Pintec Technology, a Chinese financial technology business backed by Ventech China, Xiaomi Ventures, and Matrix Partners China, among others, has filed for a US IPO.
Venture capital firms in Southeast Asia see a growing range of exit avenues thanks to a maturing local start-up market and increasing interest from global investors.
Cango, a private equity-backed Chinese automotive transaction services platform that brings together car dealerships, buyers, and financial institutions, is seeking to raise up to $150 million through a US IPO.
Opera Software, a Norwegian web browser developer acquired by a PE-backed Chinese consortium in 2016, is looking to raise up to $115.2 million in a US IPO.
51 Credit Card, a Chinese online credit card management platform backed by the likes of Tiantu Capital, GGV Capital, and Shunwei Capital, raised HK$1 billion ($128.5 million) in its Hong Kong IPO.
Private equity exits in Asia are on a roll, driven by rising Chinese strategic interest and the emergence of larger pan-regional private equity firms looking for secondary buyouts, industry participants told the AVCJ USA Forum.
Flipkart sets the tone as strategics deliver tech trade sale exits; Chinese internet players and healthcare are the trendsetters in investment; buyouts, venture stand out in Asia fundraising
Tencent Holdings has taken the first step towards a US listing for its music streaming business, in which PAG Asia Capital is a minority investor.
Chinese smart phone maker Xiaomi has raised HK$37 billion ($4.72 billion) in its Hong Kong IPO at a valuation of $54 billion – well below the totals it had originally targeted.
WeLab, a Hong Kong financial technology provider with backers including Alibaba Group, the International Finance Corporation (IFC), and Malaysia’s Khazanah Nasional, has filed for an IPO.
Indian agricultural processing equipment maker Milltec Machinery and online marketplace Indiamart have filed for IPOs. Milltec’s private equity backer Multiples Alternative Asset Management and Indiamart investors Intel Capital, Accion International...
Pinduoduo, a Chinese social e-commerce platform that counts Tencent Holdings and a string of venture capital firms among its investors, has filed for an IPO in the US.
BabyTree, a Chinese parent-focused social networking platform that has received backing from the likes of Fosun Group and Alibaba Group, has filed for a Hong Kong listing.
Innovent Biologics, a Chinese drug developer company with a number of PE backers, has filed for an IPO in Hong Kong under recently introduced rules allowing listings by biotech companies with no revenue or profits.
Helion Venture Partners and Kedaara Capital are set to make partial exits in the IPO of Spandana Sphoorty Financial, an Indian microfinance institution (MFI).
Chinese used car trading platform Uxin Group gained 10% on its first day of trading on NASDAQ following a $225 million IPO that was scaled back in terms of size and pricing.
China Renaissance Holdings has filed for an IPO in Hong Kong that will support the expansion of its investment banking, investment management, and wealth management businesses. AVCJ understands the firm is planning to raise $800 million at a valuation...
Meituan-Dianping, China’s leading online-to-offline (O2O) platform that offers lifestyle services ranging from hotel booking to food delivery to bike-sharing, has filed for an IPO in Hong Kong.
A global commercial property services provider that TPG Capital and PAG Asia Capital created through the merger of Australia’s DTZ with US-based Cassidy Turley and Cushman & Wakefield, has filed for a US IPO.
Aavas Financiers, the former mortgage arm of Indian non-banking finance company Au Financiers acquired by Kedaara Capital and Partners Group in 2016, has filed for an IPO that will provide partial exits to both investors.
The move to allow zero-revenue biotech companies to list in Hong Kong has spurred investor interest in healthcare. But valuations are high and success in this capital-intensive space is by no means guaranteed
VCredit, a Chinese online consumer finance platform with private equity backers including TPG Growth, has raised HK$1.2 billion ($152 million) in its Hong Kong IPO.
Vectus Industries, an India-based maker of water storage and piping products, has filed for an IPO that will provide a full exit for its private equity backer Creador.
Indian automobile and heavy equipment component manufacturer Craftsman Automation has filed for an IPO. The International Finance Corporation (IFC) and Standard Chartered Private Equity will make partial exits in the offering.