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Investors hope unicorns will snap up Southeast Asian startups
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Mon, 16 Sep. 2019
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Singapore
Author: Nikkei Asian Review
Publish Date: 11 September 2019
TOKYO/SINGAPORE – For a country with little success in having homegrown startups go public, the sale of Philippine payments company Coins.ph in January was a landmark deal. But it had a twist. Instead of raising cash through an initial public offering of its shares, the startup found a different kind of buyer – Indonesian ride-hailing company Go-Jek, which acquired Coins for more than $70 million.
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