In today’s briefing:
- Grindr Take-Private Talks Heat Up — Why Fortress Could Help Take It Private At $15/Share
- Stocks with Largest Institutional Net Buys as % of Market Cap in 2H25
- SGX FX and BBVA Announce Partnership to Expand Liquidity in The Americas
- Indian Rubber Sector Sees Production Gains, Cooling Imports, Steady Demand
Grindr Take-Private Talks Heat Up — Why Fortress Could Help Take It Private At $15/Share
- Grindr Inc. surged nearly 10% after reports emerged that its majority owners — Raymond Zage and James Lu — are in advanced talks to take the LGBTQ+ dating platform private with debt financing support from Fortress Investment Group.
- According to Semafor, discussions have centered around a potential buyout price near $15 per share, valuing the company at roughly $2.24 billion.
- The timing comes amid a volatile market for tech valuations and follows a period of sustained profitability and accelerating monetization at Grindr.
Stocks with Largest Institutional Net Buys as % of Market Cap in 2H25
- City Developments recorded S$237M net institutional buying, while Advanced Holdings led by percentage with S$6.6M, 54% of market cap.
- LHT Holdings saw S$9.5M net institutional buying, 19% of market cap, with DH Cornerstone Fund acquiring 18.45% interest.
- Institutions net sold S$0.74 billion in 2H25, excluding STI Banks, net buying was S$0.18 billion.
SGX FX and BBVA Announce Partnership to Expand Liquidity in The Americas
- SGX FX and BBVA collaborate to enhance liquidity provision in Latin America, expanding SGX FX’s Americas presence.
- BBVA will establish a distribution engine in the NY4 data centre, providing access to major regional currencies.
- The partnership leverages SGX FX’s network and BBVA’s LATAM expertise, promoting access to reliable liquidity in emerging markets.
Indian Rubber Sector Sees Production Gains, Cooling Imports, Steady Demand
- India’s rubber output in April–July up 4.4% year-on-year.
- Imports fall 7.4% as stocks deplete by 79,000 tons in 4 months
- Domestic auto sector weakness tempers consumption
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