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In focus
- Analysts see a stronger IPO market in 2026 for SEA
- Revisiting Tech in Asia’s Traveloka analysis
- Get your startup featured with us
Hello reader,
It’s the most wonderful time of the year.
Christmas songs are in full swing, halls and everything else are all decked out, and party tables are piled high with food and drinks. Even Southeast Asia’s startup scene is ending 2025 on a cheerful note.
Indonesia’s Superbank and six other VC-backed startups in the region went public this year, marking the highest number of listings Southeast Asia has seen in the past three years.
While Superbank may be the most recognizable name among them, several of these companies have been operating for years, weathering a tough business environment before finally securing their exits through public listings.
In our Top Story for this edition, I spoke with analysts who expect this momentum to carry into 2026, as global macroeconomic conditions improve and more startups shift away from “growth at all costs” and aim for profitability.
We’ll be keeping a close eye on how this unfolds. In the meantime, enjoy the holidays!
P.S. We’re taking a short break on December 25 and will be back in your inbox the next day.
Elyssa Lopez, journalist
Top Story
Will 2026 mark the revival of Southeast Asia’s IPO hopefuls?

Photo credit: Nuswantaro Collection / Shutterstock
Market sentiment this year was weighed down by volatility, driven by high interest rates and political risks, an analyst said. This prompted some tech startups to delay their IPO plans until 2026.
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