Bukalapak, Indonesia’s No. 4 e-commerce firm, is keen to raise as much as $800 million in an IPO in August, two people with knowledge of the matter said, in what is likely to be the biggest by a startup in the Southeast Asian nation. Tapping a sharp pickup in investor interest in Southeast Asia’s rapidly… Continue reading Indonesian e-commerce firm Bukalapak seeks to raise up to $800m in IPO
Author: Deal Street Asia Online News
Indian private sector lender ICICI Bank raises capital by issuing bonds
People stand in line to exchange Indian five hundred and one thousand rupee banknotes at an ICICI Bank Ltd. branch in New Delhi, India, on Thursday, Nov. 10, 2016. Photographer: Anindito Mukherjee/Bloomberg Private sector lender ICICI Bank has raised more than ₹2,827 crore by issuing bonds on a private placement basis. This comes after the lender’s board of… Continue reading Indian private sector lender ICICI Bank raises capital by issuing bonds
Thai Airways acting CEO resigns after restructuring plan okayed
Thai Airways International Pcl on Wednesday said that its acting chief executive officer, Chansin Treenuchagron, had resigned. The airline’s chief of human resources, Suvadhana Sibunruang, will take over as acting CEO, the company said in a statement. The announcement comes after a court approved the airline’s restructuring plan. Chansin will remain as an administrator of the airline’s business rehabilitation plan. Reuters Go to Source
Blackstone nears $3b deal to acquire office developer Soho China
Blackstone Group Inc is nearing a deal to buy office developer Soho China Ltd in what would be its biggest real estate investment in the Asian country, Bloomberg News reported on Tuesday, citing people familiar with the matter. Hong Kong-listed Soho China could be valued at about $3 billion in the deal that could be announced… Continue reading Blackstone nears $3b deal to acquire office developer Soho China
Indian hiring app Apna bags $70m funding co-led by Tiger Global, eyes SE Asia foray
Bengaluru-based Apna, a professional networking and jobs platform, on Tuesday announced that it has raised $70 million in a Series B funding round led by Insight Partners and Tiger Global at a valuation of $570 million. Existing investors Sequoia Capital India, Lightspeed India, Greenoaks Capital and Rocketship VC also participated in the round, the startup… Continue reading Indian hiring app Apna bags $70m funding co-led by Tiger Global, eyes SE Asia foray
eBay said to be selling South Korean unit to Shinsegae, Naver for $3.6b
EBay will sell its South Korean business to retailer Shinsegae Group and e-commerce firm Naver for about 4 trillion won ($3.6 billion), local newspapers reported on Wednesday. EBay Korea is the country’s third-largest e-commerce firm with market share of about 12.8% in 2020, according to Euromonitor. It operates the platforms Gmarket, Auction and G9. Shinsegae,… Continue reading eBay said to be selling South Korean unit to Shinsegae, Naver for $3.6b
Chinese blockchain company Rangers Protocol raises funds at $63m valuation …
China-based blockchain infrastructure startup Rangers Protocol, which has just rebranded from Rocket Protocol, has raised a funding round that values the company at $63 million. Investors include Pantera Capital, Framework Ventures, Huobi Ventures Blockchain Fund, Alameda Research, Hashkey Capital, SevenX Ventures, Spark Digital Capital, Incuba Alpha Holdings, Consensus Lab, Morningstar Ventures, Yuanyuzhou Ventures, and AU21Capital,… Continue reading Chinese blockchain company Rangers Protocol raises funds at $63m valuation …
Southeast Asia’s IPO-ready unicorns set to amp up dealmaking pace …
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading Southeast Asia’s IPO-ready unicorns set to amp up dealmaking pace …
PAI Partners close to buying France’s SGD Pharma from China Jianyin Investment
Private equity firm PAI Partners is close to acquiring France’s SGD Pharma, a supplier of COVID-19 vaccine vials, from China Jianyin Investment (JIC), a source with direct knowledge of the transaction told Reuters. The source said on Tuesday the deal would be submitted to antitrust authorities and employee representative bodies and require approval from China’s… Continue reading PAI Partners close to buying France’s SGD Pharma from China Jianyin Investment
Game maker Krafton aims to raise up to $5b in what could be South Korea’s biggest IPO
Krafton Inc, the South Korean company behind blockbuster video game “PlayerUnknown’s Battlegrounds”, said on Wednesday its IPO would raise up to 5.6 trillion won ($5 billion) at the top of an indicative range, which would be a record for the country. Krafton said in a regulatory filing it expected to offer 10 million shares, at… Continue reading Game maker Krafton aims to raise up to $5b in what could be South Korea’s biggest IPO