Filing for a public offering is on the minds of numerous big SE Asian companies, many trying to file initial public offerings (IPOs) in a region that is home to some 400 million online users, per CNBC. Interestingly, just 10 percent of the area’s online users logged on for the first time last year, according to the article.
“We have done such back-of-the-envelope calculations that it’s not hard to imagine there’s a lot more data we are not looking at, in terms of the rounds that are either not announced or companies that are still under the radar,” said Amit Anand, founding partner at Jungle Ventures.
Singapore, Malaysia, Indonesia, the Philippines, Vietnam and Thailand all have among the biggest economies in the region. Some big Southeast Asian startups have brought in capital infusions topping historic numbers of $6 billion in the first three months of 2021, according to the article.
Anand noted that investments are the cornerstone of growth, and that Jungle Ventures is ready to help others expand regardless of their physical operations.
See also: FinTechs, Investors Fast-Track APAC’s Connected Economy Future
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“If you look at the growth rate of the last three to five years in Southeast Asia, if it continues, which by all means it will, you’re going to head to a trillion dollars even before 2025,” Anand predicted.
