Rest of Asia
It selected the bottom of the range to minimise volatility of the stock price after the IPO.
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IFC to extend $350m loan to Indonesia’s Linknet to expand broadband network
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India
Walmart will trim its stake in PhonePe by about 12%.
Thailand
The last trading halt was in March 2020 amid COVID-19.
Philippines
Jollibee acquired a 50% stake in the company in 2012.
It could be among the largest U.S. listings by a Japanese firm.
Malaysia
OCBC has been appointed as the issue manager and bookrunner for the planned listing.
The CEO has been arrested under the country’s goods and services tax law.
Weak retail demand weighed on India’s biggest IPO so far this year.
World
The filing could come as soon as March, Bloomberg reported.
PayPay IPO will be the first US listing for a SoftBank-majority business since Arm Holdings.
