IPO

Indonesia's geothermal resources are estimated at 27.8 gigawatts, but last year its installed geothermal capacity stood at around 2.3 gigawatts. (Photo by Erwida Maulia)
IPO

Indonesia's Pertamina Geothermal Energy aims for $653m IPO

Company sees 'strategic role' in achieving country's net zero goal

2 February 2023
Grab accounted for 54% of ASEAN’s food delivery gross market value in 2023. (Photo by Dylan Loh)
Food & Beverage

Grab tightens ASEAN food delivery grip despite slowing growth

Singapore-based superapp provider ousts Malaysia, Vietnam rivals from top spots

18 January 2023
Olam last year sold a 35.4% stake in its agribusiness arm to Saudi Agricultural & Livestock Investment, which had valued Olam Agri at $3.5 billion.
Commodities

Olam plans Singapore, Saudi Arabia dual IPO of agricultural arm

Temasek-backed commodity trader hopes to list subsidiary in first half of 2023

10 January 2023
Bottles of Sula wine on display at a liquor store in Mumbai.
IPO

India's largest winemaker generates robust demand in IPO

Sula Vineyards has been tapping growing appetite for its products

14 December 2022
Interest in nickel, a core component of batteries for electric cars, is growing rapidly as demand for EVs rises.
IPO

China nickel producer makes Hong Kong IPO debut amid EV growth

Lygend Resources is raising money to build Indonesia production sites

1 December 2022
Blibli CEO Kusumo Martanto, center, addresses reporters in Jakarta in October. "We hope to increase investor confidence in the technology sector," he said on Nov. 8. (Photo by Nana Shibata)
IPO

Indonesia's Blibli closes flat in market debut after $510m IPO

E-commerce company is the latest to test stock investors' appetite

8 November 2022
Indonesia's Blibli is the latest Southeast Asian e-commerce company to announce plans to go public. (Photo by Yuki Kohara)
IPO

Indonesia's Blibli seeks to raise up to $528m in local IPO

Pioneer in business-to-consumer e-commerce plans market debut next month

17 October 2022
Ying Dai, vice president of CALB, right, poses for photographs at the company's listing ceremony at the Hong Kong Stock Exchange.
IPO

Chinese lithium battery maker CALB finishes flat in Hong Kong debut

City's biggest IPO this year raised $1.29 billion but share-sale market weak

6 October 2022
Hong Kong's IPO market has suffered so far this year, with only $7.7 billion raised by mid-September, the lowest since 2013. (Source photos by Reuters and Getty Images)
IPO

Hong Kong's two biggest IPOs this year sink on trading debuts

Chinese EV maker Zhejiang Leapmotor dives 33.5% after $800m share sale

29 September 2022
Indian startups such as Oyo and Ixigo are gearing up for IPOs. (Source images by Kosaku Mimura and Ken Kobayashi)
IPO

Back to life: Indian startups revive IPO plans

Companies edge toward listings as local stock markets beat overseas peers

28 September 2022
A Leapmotor C11: this year's IPO deal value in Hong Kong is expected to be boosted by Thursday's listing by the Chinese electric vehicle maker.
Market Spotlight

Hong Kong IPOs suffer from business downturn and China tension

Fundraising at lowest since 2013 as lack of policy clarity hits market

26 September 2022
China Vanke's property services unit Onewo posted a 44.2% revenue increase, to 6.85 billion yuan, for the first quarter of 2022.
IPO

Developer China Vanke unit eyes Hong Kong's biggest 2022 IPO

Property services division Onewo Space-Tech Service set for $783 million offering

19 September 2022
Hong Kong insurer FWD Group Holdings, which is planning a local listing, says it expects to make another loss in 2022. 
IPO

Hong Kong tycoon Richard Li's insurance unit revives stalled IPO

Asia-focused FWD Group shelved plans for $3bn U.S. listing last year

14 September 2022
Indonesia's VKTR is gearing up to launch electric buses in 2023. (Source image from VKTR website)
30 August 2022
China's United Imaging went public on the country's Nasdaq-style STAR market on August 22.
Markets

China's United Imaging shares soar 75% in Shanghai STAR debut

IPO of diagnostic device maker biggest this year on tech-focused market

22 August 2022
U.S. House of Representatives Speaker Nancy Pelosi attends a meeting with Taiwan President Tsai Ing-wen at the presidential office in Taipei on Aug. 3. 
Your Week in Asia

Taiwan general budget, JD.com results, Hong Kong's biggest IPO of 2022

Your weekly lineup of Asia's biggest business and political events

21 August 2022
India's government wants to sell off company stakes to raise money for infrastructure. (Source photos by AP; screenshots from Hindustan Zinc, IDBI Bank and Ferro Scrap Nigam websites) 
Finance

India accelerates drive to offload company stakes in rush for cash

Analysts say government will meet key fundraising target despite headwinds

19 July 2022
The share prices of Tianqi Lithium and Noah Holdings initially fell in their market debuts on Wednesday at the Hong Kong Exchange amid a festive ceremony that included the banging of huge gongs. (Photo by Kenji Kawase)
Markets

China's Tianqi Lithium shares ride roller-coaster Hong Kong debut

Price rebounds from over 10% fall to end flat as executives take 'longer view'

13 July 2022
After China's Dalian Wanda ran into financial trouble in 2017, it switched to an "asset-light" business model, relying more on property management fees for revenue. (Photo by Shin Watanabe)
Companies

Dalian Wanda eyes 10% expansion of malls, cinemas

Chinese developer seeks to return to growth ahead of Hong Kong IPO

9 July 2022
U.S. interest rate hikes and the Ukraine war have dampened Japan's IPO market. (Photo by Kosuke Imamura)
IPO

Japan IPOs plunge 30% in biggest drop since 2009

Big floats on hold in first half of 2022 as foreign investment inflows dry up

26 June 2022
Philippine ports and casino billionaire Enrique Razon is aiming to build the world's largest solar power facility. (Source photo by Getty Images) 
IPO

Philippine tycoon Razon eyes up to $473m infrastructure arm IPO

Casino and ports billionaire plans to build world's largest solar power project

21 June 2022
Shanghai's STAR Market has risen as the world's busiest IPO market. (Source photos by Reuters and Tetsuya Kitayama)
Market Spotlight

Asia takes lead even as global IPO market contracts

Companies shelve listing plans amid Ukraine war and monetary tightening

20 June 2022
The assets of VistaREIT, which listed on the Philippine stock market on June 15, include 10 shopping centers and two office towers. (Source photos by AP and screenshot from Vista Mall Taguig's Facebook page) 
IPO

Philippine billionaire Villar's REIT ends first trading day flat

VistaREIT plunges by as much as 9% amid global rout

15 June 2022
Soulgate allows users to create new identities as they share, explore and connect with others. It earns revenue from premium memberships, virtual gifts and voice chats. (Screenshot from Soul App webpage)
DealStreetAsia

Tencent-backed Soulgate withdraws $185m U.S. IPO

Provider of mobile social network app in China offers no reason for move

13 June 2022
The cancellation of Ant Group's IPO in 2020 was a symbolic event in Chinese regulators' clampdown on tech firms. 
IPO

U.S.-listed China stocks tank after Ant IPO revival reports denied

Alibaba, JD.com and Pinduodo suffer big declines

10 June 2022