Indonesian fintech startup Ovo expects to breakeven in 2-3 yrs

The Lippo and Grab-backed startup, last valued at about $2.9 billion, is riding Indonesia’s cashless payments wave to bring merchants and financial institutions timely consumer insights. Ovo’s CEO Jason Thompson sees a fresh fundraising drive next year to support growth.
September 09, 2019

Lippo sells first Matahari block since re-IPO

Chinese-Indonesian conglomerate raised $125m from secondary selldown of shares in Matahari Department Store, potentially creating an overhang for the remainder of its shares.
September 06, 2016

Lippo Karawaci: tap-dancing to bond success

The Indonesian developer returned to the bond markets this week, after an earlier debt exchange proved a flop. That previous failure turned out to be a blessing.
August 04, 2016

Link Net launches landmark Indonesian deal

Having completed a technical IPO in June, the Indonesian TV operator hopes to build up an institutional investor base with a new deal, which launches roadshows on Monday.
October 12, 2014

OUE sell-down reduced by 40%, CB on hold

The controlling shareholder of Singapore-based developer Overseas Union Enterprise sells $148 million worth of shares in a deal that will almost double the free-float to 20.7%.
June 16, 2010