Small Caps

Next big wave of technology unicorn listings could be in India

[SINGAPORE] India's stock markets are set for a wave of unicorn listings, according to technology venture capitalist and former Infosys Ltd official Mohandas Pai.

China's Postal Savings Bank says some retail investors opt out of Shanghai listing

[BEIJING] Postal Savings Bank of China said investors had opted out of paying for 3 per cent of shares on offer in its Shanghai listing - a rare development that underscores growing concerns over...

SoftBank-backed Ola targets IPO process by end-March 2021

INDIAN ride-hailing firm Ola, backed by Japan's SoftBank Group Corp, aims to begin the IPO process by the end of March 2021 and plans to cut its workforce by up to 5 per cent as part of...

Malaysian mobile operator U Mobile targets US$500m IPO

[KUALA LUMPUR] U Mobile, a Malaysian mobile service provider, is planning to raise about US$500 million in an initial public offering (IPO) in Kuala Lumpur, according to people familiar with the...

Singapore IPO value jumps four times to US$2.2b in 2019

SINGAPORE'S initial public offering (IPO) market was up four times in funds this year, boosted by four real estate investment trusts (Reits) - Prime, Lendlease, Eagle Hospitality, and ARA...

Alibaba confirms huge Hong Kong public listing

[HONG KONG] Chinese technology giant Alibaba confirmed Friday its plans to list on the Hong Kong stock exchange, in an initial public listing aiming to raise up to US$13.8 billion.

The dearth of IPOs weakens capitalism

AN INITIAL public offering (IPO) should be a milestone in a company's existence, representing the moment it begins to fulfil the promise demonstrated as a young entity. Yet, companies are delaying...

Alibaba to resume Hong Kong listing plans as soon as November: sources

[HONG KONG] Alibaba Group Holding Ltd is eyeing a listing in Hong Kong as early as November to raise up to US$15 billion, after political unrest put the move on ice earlier this year, people...

Gojek says it is still planning IPO, but not in near future

INDONESIA'S first startup unicorn Gojek said on Thursday it has no immediate plans to tap public markets, but is still planning a listing with the Indonesian exchange, the IDX, as its primary...

Hong Kong money is fleeing? Not around here

[HONG KONG] Hong Kong may have been seeing money flow out as the city's turmoil undermines its reputation as a stable financial centre, but one important source of capital keeps on coming: cash...

Startup IPO jitters spill over into South-east Asia

A REALITY check on mega flotations in the world's biggest stock market is sending ripples through the region's initial public offering (IPO) market for venture-backed startups.