World
Bank of America, Goldman Sachs, JPMorgan Chase and Morgan Stanley are being lined up.
1
Tokio Marine in talks to invest in Igloo as Japanese insurers continue to bet on Indonesia
2
India's Avataar Venture Partners eyes third fund to back growth-stage startups
3
Payments unicorn Nium trims losses a tad in 2024 despite higher processing costs
4
Alibaba to plan IPO for AI chipmaking unit T-Head
5
EQT expands into secondaries with Coller Capital acquisition
More Stories
Advantage Partners-backed Pharmaforte ropes in banker for potential sale
Singapore startup Level3AI bags $13m in seed round led by Lightspeed
IFC investing $34m in Malaysia’s Asia Pacific University
Grab faces profitability hit as Indonesia moves to lower commission cap
SC Capital secures $330m from CPP Investments consortium for Japan strategy
Greater China
Alibaba plans to restructure the unit as a business partly owned by employees.
India
The company reported a 73% rise in quarterly profit on Wednesday.
The company is selling 31 million new shares at HK$64.50 ($8.27) each.
The Palo Alto, California-based company sold 11.8 million shares at $18 apiece.
The company is not issuing new shares in the IPO and will not receive any proceeds.
Walmart, Microsoft and Tiger Global may offload part of their shareholdings in the offering.
The assets could be valued at around $20b.
Cornerstone investors include Tencent, Temasek, BlackRock and FIL Investment.
Rest of Asia
Docquity raised $44m in 2022, led by Japanese trading company Itochu.
