The company will be listed on Nasdaq after a share exchange with US-based 8i Enterprises Acquisition Corp.
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Digital payments outstrip credit cards in Asia’s race to go cashless
Actis takes over management rights of two Abraaj funds
HK blockchain firm Diginex aims to list on Nasdaq in Q4 via reverse merger
AB InBev searches for Plan B after Asia IPO flop
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Insignia Ventures Partners eyes $150m second Southeast Asia fund
China’s Huawei plans extensive layoffs at its US operations
Warburg-backed Princeton Digital to acquire 70% stake in XL Axiata data centre portfolio
PAG Asia to take over Australian restaurant operator Craveable Brands
This comes just three days after AB InBev shelved its $9.8b listing plan of its Asian business.
A deal could value Youdao at about $2 billion.
It was slated to be this year’s biggest IPO that would surpass Uber’s $8.1 billion share sale.
Foreign investors will be permitted to hold stakes totalling up to 35% in companies trading in Yangon.
The firm was reportedly struggling to secure enough demand from long-term investors.
JPMorgan Chase & Co. and Morgan Stanley are joint sponsors for the Hong Kong share sale.
Its board will meet on 20 July to explore fundraising options.
The company had filed its preliminary prospectus on June 27.
Binance Singapore's platform will enable buying and selling of cryptocurrencies using Singapore dollars.
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