IPO

Indonesia had the most IPOs in Southeast Asia and raised the greatest amount between January and June. (Photo by Ken Kobayashi)
IPO

IPOs in Southeast Asia keep growing despite global headwinds

Companies capture demand for EVs and green energy as decarbonization progresses

19 July 2023
A Wanda movie theater in Yichang, Hubei province. Lu Lili, wife of the owner of financial information provider East Money Information, buys the stake saying she believes in "the company's long-term investment value."
Caixin

Wanda sells $307m stake in cinema unit amid liquidity pressure

Group also seeks to unload other assets as repeated delays hit crucial IPO

17 July 2023
Shanghai-based CloudMinds develops AI-powered robots for cleaning, delivery and fully-automated product vending in places such as restaurants, hotels and supermarkets. (Source photo by AP, logo from Cloud Minds website)
DealStreetAsia

Chinese AI-powered robot developer CloudMinds raises $138m

Funding comes amid report of Hong Kong IPO as early as this year

10 July 2023
Copper and gold miner Amman Mineral Internasional is the latest Indonesian resource company to test investor appetites by listing on the stock market. (Photo by Ismi Damayanti) 
IPO

Amman Mineral closes up 3.5% after Indonesia's biggest 2023 IPO

Copper and gold miner raised $709m, eyes demand boost from clean energy

7 July 2023
Viva, the Philippine company that owns the VivaMax streaming app, is considering listing its holding company as early as 2024. 
Media & Entertainment

Philippine entertainment group Viva considers $250m IPO in 2024

Proprietor of popular VivaMax app aims to become a Southeast Asia player

7 July 2023
Rakuten Group has reported four straight years of red ink due to the struggling mobile business.
IPO

Rakuten to list brokerage arm as mobile losses strain finances

Japanese e-commerce group faces billions of dollars in bond repayments

6 July 2023
Funds raised on the Hong Kong stock exchange are down significantly from just a few years ago.
Finance

Chinese IPOs lose some of their shine for U.S. investment banks

Goldman Sachs, Bank of America exit 3 Hong Kong listings in one month

23 June 2023
Anindya Bakrie, president commissioner of VKTR Teknologi Mobilitas, speaks during the company's first day of share trading at the Indonesia Stock Exchange on June 19. (Photo by Ismi Damayanti)
IPO

VKTR, BYD's Indonesian partner, closes up 11% in stock debut

Bakrie group subsidiary preparing local assembly of electric buses and trucks

19 June 2023
Swiss-headquartered Syngenta agreed to a takeover by state-owned ChemChina in 2017.
IPO

Syngenta's $9bn IPO approved by Shanghai Exchange

Chinese-owned agricultural group plans 4th-biggest float in mainland

16 June 2023
"This year so far, there has been only one biotech IPO," in Hong Kong, says Serena Shao, founder of Ascendum Capital. "It's not performing very well, the market is still struggling." (Source photo by Getty Images and logo from Ascendum Capital's LinkedIn page)
DealStreetAsia

Hong Kong biotech IPOs face 'tough' 2023: Ascendum Capital founder

Serena Shao, also managing partner, says foreign investors backing out of market

14 June 2023
People attend a Dalian Wanda Group media event in Beijing in 2017. 
Caixin

China's Wanda unit seeking Hong Kong IPO told to explain its business

Securities regulator asks Zhuhai Wanda for information on transactions with shareholders

9 June 2023
Cinema XXI is Indonesia's largest theater chain. (Source photo by Getty Images and logo from Cinema XXI's website)
DealStreetAsia

Indonesian movie chain Cinema XXI operator eyes up to $300m in IPO

Company seeks to complete initial public offering by early next year, sources say

5 June 2023
SoftBank Group Chairman and CEO Masayoshi Son has expressed confidence in Arm's growth prospects.
IPO

Arm's IPO filing fuels speculation of SoftBank going private

Listed chip designer could replace Alibaba as a fundraising avenue

2 May 2023
Cainiao’s headquarters in Hangzhou, the capital of China's Zhejiang province.
Caixin

Alibaba logistics arm Cainiao gears up for Hong Kong IPO

Move comes as Chinese tech giant divides into 6 units in historic overhaul

22 April 2023
Rakuten Group CEO Hiroshi Mikitani has sought to reassure investors that the costliest part of the company's investments are behind it. (File photo by Getty Images)
IPO

Rakuten Bank, Japan's top digital lender, surges in stock debut

IPO follows successful share flotation by rival Sumishin SBI

21 April 2023
Merdeka Battery Materials is the latest Indonesian company in the resources sector to list on the stock market. (Source photos by Reuters and logo from Merdeka Battery Materials website)
IPO

Indonesia's Merdeka Battery Materials gains 11% in stock debut

Nickel producer's IPO, latest in the country's resource sector, raised $620m

18 April 2023
Japanese company ispace's lunar lander is due to touch down on the northeast of the moon on April 26.
Aerospace & Defense Industries

Japan's ispace shares left untraded during market debut

Bids of over double lunar explorer's offer price found no sellers

12 April 2023
A nickel processing facility operated by Harita Nickel on Obi Island in Indonesia. The company recorded the country's largest IPO so far this year.
IPO

Indonesia's Harita Nickel shares gain 4.4% in market debut

Battery materials producer raised $670m in country's largest IPO so far in 2023

12 April 2023
Indonesia's Merdeka Battery Materials plans to use IPO proceeds to partially fund a new nickel smelter amid increasing demand for the metal in electric vehicle batteries. (Photo by Ismi Damayanti)
IPO

Merdeka Battery Materials puts $1.28bn price on nickel smelter plan

Investment comes as Indonesian company aims to raise up to $580m in IPO

30 March 2023
CEO Noriaki Maruyama says he expects SBI Sumishin's profit growth to double to 20%, now that the company has made all the necessary investments to reach that goal. (Photo by Jun Takai)
IPO

Japan digital bank IPO defies market downturn

SBI Sumishin Net Bank is country's first digital lender to list

29 March 2023
Rakuten Bank is Japan's largest online bank in terms of account holders and deposit balance. (Photo by Toshiki Sasazu)
IPO

Rakuten Bank's Japan IPO seen delivering up to $2.5bn valuation

Group moves to shore up finances after heavy wireless network investments

23 March 2023
Indonesian nickel miner and processor Trimegah Bangun Persada aims to raise nearly $1bn in an IPO amid demand for the metal in EV batteries. Roy Arman Arfandy, the company's president director, stands second from left. (Photo by Ismi Damayant)
IPO

Indonesia nickel miner TBP aims for nearly $1bn in local IPO

Unit of resources conglomerate Harita Group plans April stock exchange listing

17 March 2023
The number of A-shares available to international investors through the Hong Kong-Shanghai-Shenzhen stock connect programs will rise to 3,623 after an expansion.
Caixin

Hong Kong-Shanghai-Shenzhen connect lists add 1,000 stocks

L'Occitane, Samsonite, Yancoal Australia, Cambodia's NagaCorp in first group

7 March 2023
Pertamina Geothermal Energy is the first unit of the state-owned oil and gas giant to go public in many years. 
IPO

Indonesia's Pertamina Geothermal shares end first trading day flat

Nation's wealth fund, Abu Dhabi's Masdar among investors in oil giant's subsidiary

24 February 2023
The China Securities Regulatory Commission has published draft rules under which the registration-based mechanism will be expanded to the main boards of the Shanghai and Shenzhen stock exchanges. 
Caixin

Five things to know about China's latest IPO system overhaul

Rollout to two biggest boards may trigger a new wave of offerings, analysts say

3 February 2023