India
Groww had raised $340m from anchor investors on Monday ahead of the public launch of its IPO.
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Domestic investors, led by mutual funds, were largely responsible for the euphoria.
Greater China
Pony Ai shares slid nearly 11% in early trading, while WeRide opened down about 8%.
PhysicsWallah will launch its IPO for retail investors on November 11.
World
Last week, Reuters reported that OpenAI was laying the groundwork for an IPO.
Rest of Asia
ASIC said it will support moves to reduce the market capitalisation requirements on foreign firms.
The stock started trading at HK$128.9, while Hong Kong’s Hang Seng Index was down 1.3% early on Wednesday.
Singapore
The company had secured a $188m anchor investment in Sept.
Fusemachines had announced a SPAC merger with CSLM Acquisition Corp last year.
Several US-listed Chinese companies want to raise capital via secondary listings in HK.
