Author: Deal Street Asia Online News

KKR-backed Malaysian telecom infra firm OMS Group to revive IPO planOMS shelved its Malaysian IPO last year as KKR invested $400m.

Malaysian telecom infrastructure and subsea cable services company OMS Group will revisit its plan for an initial public offering in the next few years and is not ruling out a listing on the domestic stock exchange, its top executive said. OMS shelved its Malaysian IPO plan last year as KKR invested $400 million in the company as part… Continue reading KKR-backed Malaysian telecom infra firm OMS Group to revive IPO planOMS shelved its Malaysian IPO last year as KKR invested $400m.

South Korea’s SK Inc picks Hahn & Co as preferred bidder for SK SpecialtyHahn & Co will buy SK Specialty for $3.29b, The Seoul Economic Daily reported…

South Korea’s SK Inc said on Monday that it has picked private equity group Hahn & Company as the preferred bidder to buy its unit SK Specialty which produces gases used to make semiconductors. SK said it plans to sign a deal with Hahn & Company after negotiating contract terms in a regulatory filing addressing a report on the planned… Continue reading South Korea’s SK Inc picks Hahn & Co as preferred bidder for SK SpecialtyHahn & Co will buy SK Specialty for $3.29b, The Seoul Economic Daily reported…

Apple pulls out of talks to join OpenAI’s investment round: WSJThe funding round is expected to raise about $6.5b.

Apple has left negotiations to participate in an OpenAI funding round expected to raise about $6.5 billion, the Wall Street Journal said on Friday. The tech giant recently fell out of the talks for the round, set to close next week, the newspaper said, citing a person familiar with the matter. Other firms, such as Microsoft and… Continue reading Apple pulls out of talks to join OpenAI’s investment round: WSJThe funding round is expected to raise about $6.5b.

Women still constitute less than 20% of SE Asia’s VC decision-makersSE Asia’s performance is on par with US, where about 18% of VC decision-makers are…

About 17.9% of investment decision-makers at Southeast Asia-headquartered venture investors are women, finds the latest report from DealStreetAsia – DATA VANTAGE. According to the 2024 edition of the Women in Southeast Asia’s VC Ecosystem report, the proportion of female investment decision-makers has remained relatively stagnant since 2023 (17.4%). The report examined over 330 active venture investors—venture… Continue reading Women still constitute less than 20% of SE Asia’s VC decision-makersSE Asia’s performance is on par with US, where about 18% of VC decision-makers are…

Chinese courier delivery firm BingEx eyes US IPO at $1.2b valuationThe company is looking to raise up to $68m at the top of its targeted range.

Chinese courier delivery firm BingEx is aiming for a valuation of $1.21 billion in its US listing, banking on recovering investor appetite for new stocks and easing of regulatory roadblocks. The company, which brands its services as FlashEx, is looking to sell 4 million American depositary shares (ADS) in the initial public offering, priced between… Continue reading Chinese courier delivery firm BingEx eyes US IPO at $1.2b valuationThe company is looking to raise up to $68m at the top of its targeted range.

Swiggy files for $1.25b IPO in India’s booming stock marketThe Bengaluru-based startup is targeting a valuation of $15 billion through the offering

SoftBank-backed Swiggy filed papers on Thursday for an initial public offering, which a source said would be worth $1.25 billion, as the food delivery firm looks to tap a booming stock market in one of India’s biggest listings this year. Swiggy is selling shares worth 37.5 billion rupees ($448.56 million), while existing shareholders including Prosus,… Continue reading Swiggy files for $1.25b IPO in India’s booming stock marketThe Bengaluru-based startup is targeting a valuation of $15 billion through the offering