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Insight - Zombie unicorns – Indian startups go from feast to famine
THE valuation of Meesho, the Indian e-commerce rival of retail giant Amazon, more than doubled last year to US$5bil (RM22bil), after marquee investors such as SoftBank and Fidelity pumped in hundreds of millions of dollars.
Weststar Group weighs US$300mil helicopter unit IPO
KUALA LUMPUR: The Weststar Group is considering an initial public offering of its helicopter services unit in Kuala Lumpur to raise at least $300 million, according to people with knowledge of the matter.
Yew Lee Pacific Group launches IPO prospectus
KUALA LUMPUR: Yew Lee Pacific Group Bhd has launched its prospectus for an initial public offering (IPO) for a listing on the ACE Market of Bursa Malaysia.
Facebook: from Harvard dorm to global phenomenon
Key chapters in the history of Facebook, the world’s biggest social media application, which marks the tenth anniversary on May 18 of its stock market debut.
India's Life Insurance Corp set for lacklustre market debut, analysts say
MUMBAI:Life Insurance Corp is likely to see a lacklustre debut when it lists on Indian stock exchanges on Tuesday despite the $2.7 billion initial public offering being oversubscribed, analysts said.
Spike in raw material price may impact profits
PETALING JAYA: Malaysian corporates are likely to post a slowdown in corporate earnings growth this year as inflationary pressures, the spike in raw material prices and the Russia-Ukraine war impact profitability.
After SPAC mania, startups face cash crunch
NEW YORK: Two years into the special-purpose acquisition company (SPAC) merger boom for electric-vehicle (EV) startups, companies are having a tough time finding cash to actually produce cars.
Opinion: Bitcoin, NFTs, SPACs, meme stocks — all those pandemic investment darlings are crashing
Since so many of these novel investments were pitched as countercyclical alternatives to conventional stocks and bonds — that they'd save investors from a bear market — it's proper to examine how they've failed to fulfil that promise.
Vietnam's Vinfast IPO may be delayed to 2023 on market uncertainty
The chairman of Vietnam's Vingroup conglomerate has announced this week that an initial public offering (IPO) for the company's auto unit, VinFast, may be delayed until next year due to market uncertainty.
Coinbase sued over stablecoin
NEW YORK: Coinbase Global Inc was sued over its role in the promotion and trading of a stablecoin cryptocurrency that allegedly turned out to be “anything but.”