Australia’s medical cannabis firm AusCann raises $25m via placement

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Based in Australia, AusCann seeks to produce clinically validated cannabinoid medicines.

Asian pension funds cut back on stocks as U.S. and China fight

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Australia’s largest pension manager will cut its equities exposure over the next 12 months, moving more money into fixed income and cash. A Thai fund will avoid developing countries’ shares and bonds, and a Philippines counterpart is balking at investing in its own nation’s stock market.


Indonesian media firm Net Visi plans $14m IPO in August

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The company has already raised 800 billion rupiah in convertible bonds, which will be converted to shares upon listing.


Thailand’s regulator issues new regulations on digital token offerings

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Issuers can only offer tokens to retail investors of up to 300,000 baht ($9,050) each.


Four firms file draft share sale documents with Indian regulator to raise up to $625m

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The biggest IPO is expected from Chalet Hotels Ltd, backed by Mumbai-based real estate group K Raheja Corp. Others who have filed IPO prospectuses include The LaLiT hotel chain owner Bharat Hotels Ltd, Multiples PE backed Milltec Machinery Ltd and business to business (B2B) e-commerce firm IndiaMART InterMESH Ltd.


Chinese-owned online browser Opera files for $115m US IPO

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Bitmain, IDG Capital Fund, and IDG Capital Investors have agreed to purchase $50 million, $9.53 million, and $471,000, respectively, worth of Opera’s ordinary shares.


Indian IPOs in 2018 aimed at offering exit route to PE funds, shows data

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IPO pipeline looks robust for the year, but the fundraising for capital expansion may take time.


India: RITES shares jump 21% after strong stock market debut

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RITES shares opened at Rs 190, up 2.7% from its issue price of Rs 185, after the IPO was subscribed nearly 67 times.


Vietnam: MobiFone to exit TPBank as part of strategy to focus on core business

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MobiFone had previously held an auction to sell its shares in SeABank and TPBank last April as part of its strategic plan to focus on its core businesses.


Alibaba-backed online parenting platform Babytree files for HK IPO

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Babytree was valued at RMB 14 billion ($2.19 billion) following Alibaba’s investment,