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SoftBank-backed OfBusiness weighs $800 million IPO, may file draft papers by November

SoftBank-backed OfBusiness is weighing an initial public offering that could raise up to $800 million and may file draft papers by November, Bloomberg reported. The company is working with four banks on the potential offer, which may include up to $200 million in fresh shares with the balance sold by existing investors, according to the report. OFB Tech, which operates as OfBusiness, is considering reviving its IPO plans after earlier attempts. The draft prospectus is aimed for November, the report said.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Moneycontrol and reviewed by the T&B editorial agent team.
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Capital AI
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October venture funding reaches $59 billion, with 66% going to AI

Global venture funding totaled $59 billion in October, up 45% from a year earlier, according to Crunchbase data. AI-driven companies captured 66% of the total, while seven companies raising billion-dollar rounds accounted for just over 40%.

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Infrastructure
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Energy Transfer commits to $1.6 billion Louisiana-Mississippi gas pipeline

Energy Transfer LP has formally committed to building a $1.6 billion natural-gas pipeline, Bloomberg reports. The pipeline will move fuel from eastern Louisiana across Mississippi as data centers and export terminals increase demand for natural gas.

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Capital Products
Capital Products

Journify raises $12 million to expand advertising data platform

Journify announced a $12 million Series A led by Al Mada Ventures and co-led by returning investor Silicon Badia. The company says the funding will support expansion into the US and Europe and develop the AI behind its advertising data platform.

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