IPO

The online retailer waited a year for the green light from Beijing for its IPO, which had to be cleared by the highest levels of the ruling Chinese Communist Party.

Companies & Markets

Shein wins Chinese approval for Hong Kong IPO

Shein’s last private fundraising round in May 2023 valued it at US$66 billion

Amit Saberwal, RedDoorz founder and CEO, says Indonesia continues to drive the company’s growth despite a softer macroeconomic backdrop.

Asean Business

Budget-hotel platform RedDoorz set to knock on SGX’s door for 2027 IPO

It plans to use the proceeds to fund acquisitions across Asia-Pacific, including in Australia and India

In total, the IPO has raised gross proceeds of S$242 million, including commitments from 10 cornerstone investors.

Companies & Markets

Foundation Healthcare closes 7.9% below IPO price in mainboard debut

Its public offer of 162.6 million shares is 3.8 times subscribed at S$0.76 a share

Shares of Foundation Healthcare are set to begin trading on the Singapore Exchange at 9 am on Wednesday (Jul 8).

Companies & Markets

Foundation Healthcare IPO 3.8 times subscribed

The Singapore offering is 9.4 times subscribed, with 3,805 valid applications for 87 million shares

A significant portion of the proceeds will fund expansion of Luxshare’s automotive electronics business.

Telcos, Media & Tech

Apple supplier Luxshare sets Hong Kong listing at top of range, with Temasek and GIC as cornerstone investors

The company says the offer price is determined at HK$63.28 per H-share, and will sell 383.5 million shares

The IPO, likely to open next week, will kick off a busy pipeline of public offerings for India in the second half of the year.

Capital Markets & Currencies

GIC among top sovereign funds backing India’s largest asset manager in US$1.2 billion IPO: sources

The listing will see SBI and Amundi selling a collective 10% of their shares in the joint venture

NSE is valued at more than 5.3 trillion rupees in the grey market, according to unlisted stock trading platform UnlistedZone.com.

Capital Markets & Currencies

NSE said to start marketing US$3 billion India IPO next week

The exchange has appointed about 20 banks to work on the share sale

Goldman Sachs estimates US$274 billion worth of locked-up shares will be released into the Hong Kong market over the next 12 months.

Banking & Finance

Record wave of IPO lock-up shares to hit Hong Kong market

The eye-catching returns of new listings could further fuel profit-taking pressure

SK Hynix is the top supplier of high-bandwidth memory after becoming the go-to provider for Nvidia, the dominant maker of AI processors.

Companies & Markets

SK Hynix is said to weigh 0.5% fee payout in mega ADR offering

[SEOUL] SK Hynix is considering paying about 0.5 per cent of the proceeds from its US listing – one of the largest share sales ever – to banks working on the deal, according to people familiar with th...

Carlsberg India is the country’s second-largest brewer with a market share of about 22%.

Companies & Markets

Carlsberg confidentially files US$700 million India IPO

The offering, expected to comprise a secondary share sale by the brewer, can take place later this year

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