IPO

A Bloomberg report said as many as 10 Indian companies could go public through SPAC deals before the end of the year.

Anghami will become the first Arab technology company to list on Nasdaq and will trade under the symbol ANGH.

Startups gearing up to go public include food tech major Zomato, beauty retailer Nykaa, digital insurance marketplace PolicyBazaar, omnichannel eyewear retailer Lenskart, among others.

Net profits in the biotech and medtech sector increased almost fivefold from the year before.

Grab, Traveloka, Gojek, and Tokopedia are planning to list shares this year. The company that hits the bourse first may see boons.

The SPAC model has been thrilling Asia’s tech companies and investors alike.

The battery-sharing market is expected to increase 70.2% this year to exceed USD 2.25 billion.

Eduardo Saverin will serve as special advisor.