IPO

The Thai platform’s net loss widened by over 91%, but its CEO says this was due to one-off, non-cash accounting items recorded last year.

Revenue was US$4.7 billion in the first quarter and US$11.6 billion in the second, the attendee said.

The IPO will open on October 21 and close on October 23. Jio has set a price band of 1,065 rupees (US$11) to 1,119 rupees (US$12) per share.

Server-related revenue was effectively zero in 2024, but could make up nearly 39% of YMTC’s revenue by 2028, Counterpoint said.

We look at how differently public markets and private investors value AI startups, plus Anthropic’s new office in Singapore.

We decode Flipkart’s quick commerce and food delivery bets and track Asia’s 2027 IPO hopefuls.

Jio Platforms is targeting a valuation of up to 10.3 trillion rupees (US$108 billion), down from earlier expectations of as much as US$170 billion.

Tech in Asia data shows Hong Kong remains a top IPO destination for tech firms across the region among companies that wish to list.

We focus on lessons from building tech products inside government and get an overview of South Korea’s AI-driven funding comeback.

SoftBank’s earlier investment valued the Nigeria-focused fintech at US$2 billion in 2021.