AsiaTechDaily – Asia's Leading Tech and Startup Media Platform

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 […]

Health & Bio — 19 Jun 2023

Adicon, a Chinese diagnostic laboratory company, has announced its plan to raise approximately $52.29 million through a global offering in its upcoming Hong Kong listing. As part of its upcoming Hong Kong listing, the company intends to issue 33.2 million shares, priced at HK$12.32 per share. The global offering will include about 10% of the […]

Featured — 27 Oct 2021

India-based online beauty and cosmetics retailer, Nykaa is now looking to expand its services in Europe and the Middle East as it gears up for an initial public offering later this month. Nykaa, owned by FSN E-commerce Ventures limited has witnessed a gradual recovery in its consolidated GMV since the peak of the pandemic, according […]

Featured — 10 Sep 2021

India-based hotel chain OYO has raised its authorized share capital to Rs 901 crore ($122M) from Rs 1.17 crore ($160,000) ahead of its initial public offering. Oravel Stays Pvt. Ltd. that runs OYO Hotel and Homes has given its consent to the resolution to expand OYO’s authorized share capital as per the ROC (Registrar Of […]

Featured — 4 Sep 2021

SoftBank-backed Indian ecommerce platform Snapdeal is considering an IPO that could raise $400 million. With this Snapdeal will join the growing list of startups that are preparing to tap the capital markets as India sees a boom in the digital economy. The company is in talks with its advisers about the potential listing in Mumbai […]

Featured — 24 Jul 2021

Online Food Delivery platform Zomato went public with its IPO on July 14th. With an ambitious target, even considered an overvaluation by experts, the company has gained a lot of traction in the market. Despite its loss-making status and a lot of talk regarding the 72-76 rupee price point of the stock, many investors are […]