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Clearly, Chinese VCs want to see what the full outcome of Chinese legislation will be on Chinese tech groups before raising more money. The amount of money raised in IPOs this year has reached $8.8 billion, already surpassing the totals of the past three years though it’s only August. At the current pace, 2021 would exceed the all-time record of $11.8 billion. Founders, bankers, lawyers and advisers are racing to cash in on fervent demand for fresh public offerings. Source: Bloomberg

Palantir Technologies has increased the size of its portfolio of SPAC assets to well over $300 million. Palantir revealed $250 million in commitments to a group of ten companies through June 30 in its June quarter financial filling with the Securities and Exchange Commission. Source: Barron's

India is experiencing a boom in tech start-ups that cater to the nation’s still fledgling Internet market, and regulators have recently made it more appealing for them to list shares at home. They’ve raised $8.8 billion in local IPOs so far in 2021, and the pipeline for the rest of the year includes digital-payments service Paytm and beauty products e-commerce site Nykaa. Source: Bloomberg

Egypt wants to take the first steps toward selling a part in the state corporation that built its new capital city early next year, in what might be the country's largest-ever IPO. President Abdel Fattah El-Sisi announced on Saturday that the corporation had liquid assets of 100 billion pounds ($6.4 billion) and total holdings of up to 4 trillion pounds. Egypt's benchmark stock index mostly underperformed regional and global peers this year, partially reflecting investor's appetite for the nation's fixed income over its equities. Source: Bloomberg

Robinhood is making its first acquisition as a public company. The trading platform said on Tuesday that it had agreed to buy Say Technologies in its entirety for $140 million in cash. Aparna Chennapragrada, Robinhood's chief product officer, announced the partnership in a blog post. It is uncertain when the deal will be completed. Source: Barron's