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peHUB First Read

This Thursday morning First Read brings you fund news aplenty from Edgestone, Insignia and Truebridge and invites you to enter the mysterious world of venture capital.

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General Catalyst looks for payday with HubSpot IPO

Marketing software provider HubSpot Inc, which has raised about $100 million in venture capital, on Monday registered for an initial public offering. The filing shows that VCs own 66 percent of the company, led by General Catalyst Partners, which owns about 27 percent.

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Mobile security company Lookout pulls in $150 million

San Francisco-based mobile security firm Lookout has closed $150 million in funding. T. Rowe Price Associates-managed funds led the round with participation from Morgan Stanley Investment Management, Wellington Management Company, Goldman Sachs, Bezos Expeditions, Mithril Capital Management, Khosla Ventures, Accel Partners, Index Ventures and Andreessen Horowitz. Allen & Company served as financial advisor on this transaction.

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peHUB Second Opinion

In Second Opinion, Twitter Q2 results are better than expected, Moody’s warns that RadioShack may run out of money next year, Pepe Jeans is up for sale and tornados in Boston aren’t as rare as you think.

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AIP sells Northwest Hardwoods to Littlejohn

Littlejohn & Co. has acquired Northwest Hardwoods from American Industrial Partners. No financial terms were disclosed. Gibson, Dunn & Crutcher and Morgan Stanley advised Littlejohn on the transaction while Baker Botts and Goldman Sachs advised AIP. Headquartered in Tacoma, Washington, NWH is a hardwood lumber maker and distributor.

3i mulls sale, IPO for Finnish telecom unit – Reuters

3i is considering a sale or initial public offering of its Finish telecommunication unit, Eltel Networks, in a deal that may value it about 1 billion euros ($1.4 billion) including debt, Bloomberg reported, writes Reuters. Morgan Stanley and French bank BNP Paribas SA were advising on the sale, according to reports.

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OMAM files for IPO

Boston-based OM Asset Management has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. BofA Merrill Lynch, Morgan Stanley, Citigroup and Credit Suisse Securities (USA) are the lead underwriters. OMAM is the newly formed holding company for Old Mutual‘s US-based institutional asset management business.

PE-backed ServiceMaster rolls out IPO

ServiceMaster Global Holdings, a portfolio company of Clayton, Dubilier & Rice, has launched its IPO after pricing its 35.9 million shares at $17 per share. The stock began trading Thursday on the NYSE under the ticker symbol “SERV.” J.P. Morgan Securities, Credit Suisse Securities, Goldman Sachs and Morgan Stanley are the lead underwriters. Headquartered in Memphis, ServiceMaster is a provider of essential residential and commercial services.

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