South-east Asian tech M&A may grow, but IPOs a wild card
Outlook on 2021 tech IPOs still uncertain, but observers watching Grab-Gojek merger outcome, potential Spac listings
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TECH mergers and acquisitions (M&As) in South-east Asia could pick up in 2021, driven by Chinese firms' growth appetite, as well as the pressure investors face to realise returns, industry players told The Business Times.
Among the anticipated deals, all eyes are on how the reported merger effort plays out between Grab and Gojek, which are said to be valued at US$14 billion and US$10 billion respectively.
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