Venture capital (VC) has long remained a male bastion. A recent report by DealStreetAsia found that only about 18% of investment decision-makers at Southeast Asia-headquartered venture investors are women. That figure has remained relatively unchanged since 2023 (17.4%). “My concern is that many still view diversity as the morally “right thing to do” rather than… Continue reading Diversity is the ‘smart thing to do’: The Radical Fund’s Alina TruhinaDiversity considerations must not be limited to gender, Truhina says.
Author: Deal Street Asia Online News
China ADR short sellers likely lost nearly $7b amid stimulus-stoked rallyMark-to-market losses on Alibaba alone were over $2.3 billion.
Investors betting against US-listed shares of Chinese companies likely incurred steep losses during the last two weeks of September, as optimism around wide ranging economic stimulus measures sparked a sharp rally, according to data from S3 Partners. China-focused stocks and exchange traded funds have been on an explosive run since the country’s central bank kicked off aggressive stimulus efforts on Sept. 24, with several… Continue reading China ADR short sellers likely lost nearly $7b amid stimulus-stoked rallyMark-to-market losses on Alibaba alone were over $2.3 billion.
Chinese logistics firm BingEx valued at nearly $1.2b in US IPOThe IPO bodes well for the broader market which had been depressed for almost two years.
China’s BingEx said on Friday it had raised $66 million in its U.S. initial public offering valuing the courier delivery firm at $1.17 billion, signaling a recovery in investors’ risk appetite and easing regulatory hurdles. The company, which brands its services as FlashEx, sold 4 million American depositary shares (ADS) in the offering priced at $16.50 each. It had aimed to sell… Continue reading Chinese logistics firm BingEx valued at nearly $1.2b in US IPOThe IPO bodes well for the broader market which had been depressed for almost two years.
KBank becomes the first Thai lender to tap into China’s PE marketKasikorn Vision Shanghai will target investments in high-growth potential companies i…
Kasikornbank (KBank), Thailand’s second-biggest lender, recently completed the registration of its private equity (PE) fund management unit with the Asset Management Association of China (AMAC), which oversees the country’s fund industry. The registration of Kasikorn Vision Shanghai makes KBank the first Thai lender authorised by the AMAC to raise PE and VC investments as well… Continue reading KBank becomes the first Thai lender to tap into China’s PE marketKasikorn Vision Shanghai will target investments in high-growth potential companies i…
Singapore SPAC Ocean Capital Acquisition refiles for $60m US IPOIt originally filed for a US IPO with the SEC in June 2022.
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Fast fashion retailer Shein to start roadshows soon ahead of London IPOShein is said to be working towards launching the float in the current quarter.
Shein is set to hold informal investor meetings in the coming weeks for its planned London initial public offering (IPO), three sources with knowledge of the matter said, pushing ahead with preparations as it awaits UK regulatory approval. The China-founded online retailer plans to hold informal roadshows mainly across Europe, one of the sources said, during which an IPO-bound company fields large investors’ questions and tests their investment appetite. The sources declined to be identified as… Continue reading Fast fashion retailer Shein to start roadshows soon ahead of London IPOShein is said to be working towards launching the float in the current quarter.
Indian food delivery platform Swiggy gets shareholder nod to upsize IPO fresh issueWith the increase of the fresh issue, its initial public offering s…
SoftBank-backed Indian food delivery company Swiggy has received shareholders’ approval to use a provision that will allow it to increase the size of fresh issue in its IPO to 50 billion rupees ($595 million) from 37.5 billion rupees, people aware of the matter told Reuters on Thursday. India’s red-hot IPO market has already seen around 250 companies raise over $9 billion so far this year, more than… Continue reading Indian food delivery platform Swiggy gets shareholder nod to upsize IPO fresh issueWith the increase of the fresh issue, its initial public offering s…
Brookfield’s global operational playbook guides its SE Asia investment strategyThe investment firm sees increasing buyout opportunities in the region….
Alex Yang, Managing Partner and head of Greater China and Southeast Asia for Brookfield’s Private Equity Group Brookfield Asset Management’s Private Equity Group has a proven, repeatable operational improvement playbook that it relies on to maximise long-term value creation and drive cash flows, said a top executive. Over 50% of the firm’s returns are derived from… Continue reading Brookfield’s global operational playbook guides its SE Asia investment strategyThe investment firm sees increasing buyout opportunities in the region….
India’s Matrix Gas & Renewables looking to raise up to $143m in IPOThe company plans to file for its IPO next year.
India’s Matrix Gas & Renewables aims to raise 10 billion to 12 billion rupees ($119-$143 million) via initial public offering as the company looks to take advantage of the country’s hot IPO market to fund its green hydrogen projects, CEO Chirag Kotecha said on Thursday. Matrix Gas & Renewables, which is a unit of Gensol Group, plans to file for… Continue reading India’s Matrix Gas & Renewables looking to raise up to $143m in IPOThe company plans to file for its IPO next year.
Blackstone eyes at least $10b for new Asia PE fund, to focus on IndiaChina will not be a market for the new fund.
Blackstone Inc, the world’s largest alternative asset manager, has started raising its third Asia-focused private equity (PE) fund, targeting at least $10 billion, two people with knowledge of the situation said. The new buyout fund, Blackstone‘s third in Asia, will primarily focus on India with the largest percentage of capital allocated there, the sources said, declining to be named as they were not authorised to speak to the media. China will… Continue reading Blackstone eyes at least $10b for new Asia PE fund, to focus on IndiaChina will not be a market for the new fund.