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SG IPO market slows down, raises $337m in proceeds in H1


SG IPO market slows down, raises $337m in proceeds in H1
Lucia DeGuzman
Body
There were only three initial public offerings in Singapore in the first six months of 2021.
Singapore’s initial public offering (IPO) market saw a slowdown in the first half of 2021, with proceeds totalling $337m. Market capitalisation for the three IPOs in the first half stood at $1.11b.
Two of the three IPOs conducted in the first half of the year were listed on Catalist, raising a total of $23m, whilst the one mainboard listing raised $314m.
In its mid-year review, Deloitte said that there is a trend in the Singapore IPO market where the first half is much slower than the second. ....

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Opontia: Enabling e-commerce brands to go global


Opontia: Enabling e-commerce brands to go global
Philip Johnston and Manfred Meyer, co-founders of Opontia
The GCC region is one of the fastest-growing e-commerce markets in the world according to a report from Dubai’s CommerCity, with online sales set to treble by 2022. US-based consultancy firm AT Kearney predicts the region’s e-commerce sector will grow from $29 billion this year to $50 billion by 2025. While the sector continues to see higher adoption of online shopping among consumers, for UAE-based e-commerce enabler Opontia, which acquires e-commerce brands and helps them grow, the sector still has a long way to go. 
“The e-commerce industry in the region is slightly less mature than it is in the US and Europe and Southeast Asia, but it s growing much faster,” says Philip Johnston, co-founder of Opontia. For example, Noon only has an assortment of two million products across both UAE and KSA. Whereas lazada, for example in Malaysia, had 15 million prod ....

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E-commerce logistics startup Locad gets $4.5M seed round led by Sequoia Capital India – TechCrunch

E-commerce logistics startup Locad gets $4.5M seed round led by Sequoia Capital India – TechCrunch
techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.

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E-commerce logistics startup Locad gets $4.9M seed round led by Sequoia Capital India's Surge – TechCrunch – Bestgamingpro

E-commerce logistics startup Locad gets $4.9M seed round led by Sequoia Capital India's Surge – TechCrunch – Bestgamingpro
bestgamingpro.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bestgamingpro.com Daily Mail and Mail on Sunday newspapers.

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