By Yantoultra Ngui and Scott Murdoch SINGAPORE/SYDNEY (Reuters) - Several Southeast Asian companies are considering listing in the United States, ...
By Yantoultra Ngui and Scott Murdoch SINGAPORE/SYDNEY - Several Southeast Asian companies are considering listing in the United States, banking on strong investor appetite for emergingBy Yantoultra Ngui and Scott Murdoch
This comes on top of recently announced plans by Vietnamese internet company VNG Corp and Philippine real estate company DoubleDragon Corp's Hotel101 Global to list in the U.S., filling a void left by Chinese companies which hit the pause button on U.S. IPOs after political tensions with Washington intensified, Beijing tightened scrutiny of domestic firms seeking overseas listings and China's own economy slowed.
ASEAN, the 10-member Association of Southeast Asian Nations, includes Thailand, Singapore, Malaysia and Vietnam. The bloc's biggest car e-commerce platform Carsome Group has also said it was considering various global exchanges, including those in the U.S., for a potential listing. For investors seeking emerging market exposure, Southeast Asia fits the bill, because of the region's strong economic growth and increasing population, analysts say.
The plans by Southeast Asian firms to list in the U.S. should also cheer Wall Street banks in Asia, who generate about a third of their revenues from equity capital market deals which all but dried up with Chinese IPOs. Andrew Lim, Gushcloud's chief financial officer, also said a U.S. listing would expose the company to"investor familiarity with fast growing new economy companies".
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Analysis-More SE Asia firms consider U.S. IPOs, filling void left by China peersSeveral Southeast Asian companies are considering listing in the United States, banking on strong investor appetite for emerging market growth in the absence of Chinese stock offerings. Senior executives in leading SME digital financing platform Funding Societies, Singapore-based entertainment firm Gushcloud International and Thai insurance technology firm Sunday told Reuters they were looking into New York as one of their initial public offering (IPO) venues. This comes on top of recently announced plans by Vietnamese internet company VNG Corp and Philippine real estate company DoubleDragon Corp's Hotel101 Global to list in the U.S., filling a void left by Chinese companies which hit the pause button on U.S. IPOs after political tensions with Washington intensified, Beijing tightened scrutiny of domestic firms seeking overseas listings and China's own economy slowed.
Lire la suite »
Analysis-Upheavals in Xi's world spread concern about China's diplomacyBy Greg Torode and Martin Quin Pollard BEIJING (Reuters) - The disappearance of China's defence minister, the latest in a string of upheavals in the ...
Lire la suite »
Analysis-Upheavals in Xi's world spread concern about China's diplomacyBy Greg Torode and Martin Quin Pollard BEIJING (Reuters) - The disappearance of China's defence minister, the latest in a string of upheavals in the ...
Lire la suite »
Motor racing-Team by team analysis of the Singapore Grand Prix(Reuters) - Team by team analysis of Sunday's Singapore Grand Prix, the 15th round of the 22-race Formula One season (listed in current championship ...
Lire la suite »
Miner's Drilldown: Weekly technical analysis of the top 10 gold and mining stocksKitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Lire la suite »
Analysis-Lula struggles to revive Brazil's 'soft power' amid US-China tensionsBy Anthony Boadle BRASILIA (Reuters) - Since he returned to office in January, Brazil's President Luiz Inacio Lula da Silva has traveled to 21 ...
Lire la suite »