IPOs & Markets
The company is seeking a market value of $13-13.5 billion with the IPO.
The move is a blow to Singapore-listed Noble, which is in the midst of a crucial debt restructuring process and has said it plans to hold a special m
Australia's biggest general insurer has ventures in Malaysia, Thailand, Vietnam and Indonesia in SE Asia.
Etiqa, its insurance unit which operates in Malaysia, Singapore, the Philippines and Indonesia, is said to be worth at least $1 billion.
Temasek would likely emerge as only a minority holder in the Hong Kong airlines.
Richard Elman, the founder, holds about 17.9 percent of Noble.
Techcombank's IPO will be bigger than Warburg Pincus-backed Vincom Retail's IPO last year, which raised about $700 million.
"The biggest asset is our data," AirAsia chief Tony Fernandes said in an interview. "And we're going to monetise that data over a series of joint vent
"It's a market that we think there's a lot of opportunity in," said Jeffrey Perlman, Southeast Asia chief for Warburg.
President Soelistyo also raised the possibility of a dual-listing after Indonesia, but said a decision on where hasn't been made.
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