India’s Honasa Consumer, the private equity-backed parent of mother-and-baby brand Mamaearth, raised about USD 204m in a domestic IPO, facilitating several partial exits.
Guoquan Food, a Chinese hotpot ingredients supplier that now positions itself as a one-stop home meal solutions brand, is trading at a 8.8% premium to its IPO price following a HKD 411.4m (USD 52.5m) Hong Kong offering.
J&T Global Express, an express delivery business that launched in Indonesia and expanded region-wide, traded flat on debut following a HKD 3.9bn (USD 499m) Hong Kong IPO.
KKR-owned Kokusai Electric gained 28% on debut after raising JPY 108.3bn (USD 720m) in Japan’s largest IPO in five years.
China fundraising stays strong, across US dollar and renminbi, despite regulatory concerns; Australia confounds general slowdown in Asia PE investment; exits demonstrate promise if not results
Voting for the 2023 AVCJ Private Equity & Venture Capital Awards has now closed. Many thanks to all those who participated.
SparkLabs Group, which operates a network of start-up accelerators and venture capital funds with a strong presence in Asia, has raised USD 100m through a special purpose acquisition company (SPAC) offering on NASDAQ.
17Live, a VC-backed Taiwan-based streaming platform that previously tried and failed to list in the US, is set to become the first company to list in Singapore through a merger with a special purpose acquisition company (SPAC).
Chinese consumer-focused venture capital firm Tiantu Capital has launched a Hong Kong IPO with a view to raising as much as HKD 1.9bn (USD 253m).
Alibaba Group’s logistics unit has filed for an IPO in Hong Kong, potentially creating liquidity events for private equity backers such as Yunfeng Capital, Primavera Capital Group, and Princeville Global, as well as for GIC, Temasek Holdings, and Khazanah...
KKR is eyeing a partial exit from Kokusai Electric after the Japan-based semiconductor industry supplier announced plans to raise JPY 111.2bn (USD 749m) through a Tokyo IPO.
Concord Healthcare Group, an onshore subsidiary of US-listed Chinese healthcare business Concord Medical, has filed for an IPO in Hong Kong.
Chinese private equity firm Hony Capital has filed to raise a special purpose acquisition company (SPAC) in Hong Kong, having previously failed to get traction with a similar structure in the US.
Global expansion remains a bright spot in China’s investment landscape as private equity firms slow deployment domestically in favour of supporting China-related entrepreneurs or business concepts in other markets, the AVCJ Private Equity & Venture...
Investors in Chinese healthcare are looking for innovators with global competencies to lead an industry recovery following a challenging past 12 months, the AVCJ Private Equity & Venture Forum China 2023 heard.
Zhaogang, a private equity-backed Chinese B2B steel-trading platform, is on course to become the first company to list in Hong Kong through a merger with a special purpose acquisition company (SPAC).
Dida, a PE-backed Chinese car-pooling and ride-hailing platform, has filed to list in Hong Kong – for the fourth time in three years. There are records of lapsed registrations from 2020, 2021, and earlier in 2023.
Ubtech Robotics, a China-based developer of service and humanoid robots valued at CNY 32bn (USD 4.4bn) in its most recent private funding round, has filed for a Hong Kong IPO.
Vietnam-based VNG, operator of the country’s largest mobile game publishing platform and largest messaging app, has filed for an IPO in the US.
Gambol Pet, a Chinese mass-market pet food manufacturer backed by KKR and Legend Capital, has traded strongly since raising CNY 1.6bn (USD 220m) through a domestic IPO.
Vietnam-based electric vehicle (EV) manufacturer VinFast saw its stock climb 287% and then fall back by 47% during the first two days of trading following one of the largest mergers to date with a US-listed special purpose acquisition company (SPAC).
A special purpose acquisition company (SPAC) led by two Chinese private equity investors has agreed to merge with local ride-hailing business Wanshun Technology Industrial Group in a deal that values the target at approximately USD 300m.
Nominations for the 2023 AVCJ Private Equity & Venture Capital Awards have now closed. Thanks to all who participated. Voting will open in about two weeks.
Adlai Nortye, a private equity-backed Chinese cancer drug developer that previously filed to list in Hong Kong, is now targeting an IPO in the US.