IPO

A Go Air plane at Mumbai's domestic airport. Nusli Wadia, the chairman of the Wadia group of companies, is getting ready to sell shares in the carrier.
IPO

Wadia braves rocky IPO market, mounting losses to list Go Airlines

Indian tycoon is focusing on long term as he floats low-cost carrier

24 November 2021
Cloud Village, which claims 185 million monthly active users, posted a net loss of 3.8 billion yuan for the first half of 2021.
IPO

China's NetEase restarts Hong Kong IPO for music streaming unit

Share sale halved amid Beijing clampdown on user data

23 November 2021
A startup event in Bengaluru, left, and the Bombay Stock Exchange in Mumbai: Sensex, India’s benchmark index for public equities, is up 25% since the beginning of the year thanks to investor excitement over tech stocks. (Source photos by Ken Kobayashi and Reuters)
Market Spotlight

Venture capital funds pile into India's startup scene

Country attracts record number of investors as China's appeal dims

22 November 2021
A customer uses Paytm at a restaurant in New Delhi. (Photo by Kosaku Mimura)
IPO

Paytm shares dive 27% after completing India's largest IPO

Stock plunge on debut causes headache for its backer SoftBank

18 November 2021
SoftBank Chairman and CEO Masayoshi Son, who has been an important investor in Indian startups, can now expect to rack up some victories. (Source photo by Kosaku Mimura and SBG)
SoftBank

SoftBank closes in on lucrative gains from India's IPO rush

Paytm and PolicyBazaar IPOs offer respite to Japan's beleaguered investor

15 November 2021
Indonesia's GoTo is attracting more investors. (Photo courtesy of GoTo)
IPO

Indonesia's GoTo raises $1.3bn ahead of local IPO amid tech boom

Fidelity, Permodalan Nasional and Primavera Capital come aboard as new investors

11 November 2021
Paytm, Indian major mobile wallet service provider, claims it has 333 million users.
IPO

Paytm's IPO ends oversubscribed 1.89 times after a bumpy start

India's largest offering pales next to ebullience generated by Zomato and others

10 November 2021
Development of Clover's COVID vaccine was financed by a grant worth up to $360.5 million from CEPI. 
IPO

Chinese COVID vaccine maker Clover Biopharma set for HKEX debut

Company aims to win regulatory approval and begin shipments to COVAX by year-end

4 November 2021
Kakao Pay's listing was delayed twice over regulatory concerns. (Screenshot from Kakao Pay's app)
IPO

South Korea's Kakao Pay shares double in stock market debut

Fintech aims to use IPO proceeds to launch new services, tap overseas markets

3 November 2021
While Nasdaq-listed JD.com has long been seen as one of China's top online retailers, the growth of its fintech arm has been far from consistent.
Caixin

China's JD.com tries to take finance out of its fintech arm

Unit has seen management exodus and staff cuts as it seeks path back to IPO

30 October 2021
Abu Dhabi Investment Authority sees promise in Indonesia's GoTo. (Source photos by GoTo Group/AFP/Jiji and screenshot from ADIA's website) 
IPO

Indonesia's GoTo bags $400 million from Abu Dhabi ahead of IPO

Investment part of fundraising round said to be targeting total of $1.5bn

20 October 2021
Singapore and other nations in Southeast Asia are hosting ever more unicorns as internet economy takes off. (Photo by Ken Kobayashi)
Comment

Southeast Asia hosting more unicorns as internet economy takes off

China's big-tech crackdown likely reinforces global investors' interest in region

15 October 2021
Fueled by an influx of new retail investors and optimism for the country's economic recovery, India's benchmark BSE Sensex index set an all-time high above 60,000 last week.
Market Spotlight

The Great Indian IPO Rush: Investors look to tap a frothy market

Billionaires, venture capitalists and even the government are readying share sales

11 October 2021
Sun Vending Technology, part of Thailand's Saha Group, is expanding the availability of cashless payment. (Photo courtesy of Sun Vending Technology)
Retail

Thailand's Saha Group aims for 20,000 vending machines after IPO

Group company Sun Vending to use funds to deploy cashless machines

9 October 2021
Indian cloud kitchen startup Rebel Foods manages more than 45 brands and runs 450 kitchens globally across 10 countries and regions. (Screen capture from Rebel Foods' Facebook page)
DealStreetAsia

India's Rebel Foods hits valuation of $1.4bn after fundraising

Cloud kitchen startup becomes 31st unicorn in India this year

8 October 2021
Tam Jai plans to expand its Asian store network to 330 outlets from 157 by 2024 with its IPO proceeds. (Photo by Kenji Kawase)
IPO

Noodle shop chain Tam Jai slips 8% in Hong Kong debut

Unit of Japan's Toridoll to use $135m in proceeds for international expansion

7 October 2021
Indian hotel startup Oyo is planning a $1.1bn fundraising on local stock markets. SoftBank Group’s Vision Fund holds a 46.6% stake in the company. (Source photos by Reuters and screenshot from Oyo's website) 
IPO

SoftBank-backed Oyo files for $1.1bn India IPO

Vision Fund to cut stake after hotel startup reveals 69% fall in revenue

1 October 2021
Meesho was founded in 2015 as an online marketplace offering clothes mainly to female resellers, who earn commissions by recommending the products on social media platforms. (Screenshot from Meesho website)
Startups

Indian e-commerce startup Meesho doubles valuation to $4.9bn

Company to focus on scaling business before going public, CEO says

30 September 2021
Thai Beverage brews Chang beer, an ubiquitous brand in Asia.  
Food & Beverage

ThaiBev CEO says beer business IPO still on table

Listing plan hinges on investors' outlook on pandemic

30 September 2021
Real estate and construction together account for almost a quarter of DRC Bank’s corporate loan portfolio.
IPO

Bumpy debut mars $1.2bn Hong Kong IPO of DRC Bank

Evergrande worries dampen interest, casting shadow over deal pipeline

29 September 2021
CNOOC plans to list on the Shanghai Stock Exchange amid U.S. sanctions.
Companies

CNOOC plans Shanghai share sale amid U.S. sanctions

Target to raise $5.4 billion follows high oil price and profit surge

27 September 2021
Insurer FWD has filed for an IPO in the U.S. (Source photos by Getty Images)
IPO

Hong Kong tycoon Richard Li's insurance arm gears up for $3bn IPO

FWD releases prospectus for U.S. share offering

24 September 2021
The International Finance Centre, HSBC headquarters and the Bank of China are seen in Hong Kong.
IPO

Hong Kong proposes SPAC listings, but only for professional investors

Exchange's entry into race for 'blank-check' IPOs shadows Singapore's move

17 September 2021
Coupang has been a moneymaker for SoftBank Group's Vision Fund, but business difficulties and scandals have sent the South Korean company's share price plunging. 
Technology

SoftBank Group sells $1.7bn of shares in South Korea's Coupang

Vision Fund cashes in on some of its lucrative investment in e-commerce company

17 September 2021
Hyundai Heavy Industries plans to invest in green shipbuilding technologies, including ammonia and hydrogen-fueled ships and offshore hydrogen production facilities.
IPO

South Korea's Hyundai Heavy shares soar in stock market listing

Leading shipbuilder sees future in developing green fuel technologies

17 September 2021