Business

Lendlease REIT Opens 6% Up On SGX Listing Debut

Lendlease Global Commercial REIT’s stellar IPO debut is yet another testament to the hunger for yield among Asian inv... Read more

Investors Keep Their Faith In Hong Kong Markets Despite Protests

As anti-government protesters fought pitched battles with police in Hong Kong streets last week, a group of bankers in ... Read more

Oyo Is Successful Because Of Its Business Model, Says CEO Ritesh Agarwal

Ritesh Agarwal, founder and chief executive of Oyo Rooms, one of the country’s most popular unicorns—or rather dec... Read more

State-owned EESL Mulls IPO To Bankroll Energy Efficiency Programmes

State-run Energy Efficiency Services Ltd (EESL) plans to tap into the capital markets to bankroll its energy efficienc... Read more

BlackRock In Talks With Tencent To Explore China Expansion

BlackRock Inc. has held preliminary discussions with Tencent Holdings Ltd. over the past year, as the world’s largest... Read more

Home-share Startup Airbnb Leans Toward Direct Listing Over Traditional IPO

Airbnb Inc.’s long-awaited Wall Street debut is officially earmarked for 2020, but the home-share startup is chartin... Read more

How Manuel Pangilinan Is Trying To Pull Off Record $1.6b Philippine IPO To Tame Debt

Philippine businessman Manuel Pangilinan, who ran into trouble with a borrowing binge two decades ago, is pursuing the ... Read more

Malaysias Petronas Mulls IPO For South African Fuel Retail Unit Engen In 2020

Petroliam Nasional BHd and its South African partners plan to conduct an initial public offering in their fuel retailer... Read more

Saudi Aramco Reaches Out To Petronas, Sinopec For Cornerstone Investments

Saudi Aramco has approached Asian state oil producers including Malaysia’s Petroliam Nasional Bhd. and China’s Sino... Read more

Chinese E-learning Company Youdao Files For US IPO

Youdao Inc, an e-learning unit of Chinese internet technology company NetEase Inc, filed for an initial public offering... Read more

Chinese TechCrunch Rival 36Kr Holdings Files For US IPO

36Kr Holdings Inc., a Chinese website that tracks startup fundraising in the country, filed for a U.S. initial public... Read more

Chinese Companies Rethink US IPOs After Trumps Delisting Threat

Bestbond, a Chinese apartment rental company, had been planning on a Nasdaq flotation in one to two years but as U.S.-C... Read more

WeWork Formally Withdraws IPO After Botched Fundraising Effort

WeWork formally withdrew the prospectus for its initial public offering, capping a botched fundraising effort that cost... Read more

Asia Digest: Meal Temple Launches Ride-hailing In Laos; Yanolja Offers Flight Search

Cambodian startup Meal Temple Group has launched its ride-hailing service, DriveUp.app, in Laos while South Korean budg... Read more

China Approves First Dual-class IPO In Move To Lure Tech Firms

China is set to see the first dual-class listing in the domestic market, as the nation aims to stem an exodus of techno... Read more