Greater China
During January-March 2024, money raised via China IPOs plunged two-thirds from a year ago.
Taiwan's Shin Kong Life disposes of stake in Warburg Pincus, four other PE funds
L Catterton to form consumer-focused JV in India with ex-HUL chief
Fundraising by Chinese firms in limbo amid tougher scrutiny of IPOs
JPMorgan appoints Rita Chan, Alan Ho as co-senior country officers for China
Sam Bankman-Fried to be sentenced for multi-billion dollar FTX fraud
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PH-focused discount grocery chain DALI raises $25m from Venturi Partners
Indonesian digital wallet LinkAja raises funds from Japan’s Mitsui
HSBC launches $1b ASEAN growth debt fund and $150m SG venture debt fund
Competition heats up in last-mile delivery as e-commerce firms raise their logistics game
Stonepeak sees APAC playing a bigger role in global energy transition
India
India has emerged as the second busiest market for equity capital market deals after the US.
Companies getting into legal disputes with their early-stage investors for missing listing deadlines.
There have been four such transactions so far this year.
World
The US would be the likely venue, sources told Reuters.
The IPO valued Reddit at $6.4 billion, and the company and its selling shareholders raised $748 million.
The firm is said to be weighing an IPO in Hong Kong.
The deal reduces Borse Dubai’s stake in Nasdaq to 10.8%.
Foreign investors gravitate toward fast-growing economy as China risks mount.
The company was previously backed by BPEA EQT.