SE Asia looks well set to cross tech IPO target by 2029: Asia Partners report

SE Asia looks well set to cross tech IPO target by 2029: Asia Partners report

Merlion, Singapore. Photo by Jisun Han on Unsplash.

Just a year before COVID-19 took a toll on the global financial markets, private equity firm Asia Partners predicted that Southeast Asia will be home to at least 20 more tech unicorns by 2029. In its 2019 Internet Report, the private equity firm also said Southeast Asia would have at least 10 more billion-dollar tech companies that will pursue IPOs over the next decade.