With the world economy on the path of recovery, more companies are expressing an interest to tap on capital markets to grow.
Several well-known companies have been reportedly in talks to raise money now that markets are more ebullient.
For instance, Grab, one of Asia’s best-known private companies, is in talks to go public through a merger with a special purpose acquisition company, or SPAC.
If the deal goes through, the ride-hailing cum food delivery company could be valued at US$40 billion.
Meanwhile, Deliveroo, a UK-based food delivery company with global operations, has announced its intention to raise £1 billion in an IPO on the London Stock Exchange.
Back home, Aztech Global Ltd (SGX: 8AZ), a one-stop design and manufacturing company for the electronics industry, listed on the Singapore bourse about a week ago.
The company announced that the IPO’s public tranche was 18.4 times over-subscribed, demonstrating strong demand for its shares....