Capital Markets Research

Aug

Kakao Bank’s IPO is a blockbuster

Kakao Bank has been South Korea’s top digital lender, both in terms of users and profitability, for several years. Following a blockbuster US$2.2 billion IPO in which its shares surged more than 79%, it is now also the most valuable publicly-listed South Korean financial firm, with a market capitalization of…

Jul

Asia Capital Markets Research

New York’s loss of Chinese IPOs could be Hong Kong’s gain

Chinese companies raised more than US$12 billion in U.S. markets in the first half of 2021, a half-year record, according to Dealogic. The great U.S.-China financial decoupling had seemingly hit a snag. Then came Didi Chuxing’s catastrophic debut on the NYSE, and just like that, the U.S. IPO pipeline for…

Jul

Asia Capital Markets Research

Bukalapak readies for blockbuster IPO on IDX

Indonesia’s tech juggernauts are coming into their own this year. First Gojek and Tokopedia merged to create GoTo, which plans to list in both the U.S. and Indonesia. Now Tokopedia’s rival Bukalapak has announced its own plans to go public on the Indonesia Stock Exchange in what looks to be…

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