Record public market valuations have facilitated a wave of private equity-backed IPOs on Indian bourses.
RYB Education, a private equity-backed Chinese kindergarten operator that listed in New York two months ago, has seen its stock price collapse in response to child abuse claims.
SSG Capital Management has made a partial exit from Future Supply Chain (FSC), a supply chain and logistics subsidiary of India’s Future Enterprises (FEL), for INR1.25 billion ($19 million).
Jianpu Technology, a subsidiary of Chinese VC-backed financial products search and recommendation platform Rong360, has slipped below its IPO price following a $180 million offering on the New York Stock Exchange.
Private equity exits have proved strong in 2017, with a range of buyers showing an appetite for PE-backed companies, industry participants told the AVCJ Forum.
LexinFintech, a China-based financial technology portal backed by several VC investors, has filed for an IPO on the New York Stock Exchange.
Razer, a manufacturer of gaming peripherals with several venture capital backers, has raised HK$3.93 billion ($504 million) in its Hong Kong IPO.
Private equity-backed Vincom Retail, the leading shopping mall operator in Vietnam, has completed the country’s largest-ever IPO, after increasing the size and pricing of its offering to raise VND16.8 trillion ($740 million).
China Literature, a PE-backed online reading unit being spun out by Tencent Holdings, has raised HK$8.3 billion ($1.1 billion) in a Hong Kong IPO.
Qihoo 360, a Chinese internet security software provider that was delisted in the US last year by a consortium that includes several PE investors, will relist in Shanghai through a reverse merger worth RMB50.4 billion ($7.57 billion).
MC Payment, a Singapore-based financial technology player with several VC backers, will list on the Singapore Stock Exchange's Catalist board via a reverse takeover of domestic peer Artivision Technologies.
Four Seasons Education, a China-based after-school math tutoring services provider that is backed by Chengwei Ventures and Crimson Capital, is looking to raise as much as $111.1 million through a US IPO.
Yixin, the VC-backed online financing subsidiary of China-focused online automotive portal Bitauto Holdings, has filed for an IPO in Hong Kong.
Warburg Pincus has secured its first partial exit in Southeast Asia after Vietnam-based shopping mall operator Vincom Retail raised VND16.1 trillion ($709 million) in its IPO.
China-based online digital marketing business iClick Interactive Asia, which is backed by Bertelsmann Asia Investments (BAI) and SSG Capital Partners, has filed for an IPO in the US.
Jianpu Technology, a wholly-owned subsidiary of Chinese VC-backed independent financial products search and recommendation platform Rong360, has filed for an IPO in the US.
Singapore-headquartered mobile internet and gaming platform Sea has raised $884 million in its US IPO after increasing the offer price and size.
Qudian, a VC-backed Chinese micro-lending services provider, closed up 22% on its New York Stock Exchange debut, following a $900 million IPO.
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Indian PE-backed non-banking finance company (NBFC) MAS Financial Services gained 30.9% on its trading debut in India after raising INR4.6 billion ($70.9 million) in its IPO last week.
PPDai, a consumer finance marketplace backed by several VC investors, has become the latest Chinese company to try and take advantage of soaring public markets by filing for an IPO in the US.
Reliance General Insurance, the insurance arm of India’s Reliance Capital, has filed for an IPO that will provide a partial exit for its parent.
Singapore-headquartered mobile internet and gaming platform Sea aims to raise up to $800 million in its upcoming IPO on the New York Stock Exchange.
Online-to-offline (O2O) e-commerce business Kioson has become the first start-up to list on the Indonesia Stock Exchange following a IDR45 billion ($3.4 million) IPO.