Sector Analysis

Netherlands-listed technology investor Prosus, formed out of the corporate venturing assets collected by South Africa-listed media group Naspers, has sold 2% of China-based gaming and social media group Tencent for $14.7bn.

The oncology drug developer, backed by Bristol Myers Squibb, secured close to $144m in its IPO. This is an exit from a space that has seen much corporate support over the past decade.

Vertical take-off and landing jet developer Lilium went public by joining forces with Nasdaq-listed SPAC.

The SoftBank-backed automotive e-commerce platform developer ACV Auctions went public in an IPO last week. The company is part of the vehicle marketplace space which has seen much attention from corporate venture investors.

Ahead of the Tencent’s upcoming regulatory filing, we provide a brief overview of three of the largest initial public offerings (IPOs) from 2020 in which the China-based internet company either scored an exit or increased its stake.

Feature: artificial intelligence driving disease prevention, digital health enables personalised medicine, investment takes off

Sector analysis: Industrial

The large IPO of South Korea-based e-marketplace Coupang took place last week and UK-based Global E also filed to go public. We had not seen as many IPOs of companies from this space before. However, with the boost from the pandemic and frothy public markets, we may see more going forward.