Number of start-ups going public in South-east Asia predicted to triple by end of decade
Number of start-ups going public in...
SINGAPORE - More start-ups in South-east Asia are expected to go public, with the annual number of initial public offerings (IPOs) in the region expected to cross 300 by 2030.
This would be almost three times the number of regional firms that went public in 2020.
Some of the firms likely to list are online marketplace Carousell, real estate platform PropertyGuru and travel booking site Traveloka, according to a report released on Thursday (July 15).
The report by venture capital (VC) firm Golden Gate Ventures also anticipates that funding for the entertainment and media sector will grow substantially over the decade.