Late-stage, pre-IPO tech firms in Asia draw investors, says Xen Capital's Cokeng

Late-stage, pre-IPO tech firms in Asia draw investors, says Xen Capital's Cokeng

Trading floor of the New York Stock Exchange (NYSE).

The stellar performance of a spate of initial public offerings (IPOs) in the US and Hong Kong has spurred investor interest in privately-held late-stage companies bound for public markets.