Business

Bitcoin Holds Ground After China Endorses Blockchain

Bitcoin held ground on Monday near a one-month high scaled over the weekend after China’s president Xi Jinping said t... Read more

Hong Kong Tops Global IPO Market Since September

Hong Kong’s IPO market is making a huge comeback. Defying the intensifying protests that have hurt the city’s econo... Read more

Red Bulls Thai Rivals See Stock Surge On The Back Of Overseas Plans

Red Bull GmbH’s two Thai major rivals have outperformed most global beverage stocks as they extend their domestic suc... Read more

JS Global Becomes Third Firm This Year To Pull HK Listing Amid Trade Gloom

Household appliances maker JS Global Lifestyle Company Ltd pulled its initial public offering of up to HK$3.62 billion ... Read more

Thai Conglomerate Siam Cements Packaging Unit Mulls $1b Local Listing

Thailand’s Siam Cement Pcl’s (SCG) packaging subsidiary is planning a local listing, in a float that is set to rais... Read more

Baby Formula Maker China Feihe Seeks Up To $1.14b In Hong Kong IPO

China Feihe Ltd., a baby formula producer, started taking investor orders on Monday for its Hong Kong initial public of... Read more

Warburg-backed ESR Likely To Raise $1.6b In Hong Kong IPO

ESR Cayman Ltd., a logistics real estate developer, is set to raise $1.6 billion as it’s planning to price its initia... Read more

Chinese Co-working Space Provider Ucommune Said To File For US IPO

China’s biggest shared workspace provider Ucommune has filed a confidential prospectus with the U.S. securities regul... Read more

Myanmar Expects More IPOs As It Prepares To Let Foreigners Trade

Myanmar’s stunted stock exchange expects as many as four initial public offerings in the coming months, in part becau... Read more

SoftBank Vision Fund Planning Writedown Of At Least $5b

SoftBank is planning to take a writedown of at least $5 billion to reflect a plunge in the value of some of its biggest... Read more

Chinese Property Marketplace Unicorn Fangdd Sets Terms For $105m IPO

Fangdd Network Group, a Chinese software as a service (SaaS)-enabled online real estate marketplace, has set the terms ... Read more

Philippine F&B Kiosk Operator Fruitas Gets PSE Nod For $23m IPO

The Philippine Stock Exchange (PSE) has approved the initial public offering (IPO) plan of Fruitas Holdings Inc (Fruita... Read more

WeWork To Prioritise Profit Over Growth, Staff Downsizing On Cards

WeWork will spend the next month putting together a plan that will prioritize profit over growth, executives said in a ... Read more

Morgan Stanley Said To Land Plum Role In ESRs $1.5b IPO Relaunch

Morgan Stanley has usurped rivals including Deutsche Bank, Citigroup, Credit Suisse and Goldman Sachs to lead the relau... Read more

KKR-backed PropertyGuru Cancels Australian IPO Due To Market Uncertainty

Southeast Asian property platform PropertyGuru, whose backers include PE giants TPG Capital and KKR, has called off its... Read more