Capital Markets Research

Nov

A GCash IPO in 2025 seems likely

Ant Group and Globe-backed Mynt, which operates the e-wallet GCash, has been on a winning streak. Long one of the Philippines’ most valuable startups, its valuation jumped to US$5 billion in August – more than doubling its previous valuation of US$2 billion that it reached in 2021 – following a…

Oct

Asia Capital Markets Research

Are Hong Kong’s capital markets recovering?

Hong Kong’s capital markets have had a tough couple of years. The Hong Kong Stock Exchange (HKEX) closed 2023 as the worst performing exchange in the world. HKEX plunged 24%, erasing US$13 billion in market capitalization, according to Bloomberg. Unsurprisingly, IPO activity was tepid in Hong Kong last year, and…

Sep

Asia Capital Markets Research

Japan leans into sustainable finance

Japan has an ambitious plan to reach net zero by 2050, which includes reducing greenhouse gas emissions by 46% compared to 2013 levels by 2030. In support of that goal, the Japanese government has rolled out a Green Growth Strategy and created a US$15 billion Green Innovation Fund. An additional…

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