Rest of Asia
The deal comes at a time when other mobility startups have faced difficulty raising funding.
Reliance Retail's adoption of digital rupee can become playbook for Asia
Adani crisis ignites Indian contagion fears, credit warnings
Indonesia's eFishery to step up US focus in exports push
Japanese VC Global Brain sets up $39m fund with Meiji Yasuda Life Insurance
SG-based The Parentinc looks to turn profitable next year, even as losses zoom nearly 25% in 2021
Bangladesh B2B startup ShopUp secures $30m debt financing
Singapore’s Blockchain Founders Fund eyes over 200 deals with $75m second fund
BYJU’s fires another 1,200 employees, more layoffs to follow
Indonesian co-working space CoHive declared bankrupt by court
Indonesian warung enabler GudangAda leans on lending, POS services in revenue push
It now aims to sell shares at 875-880 rupiah apiece to raise up to $611m
The top securities regulator will no longer decide on pricing or approve listings, with its role becoming more supervisory.
The firm had previously explored listing in the Chinese mainland.
Berkshire, which started selling BYD shares in late August, has reduced its holding by over a third.
Lufax’s net profit dropped 67% to $190m in Q3 2022 from the same period of 2021.
The size of the deal could increase to $8b if market conditions improve.
The reforms will benefit investment banks and PE funds.
“Once the market stabilises, we will review our capital market strategy,” said the billionaire.
The Pertamina unit plans to offload a 25% stake in an IPO slated for Feb 20-22.