IPOs & Markets
At the previously reported deal size of $2 billion, it would be SE Asia’s biggest IPO so far this year.
Indian lifestyle brand The Souled Store raises $16.4m from Xponentia Capital, others
How cash fuelled TikTok’s meteoric rise in Asia Pacific
Allianz applies to set up new fund management unit in China
Shanghai exchange cancels panel hearing of Syngenta's IPO
Crypto exchange OKX plans to apply for virtual asset licence in HK
More Stories
Indonesian e-commerce startup Dagangan said to be finalising new funding round
China’s Ant Group pumps another $188m into SG digital banking unit ANEXT
[Updated] Ping An exits online telehealth Good Doctor Technology JV with Grab
Domestic capital becomes force to reckon with in Indian PE, VC landscape: Xponentia Capital
Greater China Digest: Aden Financial raises Series A; StanChart sets up VC unit
This will be the second nickel firm in Indonesia to go public this year after PT Trimegah Bangun Persada.
Analysis
Bukalapak posted losses in all quarters of 2022 except Q1.
Venture Capital
The company plans to use the funding for geographic expansion
After the IPO, Harita’s ownership will be reduced to 81.18%.
Policy & Regulations
The possible additions will take the total number of OJK commissioners to 11.
This would be one of the first debt deals by a major bank in Asia since SVB’s collapse.
Deals
A sale could value the Indonesian unit at several hundred million dollars, Bloomberg reported.
This edition also looks at Maribank and BliBli’s wealth management play.
The company may raise $25-30m if the talks succeed.