Analysis
Firefly also plans to enter Thailand and Britain in 2026.
1
Nio rolls out first right-hand drive models of Firefly EV to export to SG
2
Ascertis Credit makes $520m first close of $1b Asia private credit fund
3
HK's New World Development to reduce $1.3b debt with early bond swap
4
Chubb Insurance Malaysia files for domestic IPO
5
Indian edtech firm PhysicsWallah hits $5b valuation as stock soars 45% in market debut
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Private Credit
The fund will provide credit solutions to companies in India, Singapore, and SE Asia.
IPOs & Markets
New World also plans to swap part of its $2.3b senior notes due 2027-2031.
It is looking to sell 300 million existing shares, or 30% of its issued capital, via the IPO.
PhysicsWallah had targeted a valuation of $3.19 billion from its $393 million IPO.
Greater China
Hong Kong becomes Adams Street’s sixth office in Asia Pacific.
Thailand
EDC is developing a 52MW facility in Bangkok with a total project cost of $420 million.
Rest of Asia
General Atlantic bought shares from existing backer Coral Capital in its first growth deal in Japan.
Singapore
PE-backed IPOs have contributed to a 54% jump in capital raised.
Malaysia
Also read about the fall in early-stage deal volume in Malaysia in 9M 2025.
