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IPO

Building a vibrant IPO ecosystem in SEA
Insights

Building a vibrant IPO ecosystem in Southeast Asia

In the past few years, the Southeast Asian IPO (Initial Public Offering) market has been more dynamic than ever. Though slowing down in 2024 with relatively lower capital raised—US$2.8 billion decline from 2023, Southeast Asia saw a whopping 122 IPOs in 2024 alone. Many contribute…
Shaping the future of M&A in Southeast Asia
Insights

Shaping the future of M&A in Southeast Asia

After seeing an outstanding peak of M&A (Mergers & Acquisitions) performance in 2022—totaling 174 deals—the Southeast Asian M&A landscape fell down the slope for the second year. With only 99 transactions, the landscape reflected a 12% YoY (Year-on-Year) decline in 2024. Nevertheless, there is optimism…
From Portfolios

Brewing success: Fore’s journey to IPO

Let us go back to March 2025, when we finally received approval from the Indonesian Financial Services Authority (Otoritas Jasa Keuangan / OJK) to pursue Fore’s IPO. However, the good news came amidst Indonesia’s market turmoil due to global economic uncertainties, trade tensions, and domestic…