire/ -- Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a senior secured leverage facility agented by Capital One, National Association ("Capital One") that provides over $1.1 billion of capital. This new capital injection will provide Great Rock with financial flexibility to execute on their strategic expansion initiatives. "Great Rock has experienced monumental growth in recent years, and this new capital facility will be a key driver as we achieve new business milestones," said Stuart Armstrong, CEO of Great Rock Capital. "We appreciate the partnership with Capital One and the 17 other bank partners in our facility and look forward to working with them as we continue to support the liquidity needs of middle market companies across North America." "As Great Rock continues its profitable growth trajectory, this incremental capital strengthens our future financial flexibility and ability to support the liquidity needs of our customers," said Brett Goodwin, CFO of Great Rock Capital. "We are excited to work with the new bank group as we build on our firm's strong foundation and utilize this capital to further scale the Great Rock platform." "We are pleased to support Great Rock's continued growth with this new facility," said Dan Tsacoumangos, Managing Director, Capital One Financial Institutions Group. "Their commitment to providing vital liquidity to middle market companies aligns perfectly with our own goals, and we look forward to a successful partnership." About Great Rock Capital Great Rock Capital is an asset-focused commercial finance company that specializes in serving the needs of middle market companies across the United States and Canada. The Company provides fast, flexible, and creative financing solutions that maximize liquidity and provide growth capital. The senior secured credit facilities offered by the firm range in size from $15MM to $150MM and include working capital, term-heavy, and term-only loan structures not provided by traditional commercial lenders. The firm has significant capital commitments from its partners: a private equity business, a large institutional investor, and corporate note holders. To learn more, visit Great Rock Capital Contact:Jenn CroninManaging Director, Marketing and Business Development(203) 557- 6277cronin@ View original content: SOURCE Great Rock Capital Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
