Alzheimer's drug developer Probiodrug, the backers of which include Biogen Idec, has set the range for a proposed initial public offering in the Netherlands.

Life sciences company Great Basin, which closed a $7.6m series D round featuring Hitachi Chemical in April, has raised more than $8m from its initial public offering.

South Africa's largest e-commerce platform Kalahari is to merge with competitor Takealot in a bid to win back some of the market from large foreign rivals.

Auto rental company eHi has filed for an initial public offering in the US, less than a year after raising $100m in a round led by online travel service Ctrip.

Various members of the corporate venturing industry have contacted Global Corporate Venturing to say they are concerned about proposed changes to European competition law. The European Commission recently consulted on a white paper which could chill venture investing by corporates in Europe.

Universities will need to hold a stake of at least 51% in their spin-outs.

A Supreme Court judgement has rendered the business model of the IAC-backed company, which had raised almost $100m, illegal.

Shree Renuka Sugars will sell a 7.5% stake in the NCDEX, including a 5% holding to the National Stock Exchange of India.

The country's securities regulator approved three applications this week but large China-based businesses are increasingly looking west to go public.