initial public offering

  • Tencent’s online publishing arm set to raise $1B in Hong Kong IPO

    Tencent’s online publishing arm set to raise $1B in Hong Kong IPO

    Tencent’s China Literature, an Amazon-like e-book business, is continuing the trend of Asian tech IPOs after it announced its public listing in Hong Kong will raise $1.06 billion on Wednesday. The company set the price for its 151,371,800 share offering at HK$55, the top end of its range, and it could sell an additional 22.7 million through a greenshoe option with underwriters. The… Read More

  • Southeast Asia gaming and e-commerce firm Sea ends first day on NYSE up 8%

    Southeast Asia gaming and e-commerce firm Sea ends first day on NYSE up 8%

    Sea, the gaming and e-commerce company holding the first major U.S. IPO from a Southeast Asian tech firm, had a bumpy start to life on the NYSE after closing the day up around eight percent on its list price of $15. The company raised $884 million from its listing, but it could surpass $1 billion if all allotted shares are purchased by underwriters. The share — listed as… Read More

  • Southeast Asia games firm Sea, formerly Garena, files for $1 billion US IPO

    Southeast Asia games firm Sea, formerly Garena, files for $1 billion US IPO

    Southeast Asia-based games and e-commerce firm Sea, formerly known as Garena, has officially filed for its much-anticipated U.S. IPO. The company, which is valued at over $3.75 billion, will list on the New York Stock Exchange as ‘SE’ and is looking to raise $1 billion. Sea is best known for its Garena gaming business, which predominantly focuses on PC games but also includes… Read More

  • Apttus scores $55M as it closes in on an IPO

    Apttus scores $55M as it closes in on an IPO

    Apttus, the unicorn quote-to-cash vendor built on the Salesforce platform, announced a $55 million round, which is likely its final private investment on the way to an IPO. While CEO Kirk Krappe wouldn’t definitively confirm the company was going public, he did say that today’s round was about gaining the confidence of future investors. “We decided we needed a certain amount… Read More

  • Japanese startup plans one-stop ICO platform fueled by VC investment and an ICO

    Japanese startup plans one-stop ICO platform fueled by VC investment and an ICO

    China banned ICOs this week and it is investigating platforms that facilitate them. Over in nearby Japan, one company is hatching an ambitious plan to offer a one-stop-service to let companies across the world take advantage of blockchain technology and IPOs. And all without violating financial regulations. Tech Bureau currently helps companies with consultancy and a range of… Read More

  • Spotify launches in Thailand to continue its Asia push

    Spotify launches in Thailand to continue its Asia push

    While talk of Spotify’s apparent upcoming IPO continues in the U.S., the music streaming service is furthering its coverage of Asia after it launched its service in Thailand. Spotify Premium, which counts over 60 million paying users, will cost 129 THB in Thailand. That’s just over $4 and in line with its pricing across Asia. Customers in the U.S. and UK will be aware that it… Read More

  • Will Blue Apron’s rebound continue?

    Will Blue Apron’s rebound continue?

    Cooking kit delivery company Blue Apron traded up 3.5% on the stock market Monday, erasing some of the losses from its first two days as a public company. Shares closed at $9.67, which was still beneath last week’s $10 IPO price. This is in contrast to a lot of public debuts, where companies are typically in the green for the first day “pop.” It’s the subsequent days… Read More

  • Blue Apron whiffs on first day of trading

    Blue Apron whiffs on first day of trading

    Blue Apron investors might be shedding a tear — and it’s not from the chopped onions. The subscription service for at-home cooking closed the day just barely above $10 per share. This is not only a disappointment for the company, which hoped to raise more money by selling stock at $15 to $17 to share, but also for the new investors who bought at the $10 IPO price. Read More

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