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Southeast Asian ride-hailing and food delivery giant Grab is exploring a listing in the United States this year, encouraged by robust investor appetite for IPOs, three sources familiar with the matter told Reuters. The IPO could raise at least $2 billion, one…
Chinese bubble tea chain Naixue Tea – also known as Nayuki – is eyeing a listing in the US. The move could raise around US$400 million in capital, although many important details of the potential offering remain in flux as private discussions continue between…
Malaysian bubble-tea chain Tealive parent, Loob Holding, has appointed advisors as it prepares for an IPO this year. Last year, the company said that it aimed to raise MYR300 million (US$72 million) for Malaysian IPO. According to The Malaysian Reserve,…
Body Shop Malaysia operator InNature Bhd is seeking to raise RM120.6 million (US$25.5 million) in funding from an IPO. The firm says some of the funds will be used to fund store network expansion in Vietnam and Cambodia. The Body Shop Malaysia business…
Philippines grocery operator MerryMart has filed to raise up to PHP1.6 billion (US$31 million) in its forthcoming IPO. The firm is seeking the funds to finance its nationwide expansion program, according to DealStreetAsia. It expects to operate 1200 stores…
Central Group subsidiary Central Retail Corporation, aims to raise up to THB81.1 billion (US$2.7 billion) in an initial public offering (IPO), which will be Thailand’s largest yet. Central Retail’s IPO price will range between THB40 to 48 per share. The…
Manila-based food-and-beverage kiosk operator Fruitas has grown its store network to 1036. The company, with a portfolio of banners, including Buko ni Fruitas, Juice Avenue, Black Pearl, and Johnn Lemon, has added 106 new stores this year to the 930 it ended…
Alibaba Group has launched its Hong Kong public offering of 500,000,000 new ordinary shares on the SEHK, raising up to US$13.4 billion. Alibaba plans to use the proceeds from the offering for the implementation of its strategies of driving user growth and…
Coworking startup WeWork plans to open two more offices in Ho Chi Minh City’s District 1 this month. One of them will be at Lim Tower 3, and rents will start at VND6.9 million ($297) per month for a single-seat, according to the company’s website. Another…
Alibaba is resuming plans to list on the Hong Kong exchange in a move expected to raise US$10–15 billion. Earlier listing plans scheduled for August were put on hold during the recent political unrest in the territory. The firm may now seek a listing as early…
Amidst growing investor interests in firms focussed on Southeast Asian consumers, Thailand, and the Philippines are seeing a pick-up in initial public offerings (IPOs). Thailand is expected to shine next year, says Credit Suisse. Although Singapore still…
Chinese sportswear firm Topsports International is set to proceed with an IPO in Hong Kong, despite economic uncertainties and ongoing protests in the city. The Belle International subsidiary is expected to launch its IPO this month, provided it qualifies for…
Burger King China’s owner is mulling a public listing in Hong Kong which could value the business at around US$1 billion. According to sources quoted by international business media, the Hong Kong plan is a fallback after plans to list the business in the US…
The planned US$15 billion Alibaba Hong Kong IPO has been postponed due to continuing political unrest in the city. The firm’s stance towards the issue is being taken by observers as indicative of the general mood of both mainland businesses and the Beijing…
Thai construction materials and home renovation equipment retailer Dohome is set to expand within the territory by an additional 90 branches by the end of next year. The move, partially in response to strong demand from DIY consumers, will introduce the…
Chinese discount merchandise chain Miniso is reportedly planning an IPO raising as much as US$1 billion to continue its rapid expansion. A Miniso IPO was first mooted by the company in January last year but there has been no further activity until now. Citing…
