Indonesia
Higher interest rates dampen listings in region with fewer big-ticket debuts.
1
Ant Group-owned payments firm 2C2P trims losses by 83% in 2023
2
SE Asian IPO fundraising plunges 60% in first half as Indonesia slumps
3
Thai auto sector reels under subsidies for Chinese EV makers
4
Shanghai launches $14b funds to ramp up IC, AI, biomedicine sectors
5
Private equity giant Apollo pumps $700 million into Sony Music
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L Catterton’s Asia chairman Chinta Bhagat steps down from role
Indosat’s potential sale of submarine cable and fibre assets may attract local bidders
Indonesia’s Volta plans to roll out EV scooters in more SE Asian markets
SE Asian startups left thirsting as funding drought persists into Q2
Chinese generative AI major Baichuan Intelligence snags over $691m in Series A round
Rest of Asia
Timee connects workers seeking side gigs with labour-strapped businesses.
World
The $4.45b IPO values Lineage at more than $18b and is the biggest since Arm’s $4.87b offering last Sept.
The cancellation does not impact GoTo’s ongoing share buyback initiatives approved by the shareholders.
It will offer 2,781 yen per share from July 24 to Aug. 26.
Malaysia
The deal, if it proceeds, could be the largest IPO in Malaysia in nearly eight years.
Greater China
Fourteen HK-listed companies, including L’Occitane, announced moves to delist in H1.
Among the worst hit in Asia were shares of Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker.
Thailand
Company executives were hit with fraud allegations last week.
India
Ola Electric’s last funding round in September, led by Singapore’s Temasek, valued the company at $5.4 billion.