IPOs & Markets
Sky Xu has delegated the public aspects of leadership to others.
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GIC announces CIO appointments
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Indonesia's RANS makes blockbuster debut as IPO dream run continues
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IFC proposes $150m loan for New Hope Singapore's feed production growth
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Japan looking to encourage GPIF to boost domestic investment
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Secretive founder may come out of the shadows as Shein prepares to list
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Indonesia’s RANS makes blockbuster debut as IPO dream run continues
Beyond the Buyout: Temasek rewrites LP playbook
Shein was last valued at $66b in May 2023, down from $100b in 2022.
Deals
Global memory makers, including Samsung Electronics and SK Hynix, are ramping up investment.
Tencent, together with Manus’ original investors, is planning to buy the company back for at least $2b.
Huatong is expanding its production capacity in Tanzania and Cameroon.
It is offering 35.6 million new Class A shares at HK$268 each.
A record wave of lock-up expirations after a strong first half for new listings is also casting a shadow.
The GPU designer said proceeds will be used to advance R&D.
Analysis
“For every dollar we invested, we were able to bring in at least $8 of international capital.”
Capital is gravitating towards AI, embodied intelligence, and other deeptech themes.
