S-E Asian unicorn secondaries sought amid IPO drought
Investors face pressure to cash out of early bets, while family offices and HNWIs seek exposure to the brave new world of tech unicorns
Add BT as a preferred source
Sharanya Pillai
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
FANCY a slice of super-app player Grab, but can't get into one of its blockbuster funding rounds? More investors are gaining access to South-east Asian unicorns via the growing market for their secondary shares, which is in turn supported by a lack of unicorn exits, industry players told The Business Times.
Secondary shares (broadly called "secondaries") refer to shares of a company held by existing investors, management or staff. By selling part or all of their stake, they get to cash out of their positions, while the company itself does not receive any proceeds.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
