With more than $6 billion in fresh capital invested in ASEAN startups in just the first 3 months of 2021, investors are eyeing the region in a big way, and IPO momentum continues at a record-breaking pace.
Later-stage companies from Indonesia to Singapore to Vietnam are fielding a torrent of calls from SPACs and investment banks across every conceivable sector: e-commerce, healthcare, consumer products, media, and more.
Golden Gate Ventures, a leading venture capital investor in Southeast Asia, predicts that more than 300 IPOs could occur annually by 2030.