Tencent and Temasek subsidiary Dahlia were among the IPO’s cornerstone investors.
PE giant KKR to invest $400m in Malaysian subsea cable services provider OMS Group
DEG commits $25m loan for Silver Dragon Water Supply Group
Chinese coffee chains see Japan as key testing ground ahead of global expansion
Tech-enabled B2B commerce struggles to survive in Indonesia, Vietnam but hope lingers on
Indonesian investment firm Saratoga seeks to build a more sustainable portfolio
Editor’s take: The week that was—Oct 23-28
GoTo-backed digital lender Bank Jago’s profit jumps 24% in 9M 2023
Sequoia Capital marks up the value of 15 funds, writes down four
With funding in purse, From This Island joins starry lineup of beauty brands in Indonesia
SE Asian venture funding in Jan-Sept 2023 retreats below pandemic levels
Rest of Asia
KKR sold shares in the chip equipment maker for $724m in Japan’s largest IPO in five years.
GoTo’s were down around 10% on the IDX from Oct. 16-20, after falling around 20% the previous week.
Sunwoda was ranked ninth among the world’s 10 biggest EV battery producers in 2022.
The IPO price of 1,840 yen per share values the company at $2.8b.
Reuters earlier reported that Waystar was eyeing an IPO hat could value it at up to $8b.
Several analysts attributed the fall to a share sale by GoTo commissioner William Tanuwijaya.
J&T will have a market cap of $13.5 billion, lower than a $20 billion valuation in 2021.
The merger values MoneyHero at an enterprise value of $310m.
The proposed acquisition is set to be completed in the first half of 2024.