The company will conduct a reverse merger with its shareholder Nevada Iron to float on the Australian Stock Exchange.

Corporate-backed photo app developer Meitu is set to raise $629m in its initial public offering, down from a $1bn target in August and a $800m goal last month.

Dating app Paktor bought a controlling stake in webcasting platform 17 Media, providing an exit to sports media company Le Sports's venturing arm.

PayU has led the round, providing $3.7m, and was joined by existing shareholders Ribbit Capital and Omidyar Network.

RDC, a joint venture between defence companies Rafael and Elron, co-led the round for the incident response technology developer.

Online logistics platform Yimidida has raised capital from investors including GLP.

Legend-backed facial recognition technology developer Face++ has added Foxconn to its shareholders in a $100m series C round.

Wistron has partnered Fenox Venture Capital to set up a $20m investment fund that will invest in technology startups around the world.

The kidney disease treatment developer secured funding from investors including Baxter Healthcare as it looks to market its products by 2018.

CEO Masayoshi Son has said that its joint fund with the government of Saudi Arabia is set to be oversubscribed as SoftBank re-affirms its commitment to invest $10bn in India.