IPO

There’s growing skepticism about SPACs but deals are still being sealed in Asia.

Financial centers look unlikely to recreate the U.S. boom in shell company IPOs.

PropertyGuru and GoTo are the next regional tech firms to go public.

Japan’s top online bank, SBI Sumishin Net Bank, also delayed its USD 1.2 billion IPO scheduled on March 24.

Major enterprises and financial institutions are putting cryptocurrency on their balance sheets, legitimizing virtual assets.

Companies like GoTo, Traveloka, Tiket.com, SiCepat, and Blibli are reportedly planning to go public in Jakarta next year.

Snapdeal plans to use INR 9 billion (USD 119 million) from the IPO proceeds for organic growth initiatives over the next five financial years.

Israel saw 72 local companies going public in 2021.