In today’s briefing:
- 3D Launches Partial Tender Offer on Hankyu Hanshin REIT (8977)
- Quiddity Leaderboard F100/F250 Mar25: High-Impact Intra-Review Additions Possible
- Intercontinental Exchange (ICE): Mortgage Industry Digitization For A Positive Long-Term Trajectory!
- Asia Real Estate Tracker (14-Feb-2025): Bain Capital buys worker housing from Blackstone for $555M.
- MDAI: Pivotal Data Analysis Complete
- WeWork India IPO: A Homegrown Success Story Amid Global Turmoil
- Zenrock: Paving the Path in DMPC
3D Launches Partial Tender Offer on Hankyu Hanshin REIT (8977)
- For the second time in 3 weeks, 3D Investment Partners has launched, unannounced, a Partial Tender Offer for pure investment purposes, for a 10-15% stake in a REIT.
- Last time it was NTT UD REIT Investment Corporation (8956 JP). This time it is Hankyu Hanshin REIT, Inc. (8977 JP).
- The trade last time was to sell NTT UD on the pop and replace with peers. That has worked. The trade is probably the same here.
Quiddity Leaderboard F100/F250 Mar25: High-Impact Intra-Review Additions Possible
- In this insight, we take a look at the potential index changes for the F100 and F250 indices in the run-up to the March 2025 index rebal event.
- We see up to three M&A-related intra-review changes in the next few months.
- Our latest estimates suggest there could be one regular change for the F100 index and at least two changes for the F250 index during the March 2025 rebalance.
Intercontinental Exchange (ICE): Mortgage Industry Digitization For A Positive Long-Term Trajectory!
- Intercontinental Exchange (ICE) reported a record-setting financial performance in 2024, marked by notable increases in revenue, profit, and cash flows, despite various economic and market challenges.
- The company’s adjusted earnings per share reached $6.07, representing an 8% year-over-year increase, while total net revenue climbed to $9.3 billion, reflecting a 6% growth when adjusted for its acquisition impact of Black Knight.
- This acquisition contributed to pushing operating income to $5.5 billion, marking a 10% rise.
Asia Real Estate Tracker (14-Feb-2025): Bain Capital buys worker housing from Blackstone for $555M.
- Bain Capital acquires worker housing in Singapore for $555M from Blackstone, expanding their real estate portfolio in the region.
- Standard Chartered Marketing Shanghai Office Blocks due to BlackRock default, highlighting the impact of financial decisions on commercial real estate.
- PAG successfully raises $4B for APAC real estate fund, demonstrating investor confidence in the region’s property market despite economic uncertainties.
MDAI: Pivotal Data Analysis Complete
- Spectral AI is developing an AI-guided predictive medical device that employs multispectral imaging (MSI) to estimate a wound’s capacity to heal.
- The company is pursuing indications in burn and diabetic foot ulcers (DFUs) with the former receiving support from BARDA & other government agencies.
- Spectral is distinguished by its combination of MSI and AI to improve diagnoses.
WeWork India IPO: A Homegrown Success Story Amid Global Turmoil
- WeWork India Management Ltd (1690124D IN), operating independently, has turned profitable and is preparing for an IPO via an OFS, diverging from its troubled global parent.
- The OFS structure, driven by a revenue-sharing model and a focus on enterprise clients, demonstrates strong operational resilience and an asset-light business model.
- Investors can re-assess risk and growth potential as WeWork India’s strategic shift, improved governance, and profitability offer a compelling alternative to its global counterpart as well as other competitor.
Zenrock: Paving the Path in DMPC
- Zenrock addresses critical blockchain interoperability challenges through its distributed Multi-Party Computation (dMPC) technology.
- While existing cross-chain solutions handle significant volumes, they remain vulnerable to security breaches, as evidenced by recent attacks resulting in losses over $965 million.
- Built on zrChain and zrSign, Zenrock’s dMPC network offers a decentralized, trust-minimized solution for cross-chain communication.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
