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IPOs & Markets

Malaysia’s IOI Properties launches $516m IPO for property trust

The IPO is poised to be Malaysia’s largest-ever for a real estate investment trust.

Just InTrending

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Malaysia's IOI Properties launches $516m IPO for property trust

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Fairfax's $5.5b deal for India's IDBI Bank faces staff, political backlash

3

China regulator tells banks to halt IPOs till market recovers

4

India: Wealthtech platform PowerUp Money raises $10m led by Flourish Ventures

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Peak XV-backed Neo Alternative raises $654m for second private credit fund

More Stories

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Bain Capital raises over $1.8b for third Asia special situations fund

2

Insignia Ventures in talks to invest in Indonesian consumer brand URU

3

Grab Q3 profit rises 5% as fintech turns profitable

4

ESR appoints Roy Teo to lead SE Asia operations

5

Oriental Kopi founder wants the world to get a taste of Malaysia

Deals

Fairfax’s $5.5b deal for India’s IDBI Bank faces staff, political backlash

The government and LIC have agreed to sell a little over 60% stake in the lender to Fairfax.

Policy & Regulations

China regulator tells banks to halt IPOs till market recovers

Large sales by existing shareholders have also been temporarily suspended.

Deals

India: Wealthtech platform PowerUp Money raises $10m led by Flourish Ventures

Existing investors Peak XV, Accel, Blume Ventures, Kae Capital, 8i Ventures and DeVC joined the round.

Private Credit

Peak XV-backed Neo Alternative raises $654m for second private credit fund

The company is also backed by TVS Capital, MUFG and Euclidean Capital.

Indonesia

NTT Data eyes more Indonesia data centre investment

The company has invested $500 million in data centres in Indonesia since 2015.

Thailand

Thailand’s Krungsri Finnovate invests in Amity’s over $100m Series D extension round

The firm’s Series D round was announced in March this year.

Greater China

AI investment is becoming overly concentrated, Chinese official says

This concentration of capital creates a crowding-out effect on traditional industries.

World

AustralianSuper digs down on AI ‘picks and shovels’ to ride out global upheaval

The fund expected chipmakers and hyperscalers to weather AI turmoil.

Greater China

China market regulator to encourage Hong Kong listings

China will crack down on fraud and cross-border capital activities.

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