WuXi AppTec and New World Development-backed Adagene has raised close to $140m in its initial public offering after having secured $155m in equity financing.

Amazon-backed Owlet Baby Care has agreed to a reverse merger with special purpose acquisition company Sandbridge for a post-deal valuation of $1.39bn.

The round consisted of a primary and secondary transaction and the latter allowed Xiaomi to fully exit the company and Kunlun to reduce its shareholding.

Asahi Shimbun, Dentsu and Zoshinkai are set to exit the notebook-sharing platform operator in an acquisition of undisclosed size by office products supplier Kokuyo.

The skincare product maker has agreed to pay $36.2m to acquire the customisable beauty supplement provider, having backed the company in 2019.

Caltech spinout Talis Biomedical has raised more than $220m in an initial public offering on the Nasdaq Global Market.

LG makes a quick exit after joining DataFleets' $4.5m seed round in October.

TU Darmstadt spinout Akasol had floated on the Frankfurt Stock Exchange in 2018 and has now agreed to an acquisition by BorgWarner.

NexImmune priced shares at $17 to raise $110m in an upsized offering, enabling Amgen and Pfizer to exit the Johns Hopkins University spinout.

The hearing loss treatment developer has raised more than $127m in its initial public offering that offered exits to Alphabet, GlaxoSmithKline and Regeneron.