Monde Nissin Corp saw it shares weaken 0.14% at the opening bell on its stock market debut on Tuesday, after the Philippine food maker raised 48.6 billion pesos ($1 billion) in the country’s largest-ever initial public offering (IPO). The IPO, Southeast Asia’s second-largest this year after the $1.8 billion IPO of Thailand’s PTT Oil and Retail Business PCL in February, heads a pipeline of Philippine share sales. “The new funding will enable us… Continue reading PH food maker Monde Nissin debuts 0.14% lower after $1b IPO
Author: Deal Street Asia Online News
SG-based VC platform Hatcher+ launches $7.7m ANZ fund with Wholesale Investor …
Hatcher+, a Singapore-based venture investment platform, has teamed up with Australian private investment firm Wholesale Investor to launch a A$10 million ($7.7 million) venture capital fund that will invest in startups in Australia and New Zealand, according to an announcement. The fund seeks to invest in technology companies ranging from the formation stage through the… Continue reading SG-based VC platform Hatcher+ launches $7.7m ANZ fund with Wholesale Investor …
Heritas Capital secures first close for impact-focused Growth Fund III …
Premium Singapore-based private equity firm Heritas Capital has achieved the first close of its Growth Fund III at $60 million. Heritas is the investment arm of shipping and industrial solutions provider IMC Group. The PE firm has secured commitments from Tsao Family Office, the investment vehicle for the family behind IMC. The fund is expected… Continue reading Heritas Capital secures first close for impact-focused Growth Fund III …
Line enters Indonesian digital banking game with Hana Bank partnership
Messaging service giant Line Corporation has rolled out a digital banking platform in Indonesia through a partnership with local lender Bank KEB Hana Indonesia, a subsidiary of South Korea’s Hana Bank. The launch of the platform is the much-anticipated result of a 2018 deal between the two companies, which saw Line, through its subsidiary LINE… Continue reading Line enters Indonesian digital banking game with Hana Bank partnership
Logistics firm Flash Express becomes Thailand’s first unicorn after raising $150m
Thailand-based Flash Express has raised a combined $150 million in its Series D+ and Series E rounds, the company said in a statement. The funding rounds valued the third-party logistics provider at over $1 billion, the company told DealStreetAsia without specifying the exact amount. This makes Flash Express Thailand’s first unicorn. Flash Express’ Series D+… Continue reading Logistics firm Flash Express becomes Thailand’s first unicorn after raising $150m
Ribbit Capital-backed Ajaib eyes depth in Indonesia’s stock investment game amid competition
Premium Indonesian online stock brokerage platform Ajaib Group, which raised $90 million in possibly the largest-ever Series A round by a Southeast Asian startup, is looking to go “really deep” in its fintech play that has attracted considerable interest from the country’s top unicorns. With only 1% of Indonesia’s over 260 million population investing in… Continue reading Ribbit Capital-backed Ajaib eyes depth in Indonesia’s stock investment game amid competition
Crypto action heats up in Indonesia as Luno mulls market entry, Tokocrypto weighs IPO
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Retail investors snap up China’s first batch of REITs on day one sales …
China’s first batch of real estate investment trusts (REITs) were snapped up by retail investors on their first day of sales on Monday, according to fund managers and state media. The retail tranches of the nine REITs, worth about 2 billion yuan ($314.05 million), attracted over 30 billion yuan of retail subscriptions, or over 10 times… Continue reading Retail investors snap up China’s first batch of REITs on day one sales …
China’s Qiming Venture Partners sets up $500m fund to invest in listed firms: Report
Qiming Venture Partners, a China-focused venture capital (VC) firm that has invested in smartphone maker Xiaomi and food delivery giant Meituan, has set up its first fund to invest in listed companies, The Information reported. The $500 million fund, dubbed Springhill Fund, will primarily invest in Chinese healthcare companies listed outside of mainland China, according… Continue reading China’s Qiming Venture Partners sets up $500m fund to invest in listed firms: Report
Australian property firm PEXA prepares for domestic IPO after rejecting KKR bid …
Australian digital property settlement company PEXA is heading for an initial public offering on the domestic stock exchange towards the end of June, its top shareholder Link Group said in a disclosure on Monday. Link said an underwriting agreement for the proposed IPO on the Australian Securities Exchange (ASX) has been signed, implying an enterprise… Continue reading Australian property firm PEXA prepares for domestic IPO after rejecting KKR bid …