Small Caps

The year tech unicorns became donkeys

2019 may be remembered as the year so many unicorns turned into donkeys. After its IPO, Uber fell from the stratospheric valuation it commanded as a private company. So did its prime competitor,...

Singapore as a new venue for Russian IPOs

WITH the implementation of a free trade pact with the Russia-led Eurasian Economic Union (EAEU) paving the way for greater business links between Singapore and EAEU markets - which comprises...

ThaiBev clarifies not selling Vietnam business; IPO process in early stages

THAI Beverage Public Company (ThaiBev) has clarified that it is not seeking a buyer for its business in Vietnam.

Hong Kong sees another wild IPO swing from 84% gain to a loss

[HONG KONG] A Chinese pipe maker endured a rollercoaster debut, finishing the day at a loss after almost doubling during its initial public offering (IPO) in Hong Kong.

AnnAik goes environmental amid tepid steel business

STEEL stockist AnnAik's move into the wastewater treatment business, initially derided, is gaining traction amid a tepid steel business today, according to its chief executive.

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...