Unicorn valuations are fit to burst, warn investors

The Indonesian unicorn forged ahead with its listing despite a weak stock markets, inflationary uncertainty and the war in Ukraine.

Despite challenges, regional opportunities exist in structured credit, defensive corporate exposures, high-yield bonds, and emerging market sovereigns, according to MFS Investment Management's Pilar Gomez-Bravo.

Recent deals have involved hotel, food delivery and energy assets from firms in Vietnam, Taiwan, Japan and Thailand. Japanese corporates are seeking diversification in western markets.

But to keep the private capital rolling it is important to focus on quality and not just quantity, says the start-up's president, Ming Maa.

President Ming Maa tells FinanceAsia about why the mobility app needs a fresh capital infusion to build scale across Southeast Asia and how that expansion squares with its route to profitability.

A Grab-Gojek consolidation has always been the talk of the town, given overlapping business similarities, but never taken seriously – until now. There are two outcomes that seem the most likely, but an M&A is not one of them.