IPO

On‑demand services lift Line Man Wongnai’s 2025 revenue to $544m

The Thai platform's net loss widened by over 91%, but its CEO says this was due to one-off, non-cash accounting items recorded last year.

The window for AI IPOs is shrinking

We look at how differently public markets and private investors value AI startups, plus Anthropic’s new office in Singapore.

Moonshot faces $700m shareholder dispute ahead of HK IPO

Known for its Kimi models, Moonshot has been in arbitration with Recurrent.ai since 2024.

SoftBank-backed OPay secures $185m ahead of US IPO

SoftBank's earlier investment valued the Nigeria-focused fintech at US$2 billion in 2021.

Firmus explores $3b private funding round after IPO withdrawal

Firmus previously announced a US$2 billion strategic equity investment to expand AI infrastructure.

Australian AI firm Firmus withdraws planned IPO

Firmus had aimed to raise US$5 billion at A$11 (US$7.7) a share.

SCI Ecommerce’s troubles run deep

Inside SCI Ecommerce’s financial troubles, from suspected irregularities to a failed restructuring. Plus, Revolut’s Singapore expansion plans.

DeepSeek seeks $11.9b in funding at $74.6b valuation: sources

The fundraising began in July and targets a 500 billion yuan (US$74.6 billion) valuation.

Moonshot AI eyes Hong Kong IPO after $50b valuation

A summer fundraising round valued Moonshot at US$31.5 billion.

RedDoorz eyes net profit in 2026 ahead of IPO

Stronger domestic travel in Indonesia and growth in company-operated hotels helped RedDoorz offset weaker consumer spending.

Firmus plans to allocate half of IPO to existing investors

Ryde hit by pump-and-dump class action, shareholder petition

Singapore's Ryde linked to a pump-and-dump scheme in a US class action, and a shareholder wants a buyout or the company wound up.

GCash trims IPO ambitions to meet market realities

GCash has set its IPO share price at a discount. Still, analysts are divided if this is a fair valuation.

Anthropic targets mid-November IPO after delay

Anthropic was valued at US$61.5 billion in a March funding round and is backed by Amazon and Google.

Tencent-backed Infinigence eyes HK IPO as early as 2027

Infinigence manages computing capacity across third-party data centers rather than owning the facilities.

SK hynix leads US IPO proceeds with $26.5b listing

The period was the second-busiest for US IPO proceeds since 2021, behind only the second quarter.

Philippines’ Globe Telecom plans $1b data push in 2027

Globe's data-center venture currently operates five facilities in the Philippines.

Blockchain.com seeks $500m in 2026 IPO: sources

Blockchain.com was valued at US$14 billion in private markets in 2022.