Cainiao is looking to raise between $1 billion and $2 billion in Hong Kong.
Berkshire Hathaway sells $59m worth of shares in Chinese EV maker BYD
Japan's SMBC, Incubate Fund launch new vehicle in SG for fintech investments
S Korean e-grocery platform Kurly raises $91m from existing investors Aspex, Anchor
Chinese automaker BYD to manufacture EVs in Vietnam
Sequoia-backed Indian edtech firm Cuemath lays off 100 employees
Indonesian coffee chain Kopi Kenangan brews ambitious global expansion plans
Vietnam’s Sapo Technology in talks to raise $20m in new funding round
Taylor’s Education Group owners mull sale of Malaysia, Vietnam universities: Report
SEA Digest: CAV closes first fund, MoneyLion exits digital Islamic bank consortium; Salim Group backs Mimin
Climate investor TRIREC to raise $100m third fund, to close predecessor at $80m
SF Holding is also listed in Shenzhen.
The plan is in its early stages of consideration and the IPO size is yet to be determined.
Rest of Asia
The company estimates that it needs about $15b for technological development.
The listed chip designer could replace Alibaba as a fundraising avenue.
Arm plans to sell its shares on Nasdaq later this year, seeking to raise between $8 billion and $10 billion.
The region accounted for nearly 7% of global IPO funds raised so far this year.
The last time Indonesia had an IPO of more than $1b was in April 2022, with the listing of tech firm GoTo.
The KKR-backed company raised $675m last week.
Top shareholders will offer to buy out minority stockholders.