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What do Cadbury and Burger King have in common? Beyond being two of my favorite food brands, both have delisted from the stock market.
Burger King went private when it merged with coffee chain Tim Hortons, while Cadbury was delisted following its acquisition by Kraft.
Public companies may choose to go private for several reasons. They may no longer need external funding, want to avoid the demands of quarterly earnings reports and analyst calls, or aim to escape the distractions of large share price fluctuations.
Singapore-based PropertyGuru is likely to take a similar path. Last week, Swedish private equity firm EQT made an offer to acquire the Southeast Asian property listings portal for US$1.1 billion.
In this week’s Big Story, my colleague Simon explores the potential impact of such a deal on investor sentiment toward US-listed Southeast Asian companies. He also goes into the broader implications of this for the region’s startup ecosystem.
— Samreen
THE BIG STORY
Is PropertyGuru’s delisting good for SEA’s tech scene?
Image credit: Timmy Loen
While the proptech firm’s take-private offer may seem like a bust for SEA startups, it shows a silver lining.
3 Trends to keep an eye on
Hot stocks, earnings reports, restructuring, pressure from activist investors, and more.
Ola Electric’s manufacturing process / Photo credit: Ola
2 Eye-popping facts
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The one you didn’t see coming
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