(Bloomberg) -- Online insurance marketplace Policybazaar has filed for an initial public offering that could raise as much as 60.18 billion rupees ($809 million), joining a growing list of startups preparing to tap capital markets as India’s digital economy booms.The owner of the SoftBank Group Corp.-backed startup has submitted initial documents with the market regulator for what would be the third-largest Indian debut of 2021. It plans to raise up to 37.5 billion rupees via a sale of new share
Citigroup said on Friday it had become the first major global custodian allowed to operate an onshore fund custody business in China, tapping into the country's $19 trillion asset management industry. Citibank (China) Co Ltd obtained the approval from the China Securities Regulatory Commission (CSRC), Citi said in a statement. China is accelerating opening up its capital markets despite rising Sino-U.S. tensions.
While both big banks were beaten down at times in 2020, Wells Fargo has a clearer turnaround story. Can Citigroup persuade investors in the same way?