IPO

The company plans to utilize the proceeds from the IPO to enhance awareness of its brands, expand its international businesses, and establish an offline presence.

China is looking for ways to soothe the nerves of overseas investors as it cracks down on the tech sector.

Oyo’s valuation had dropped to USD 8 billion in mid-2020 amid the COVID-19 pandemic, from USD 10 billion in November 2019.

Analysts believe that tech stocks such as Bukalapak will lure young retail investors and inspire other internet companies to hit the local capital market.

Zomato’s IPO—India’s biggest so far this year—was sold in a price band of INR 74–76 a share from July 14–16.

Can SPACs inject the capital, exposure, and global recognition needed to take the Southeast Asian tech ecosystem to the next level?

Going public in the US is not the only choice, and in light of the current turmoil, not a viable one for Chinese tech giants.

The Cyberspace Administration of China’s influence has swelled rapidly, giving it power to bring tech firms of the highest caliber to heel.