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Southeast Asian listings gain momentum with $1 billion IPO

Southeast Asia’s stock-listing market is gaining momentum as the owner of digital wallet GCash prepares to begin trading in the region’s largest initial public offering of the year, the Financial Times reported. The IPO is valued at about $1 billion, according to the RSS item, which did not provide its final pricing.

Why it matters

A large successful debut could encourage more companies to test Southeast Asia’s recovering public markets.

Sources

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