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.

Aztech mulls $400m IPO of tech unit on SGX

KUALA LUMPUR (BLOOMBERG) - Aztech Group, a Singapore-based conglomerate, is considering a listing of its technology unit on the country's stock exchange that could raise as much as $400 million,...

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...

Saudi Aramco valuation set at up to US$1.7t

SAUDI Aramco has set a price range for its listing that implies the oil giant is worth between US$1.6 trillion and US$1.7 trillion, below the US$2 trillion the Saudi crown prince had targeted but...

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.