By Cindy Silviana
Indonesia’s IDX and OJK are working to amend IPO rules, that require companies to be profitable within two years of listing.
The company, which broke even in 2017 and expects to be profitable in 2018, has plans to raise around $1 billion in the IPO
The ride-hailing company will not sell its Advanced Technologies Group “at this time,” he said.
It filed with the Hong Kong Exchange less than a month after it raised a $110-million Series round led by TPG and Orchid Asia.
Danish billionaire Anders Povlsen has pledged to buy at least 10 per cent of the company.
Despite being a major player in shipping, seaport and maritime services, Vinalines’ business activities have continuously recorded losses since 2008.
Singapore-based L Catterton Asia acquired a majority stake in GXG in 2016.
Maoyan Weying was valued at $2.9 billion in November last year when it raised 1 billion yuan from Chinese internet giant Tencent Holdings.
Fosun reorganised its businesses in 2016, creating Fosun Tourism Group and paving the way for the latter’s listing plan.
Backed by IDG Capital, Trustbridge Partners, GGV Capital, and CMC Capital Partners, LAIX introduced the English language app Liulishuo in 2013.