India: Newgen Software raises $200m from anchor investors ahead of IPO

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Venture capital investors selling their stakes include IDG Ventures, SAP Ventures and Ascent Capital.

China Hongqiao plans $800m share sale to reduce debt

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It will sell the stake to its controlling shareholder.


India: JM Financial appoints banks for $100m QIP

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Last year witnessed record levels of QIP activity, driven by the financial services sector.


Vietjet co-founder, Shell among those vying for PV Oil strategic stake

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PV Oil, a PetroVietnam subsidiary, plans to offer 20% of its shares in an IPO on January 25, and another 44.72% stake to strategic investors through a private placement.


China said to escalate crackdown on cryptocurrency trades

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Up until early last year, China was the most active market for bitcoin trading on exchanges.


Philippine Stock Exchange buys San Miguel’s stake in PDS Holdings

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The latest deal will boost PSE’s stake in PDS Holdings to 61.03 percent.


China’s Lufax seeks $60b valuation with April IPO in Hong Kong: Report

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Lufax’s would be the second mega fintech share offering in Hong Kong after ZhongAn Online Property & Casualty Insurance, which raised $1.5 billion in September.


Xiaomi selects Morgan Stanley, Goldman among banks for planned IPO

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Credit Suisse and Deutsche Bank have also been chosen to work on the IPO that could see the company target a valuation of as much as $100b.


South Korea says planned ban on cryptocurrency exchanges not yet finalised

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South Korea said its plans had not yet been finalised as government agencies were still in talks to decide how to regulate the cryptocurrency market.


SoftBank mulls IPO of mobile phone unit, said to seek $18b

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A spin-off – potentially the biggest IPO by a Japanese company in nearly two decades – would give SoftBank’s wireless unit more autonomy.