The IGBMC spinout was set up by Satt Conectus and is now seeking a listing in the US with a price range of $15 to $17.

Ionis Pharmaceuticals' stake in the muscular disease treatment developer will be cut in an offering set to raise between $95m and $107m.

Electric aircraft developer Heart Aerospace raised $35m from investors including Mesa Air and United, while several corporates are set to exit remote access software developer Openpath.

Lilith Games helped artificial intelligence software developer Inspir.ai secure $46.3m while Microsoft AI spinoff Xiaoice closed its series A round at a billion-dollar valuation.

Tencent has co-led the digital banking app developer’s series D round, which boosted its overall funding to about $370m.

HSBC and ABN Amro Ventures helped the data analytics software provider complete a series D round reportedly valuing it at a minimum of $800m.

SBI Group backed Tide in a series C round which doubled the overall funding raised by the digital banking platform developer to $200m.

AG2R La Mondiale committed capital to lending platform Younited Credit. The larger round is not surprising as the alternative lending space is experiencing a recovery after the pandemic shock.

Munich Re and Microsoft helped CO2-to-chemicals technology provider Twelve raise $57m while Eli Lilly and Kaiser Permanente-backed CRO dMed-Clinipac secured $50m.

The Mitsui-backed online money transfer service has taken an LSE spot and had a $12bn market capitalisation following its first day of trading.