The listing could give it a valuation of US$5.5 billion to US$7 billion, say sources. . Read more at straitstimes.com. ( read original story ...)
Fintech Pine Labs confidentially files for US IPO; seeks to raise $500 mln at over $5.5 bln valuation
The company has filed confidentially with the U.S. SEC for an initial public offering in New York as soon as in the first half of this year, Bloomberg reported. ( read original story ...)
Fintech startup Pine Labs seeks to raise $500 million in IPO: Report
Labs Pvt, an Asian digital payments provider backed by Sequoia India and Mastercard Inc., is moving ahead with preparations for a US listing and seeks to raise about $500 million ... ( read original story ...)
REITS recovery to push through despite Omicron threat: UOB
But delays are to be expected. Singapore's REITS will continue to recover but may encounter delays, according to a report by UOB Kay Hian. UOB Kay Hian’s Jonathan Koh, CFA, said Singapore’s open ... ( read original story ...)
Dancing with Giants: An insider’s view of the world of infrastructure finance
According to the Global Infrastructure Outlook, a Group of 20 initiative, the global infrastructure investment gap will widen to at least US$15 trillion by 2040 - a chasm which has to be filled by ... ( read original story ...)
HSBC Asset Management taps State Street executive for ETF, indexing business
HSBC Asset Management has hired Cheong Mun Fai from State Street Global Advisors as senior vice president of exchange-traded fund and indexing business development. Based in Singapore, he will be ... ( read original story ...)
Singapore, Swiss licensed digital firm Sygnum raises US$90 million in Series B funding
Singapore and Switzerland-licensed digital asset firm Sygnum has raised US$90 million in a Series B funding that it describes as a “key milestone” in its global expansion and values the firm at $800 ... ( read original story ...)
OCBC phishing scam left victim broke and starving on Christmas Day
Being penniless and hungry on Christmas Day was not something that 33-year-old Trisha (not her real name), whose OCBC bank account was targeted by scammers through an SMS phishing scam on Christmas ... ( read original story ...)
OCBC continues with physical tokens, reversing plan to phase them out
The bank had planned to transition to a fully digital authentication process. . Read more at straitstimes.com. ( read original story ...)
OCBC Bank customer lost $120k in fake text message scam; another had $250k stolen
SINGAPORE - It took him and his wife five years to save about $120,000, but in just 30 minutes, scammers using a fake text message stole the money they had kept in their OCBC Bank joint-savings ... ( read original story ...)
NTUC Income should avoid another ‘POSB’ episode amid bid to corporatise
The co-op insurer must continue providing affordable protection amid its bid to corporatise. . Read more at straitstimes.com. ( read original story ...)
Singapore SPAC Vertex Technology Set for Local Listing on Jan 21 – Source
A Singapore special-purpose acquisition company (SPAC) backed by state investor Temasek's Vertex Venture Holdings has started the book building for its initial public offering (IPO) and is set to list ... ( read original story ...)
HSBC Mulls Raising Stake in China Securities Joint Venture
HSBC Holdings (HSBC) is planning to raise its stake in the securities joint venture - HSBC Qianhai Securities Limited - to 90% as its partner sells the stake. ( read original story ...)
Temasek-backed Vertex files first Spac IPO prospectus, followed by Pegasus
Temasek-backed Vertex Technology Acquisition Corp (VTAC) lodged the first preliminary prospectus for an initial public offering (IPO) with the Monetary Authority of Singapore (MAS) on Thursday (Jan 6) ... ( read original story ...)
HSBC Asset Management adds senior ETF sales executive for Asia
HSBC Asset Management hired SSGA veteran Cheong Mun Fai as a senior ETF, index sales executive for the Asian region. ( read original story ...)
HSBC Asset Management Appoints Senior Vice President, ETF & Indexing Business Development
HSBC Asset Management (HSBC AM) has announced that it has appointed Cheong Mun Fai as Senior Vice President, ETF & Indexing Business Development, effective 1 December, 2021. Based in Singapore, Mun ... ( read original story ...)