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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.
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.
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.
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.
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.
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.
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.
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.
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.