Thai Beverage is preparing to take its brewery business public on the Singapore Exchange in an IPO that could raise over US$2 billion. The firm behind Chang Beer is one of Thailand’s largest conglomerates and the IPO represents a stark contrast as the country’s economy struggles with the impacts of the pandemic and rising wealth inequality.
Alibaba’s record-breaking listing on the Stock Exchange of Hong Kong is sending ripples across the e-commerce sector.
The Singapore Exchange (SGX) has struggled with poor IPO performance and an upcoming Federal Reserve Interest hike. Nonetheless, its future is still promising.