China’s second largest coffee chain Luckin Coffee, which counts Centurium Capital and Joy Capital among its private equity investors, surged around 20% on its US debut following a $561 million IPO.
Sansan, a PE-backed company that specializes in cloud-based business card digitization, has filed for a domestic IPO that is expected to generate around JPY35.2 billion ($321 million).
Vietnam’s economic future is tied to an attractive but immature and constrained banking sector. Investors are prodding the edges of a precarious opportunity set
Baijiahulian, a Chinese online education platform that provides after-school tutoring services for primary and secondary school students, has filed for a US IPO. The company’s backers include Gaorong Capital.
Duiba, operator of a China-based interactive advertising platform and software-as-a-service (SaaS) management system for online businesses, traded flat on its Hong Kong debut, following an IPO of HK$766.2 million($97.6 million).
Yunji, a Chinese membership-based e-commerce platform, gained 29% on its NASDAQ trading debut following a $121 million IPO that was largely covered by two of its private equity investors.
So-Young International, a Chinese online marketplace specializing in cosmetic surgery, surged over 33% on its trading debut following a $166.8 million IPO on NASDAQ.
Tot Biopharm, a private equity-backed Chinese cancer drug developer, has filed for a Hong Kong IPO under rules that allow for listings by pre-revenue biotech companies.
Affinity Equity Partners is set to make a partial exit from Leong Hup International as the Malaysian poultry producer looks to raise up to MYR1.19 billion ($288 million) in a domestic IPO.
Douyu International Holdings, a Chinese live-streaming platform that provides coverage of online gaming, has announced plans for a US listing. The company’s investors include Sequoia Capital China and Tencent Holdings.
Luckin Coffee, China’s second largest coffee shop chain, which counts Centurium Capital and Joy Capital among its private equity investors, has filed to list in the US.
Indonesia has become a source of frustration for LPs that want to see more exits. A weak currency, slower growth and rising competition aren’t helping GPs as they seek to deliver the required returns
CVC Capital Partners has made a partial exit from Indonesian sports retailer MAP Aktif Adiperskasa, generating proceeds of approximately IDR4.1 trillion ($288 million) through a share sell-down.
First quarter analysis: China uncertainty hits PE investment; public market instability holds back IPOs; distress strategies underpin India fundraising as commitments to China-focused managers plummet
So-Young International, a Chinese online marketplace focusing on cosmetic surgery, has filed to list in the US. PE backers include Orchid Asia, Matrix Partners China, and the Russia-China Investment Fund (RCIF).
Ruhan, a VC-backed Chinese celebrity incubator that creates online personalities who drive e-commerce activity, slipped 37% below its IPO price on the first day of trading following a $125 million NASDAQ offering.
Bitmain, a private equity-backed Chinese business that manufactures chips for Bitcoin mining, has allowed its application for a Hong Kong IPO to lapse.
South Africa-based conglomerate Naspers plans to spin-off its internet businesses – which include stakes in Chinese giant Tencent Holdings and Indian food-ordering platform Swiggy – through a listing on Euronext in Amsterdam.
Yunji, a Chinese membership-based e-commerce platform that typically works with small-scale retailers that don’t have the resources to compete online, has filed to list in the US.
Private equity investors believe it will become easier to take companies public in China as the country steps up the pace of capital markets reform, creating a system that is more in line with international norms.
Up Fintech, an online brokerage firm focused on global Chinese investors that operates in Asia as Tiger Brokers, gained more than 36% in its first day of trading on NASDAQ after raising $104 million in its IPO.
Homeplus, a South Korean supermarket retailer that an MBK Partners-led consortium acquired from Tesco for $6.4 billion in 2015, has abandoned plans for the IPO of a real estate investment trust (REIT).
Ruhan, an internet celebrity incubator backed by Legend Capital that is said to be the largest business of its kind by revenue in China, has filed to list on NASDAQ.
ESR, a pan-Asian logistics and fund management platform that was seeded by Warburg Pincus, has filed for an IPO in Hong Kong.