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Smart Reads of the Week: Aztech Global Goes Public, Deliveroo and Grab Both Eye IPOs
By The Smart Investor  •  March 20, 2021
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....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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