VNG News

VNG, a diversified platform focused on gaming and media in Vietnam, withdrew its plans for an initial public offering on Monday. It originally filed in August 2023 with a proposed deal size of $100 million. In its withdrawal statement, the company indicated that it planned to refile in the future. The Ho Chi Minh City, Vietnam-based company was founded in 2004 and booked $313...read more

Since the start of the year, new US IPO filing activity has slowly picked up, boosted heavily by small Asian issuers. Small companies have dominated US IPO activity in the past two years. Nearly three-quarters of new filings in 2023 have been for offerings of $50 million or less, and the majority of these small filers are based in Asia. ...read more

The US has long been a top choice for global companies looking to go public. Now that the IPO market is stirring, even foreign companies with trading history abroad are eyeing US listings, hoping for higher valuations and greater liquidity than local markets. The most recent example, UK-based chip designer Arm (ARM) returned to public markets this month, opting...read more

Amid the IPO market’s annual August break, five very small issuers raised a combined $42 million, well below the typically-slow month’s 10-year average (10 IPOs, $1.9B). The lineup included four traditional IPOs, all of which finished below issue, and one direct listing, which delivered volatile trading before being halted for insufficient volume. The month’s...read more