We're back on the IPO watch. Indonesia gets all the buzz for local IPOs. But, surprise! Thailand takes the cake as the hottest market for IPOs in SEA.
Not enough. While it's #1, Thailand's stock exchange (SET) is still full of traditional companies. It's encouraging tech-driven startups to go local for IPOs by making listings more attractive.
🤠Rumor has it
With the changes, we hear that a few Thai startups are considering listing locally by next year.
🛒 aCommerce meets eCommerce
aCommerce is one of SEA's largest e-commerce enablers— helping over 173 companies like Samsung and Unilever grow and optimize their e-commerce platforms. It's looking to raise over $200M in its IPO, even appointing new directors to prep.
👗 Let's talk fashion
JD.com-backed Pomelo also has a local listing in the works, with plans to raise $300M–$400M. It's one of Southeast Asia's leading omnichannel women's fashion brands.
Zoom out. It's an SEA-wide trend. Both the Indonesian and Singaporean exchanges have lowered barriers and made new rules to encourage tech startups to list locally — instead of heading to the US.
Mega Scoop: Deloitte's report on the Southeast Asia IPO capital market.
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