Singapore’s Sea poised to raise US$850m in IPO

SINGAPORE: Singapore’s Sea Ltd. plans to price shares at $15 in its initial public offering and raise more than $850 million, according to people familiar with the matter. The total amount may be more than $1 billion if an option to sell additional ... ( read original story ...)

Magic Leap Confirms $500 Million Finance Round led by Temasek

Mixed reality hardware startup, Magic Leap has confirmed that it has raised $502 million in a funding round led by Singapore’s sovereign wealth fund Temasek. The firm previously raised more than $1.3 billion from investors including Google, Alibaba and ... ( read original story ...)

Will Hong Kong spark a race to the bottom in IPO rules?

Some big Hong Kong listings are expected to be pushed into 2018, but the pipeline remains strong. Hoping to increase its share of IPOs, the Singapore Exchange launched discussions last year over a more relaxed approach to dual-share listings. If the plan ... ( read original story ...)

Singapore Stock Market Has Positive Lead

The Singapore stock market has finished higher in consecutive trading days, collecting almost 40 points or 1.2 percent along the way. The Straits Times Index now rests just beneath the 3,320-point plateau and it's looking at another green light on Monday. ( read original story ...)

U.S. exchanges set for highest number of Asian IPOs since 2010

HONG KONG (Reuters) - U.S. exchanges are set to record their busiest year for IPOs from Asian firms since 2010 and may sustain the pace in 2018, as startups from Taiwan, Singapore, Indonesia and Vietnam join a flurry of Chinese firms that have already ... ( read original story ...)

Vincom set to raise up to $680m in record Vietnam IPO

The price range would mean that Warburg Pincus’s 4.8tn dong ($211m) investment will more than double in value after the IPO, with the group expected to reduce its ownership from 15.2 per cent to 4.89 per cent. Credit Suisse’s Singapore branch is set to ... ( read original story ...)

Mutual funds stock up on IPOs, large caps

Thanks to the advantage of capturing an early growth through IPOs, fund managers are making sure of their ... is likely to benefit from rebound in the Singapore refining margins—a benchmark regional refining margin—in the September quarter and stable ... ( read original story ...)

Singapore snaps up 10% of Glenveagh as housebuilder floats

The shares were sold in the IPO at a price of €1 each. Singapore’s GIC currently owns 10.2 per cent of Glenveagh, though this will fall to 9.4 per cent, subject to the additional shares being placed, according to a final prospectus on the deal ... ( read original story ...)

Saudis Weigh Delaying International Part of Aramco IPO

That would eclipse the $25 billion raised by Alibaba Group Holding Ltd. in 2014. London and New York exchanges are vying for a role in Aramco IPO, with Hong Kong, Singapore, Tokyo and Toronto also trying to attract the sale. The Financial Conduct Authority ... ( read original story ...)

Aramco IPO may be delayed

That would eclipse the US$25bil raised by Alibaba Group Holding Ltd in 2014. London and New York exchanges are vying for a role in the Aramco IPO, with Hong Kong, Singapore, Tokyo and Toronto also trying to attract the sale. The Financial Conduct Authority ... ( read original story ...)

Asean banks need to raise the bar in sustainable finance

Jeanne Stampe, WWF’s head of Asia finance and commodities, commented that while Singapore banks are in the lead, this is based on the information they disclose. “Some banks maybe doing but not saying,” she said. The report recommends that financial ... ( read original story ...)