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Deals — 9 Apr 2024

Indian food delivery platform Swiggy has undergone a corporate transformation, transitioning from a private limited entity to a public limited company, according to reports. The company’s decision to change its status was formalized through filings with the Registrar of Companies (RoC), indicating a strategy ahead of its anticipated initial public offering (IPO) later this year. […]

Deals — 25 Jan 2024

Oyo Hotels & Homes Pvt., the Indian hotel-booking company backed by SoftBank Group Corp. and on the verge of an IPO, is currently discussing with Malaysia’s sovereign wealth fund, Khazanah Nasional Berhad, for a funding round.  Sources reveal that Oyo aims to raise close to $400 million to fuel its expansion efforts and address existing […]

Deals — 5 Jan 2024

Shares of Robosense Technology, a Chinese developer specializing in laser imaging, detection, and ranging (LiDAR) sensors for autonomous vehicles, experienced a 2% decline on its debut on the Hong Kong stock exchange, marking the first new listing of 2024. The company, backed by Alibaba, disclosed that it had raised HK$985.12 million ($126.14 million) through its […]

IPO & Markets — 28 Dec 2023

Brainbees Solutions, the parent company of the well-known online retailer FirstCry, has officially filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on December 28, signaling its intent to go public.  The Pune-based company aims to generate Rs 1,816 crore through a primary issue outlined in the DRHP. […]

Deals — 18 Dec 2023

Philippines-based Citicore Renewable Energy Corp, a major player in the country’s solar power sector, has officially applied to an initial public offering (IPO), seeking to raise up to 12.94 billion pesos ($231.9 million).  The IPO involves the sale of approximately 3.335 billion shares, including an over-allotment option, priced at up to 3.88 pesos ($0.07) per […]

IPO & Markets — 22 Nov 2023

Singapore-based Carro, a prominent online automotive marketplace in Southeast Asia, is actively engaging in discussions with potential investors to secure a funding round exceeding $100 million. According to a senior executive from the unicorn, the move is strategically timed as the company contemplates a potential listing in the United States within the next 18 months.  […]

IPO & Markets — 7 Nov 2023

Fast-fashion giant Shein is preparing for a U.S. initial public offering (IPO), aiming for a valuation as high as $90 billion, according to sources familiar with the matter. This valuation target exceeds the company’s current private trade value. Shein, established in China in 2008, has been leveraging data analytics to forecast customer demand and produce […]

IPO & Markets — 27 Oct 2023

Indonesia’s J&T Express experienced a 1.33% dip in its stock price during its debut on the Hong Kong Stock Exchange. Although the second-largest public offering of the year for J&T Express, The logistics service provider’s shares initially traded at HK$12, but started Friday’s morning session at HK$11.84, equivalent to $1.51.  The firm is among Asia’s […]

IPO & Markets — 12 Oct 2023

Courier startup J&T Global Express is preparing for an initial public offering (IPO) in Hong Kong to achieve an approximately $13 billion valuation.  The company, which originated in Indonesia and has since expanded its footprint across Southeast Asia and China, had initially aspired to raise $1 billion in its IPO. However, after discussions with potential […]

IPO & Markets — 25 Aug 2023

VNG, Vietnam’s first unicorn, will become the country’s first technology company to list in the US publicly. Sources cited by Reuters reveal that VNG had initially entered a preliminary agreement with NASDAQ in 2017 to explore the possibilities of an IPO.  According to Reuters, Vietnam’s VNG has announced its intention to raise $150 million through […]

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