India
This is Ola’s second attempt at an IPO after a 2021 plan to raise up to $1 billion was canned.
India's Ola Cabs plans $500m IPO, to appoint banks soon
China's Ant Group in talks to launch Alipay+ in Indonesia
Deal Digest: Gaw Capital acquires assets in Tokyo; Indonesia's PathGen raises funds
Norway wealth fund backs proposal to split Goldman CEO, chair roles
India's state-run NBCC to set up shadow lender to help save over $100m
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Indonesian poultry startup Pitik said to have laid off more than 50% staff
Affinity Equity Partners looks to take South Korea-listed Lock & Lock private
IDX-listed laboratory chain Diagnos to buy DNA testing company Asa Ren for $24m
Hong Kong’s Jebsen Capital eyes more M&A opportunities in 2024 to drive inorganic growth
UBS said to be shutting some China private funds, laying off a third of staff
Greater China
Tech IPO applicants are expected to shore up investor confidence in the Asian financial hub.
Vietnam
The share sale may take place early next year if market conditions are conducive.
The duo had launched an asset management venture last year.
Mainland Chinese exchanges have fallen out of the top ranks, overtaken by the US, Swiss and Indian markets.
Mobvoi Inc, which was established in 2012, provides generative AI and voice interaction technologies.
It had sought a Hong Kong listing in mid-2022 but dropped those plans.
Baicha Baidao operates ChaPanda stores, which sell a range of fruit tea drinks primarily to younger customers.
The proposed rules come after China’s stock market fell to five-year lows in February.
So far in 2024, 64 Indian companies have gone public, raising $2.31 billion cumulatively.