IPO

Startups cancel listings in face of crushing competition from big players.

CEO says listing amid a market downturn is a “testament” to its long-term potential.

There’s growing skepticism about SPACs but deals are still being sealed in Asia.

Financial centers look unlikely to recreate the U.S. boom in shell company IPOs.

PropertyGuru and GoTo are the next regional tech firms to go public.

Japan’s top online bank, SBI Sumishin Net Bank, also delayed its USD 1.2 billion IPO scheduled on March 24.

Major enterprises and financial institutions are putting cryptocurrency on their balance sheets, legitimizing virtual assets.

Companies like GoTo, Traveloka, Tiket.com, SiCepat, and Blibli are reportedly planning to go public in Jakarta next year.