Who's next to list in Asia?

We track Asia’s IPO pipeline, spotlighting GCash’s US$1.5 billion target and the differences in listing location preferences.

Read from your browser Daily Newsletter Welcome to Tech in Asia's daily newsletter, your essential dose of Asia's tech and startup buzz. Subscribe to this newsletter or send story tips to editors@techinasia.com. Ensure our articles appear in your Google searches: IN FOCUS Asia's healthy IPO pipeline A Malaysian giant's planned exit OpenAI's Israel push Hello Betamax, Whenever I speak with GCash for a story, I always try to get more information about its years-long plan to go public. Its IPO is one of the most anticipated listings in the Philippines, given how the company has grown to dominate the country's fintech space. There were some developments lately, with GCash aiming to raise up to US$1.5 billion via its IPO. Meanwhile, its competitor Maya said that it's considering a dual listing in the US and Manila. These companies are just some of the tech heavyweights making up Asia's IPO pipeline. Hong Kong logged 85 IPOs in the first half of 2026 and raised US$26.9 billion, powered by advanced tech and biotech listings. Meanwhile, the Singapore Exchange (SGX) posted five mainboard listings in H1, compared to just one during the same period last year. Unlike GCash, some of Southeast Asia's most recognizable startups are choosing not to list at their home base. Line Man Wongnai, a Thai food delivery player, just finalized plans to go public in New York or Hong Kong. Bitkub, also a Thai company, is prepping a US$200 million IPO in Hong Kong. We're monitoring all of these companies and more in our regularly updated IPO tracker. Miguel Cordon, journalist TOP STORY 1️⃣ Tracking IPOs: GCash inches toward listing, RedDoorz sets stage Our IPO tracker doesn't just look at the startups about to go public. It also checks up on some of the more recent listings across Asia. This update features two tech companies that made their debuts within days of each other in May but saw different outcomes. SkyeChip, a Malaysian semiconductor design firm, opened at 4x its IPO price. Meanwhile, Singapore co-working operator JustCo has had a rough few months since its public debut. By July 20, JustCo's shares had fallen 45.7% below its offer price. Despite that, the company is pushing ahead with opening 28 new locations across several markets this year. A public debut may be a big feat for a tech firm, but keeping the market interested is a whole other challenge. A DATA STORY YOU SHOULDN'T MISS Malaysia's highest-funded tech companies in the last decade Carsome is the highest-funded tech firm in Malaysia this year - a spot it has consistently occupied in the last five years. The online car marketplace also remains the only unicorn in the country. It may also soon join our IPO tracker - it's expected to go public this year or the next. Coming after Carsome in our list is over-the-top media service provider iFlix. But unlike Carsome, it's reportedly taking a different lane when it comes to startup exits. In February this year, it was reported that iFlix is exploring a sale, and that Chinese tech giants have been keeping an eye out for an opportunity exactly like this. TRENDING NEWS 1️⃣ OpenAI prepares commercial push into Israel The ChatGPT maker is starting off with hiring for business development roles instead of engineers. This expansion comes as Israel emerges as a major market for enterprise AI, with a recent study putting it at no. 1 in relative Claude usage globally. 2️⃣ Ant International raises $1.2b in series A Existing investors Ant Group and Alibaba Group joined the round, alongside other international backers. With the new capital, the fintech firm is looking to drive its global expansion and bolster its merchant payment and financial services network, which connects over 150 million merchants worldwide. 3️⃣ China's GigaAI eyes Hong Kong IPO The Beijing-based startup, which builds world models for robotics and autonomous driving, is mulling a listing in Hong Kong as early as this year. GigaAI is currently closing a funding round at a valuation of US$3 billion. 4️⃣ Paytm Q1 profit jumps 79% as revenue rises 28% Despite strong results driven by merchant and consumer payment growth, Paytm's board decided to withdraw its proposed bonus share issue to prioritize long-term profitability and growth. 5️⃣ Revolut opens first APAC bank in Australia Prior to the launch, the UK-based firm had 1 million customers in Australia from its travel card and foreign exchange services. Revolut is looking to invest US$279 million in the country over the next five years. INDUSTRIAL-SCALE AI MASTERCLASS In conversation with the CEO of Certis We're thrilled to announce that Ng Tian Beng, president and group CEO of Certis, is joining us at the Tech in Asia Conference 2026 to talk about the tactical reality of leading a 25,000-person workforce into the AI era. With over 25 years of experience in tech leadership, including a tenure as senior vice president at Dell Technologies, where he oversaw a multi-billion-dollar business, Tian Beng brings unparalleled expertise in driving ops-tech transformation. His knowledge in navigating strategic partnerships and national initiatives in Singapore provides a blueprint for scaling AI across critical infrastructure like airports and borders. This session moves beyond the boardroom to uncover the governance and infrastructure decisions required to deploy AI where it matters most. Join us in Singapore to learn from a leader who has spent decades shaping the tech landscape across Asia Pacific. PRESS PEEKS The following press releases were published as they were received, without any editing from the Tech in Asia team. You, too, can publish your own press release on our site by simply filling out this form. Our team will get back to you by the next business day. Kisti - Kisti Wants to Become Asia's Default "Pay Later" Button, Starting in Bangladesh: Kisti is preparing to launch zero-interest Buy Now, Pay Later in Bangladesh in 2026, with a vision to expand across Asia. EVENTS HAPPENING You can also check out our curated list of trending tech events and Tech in Asia's signature events. Unlock the Lightning Pitch advantage At Tech in Asia Conference 2026, Lightning Pitch places your brand on high-traffic pop-up stages where founders and builders present real solutions in 15 minutes, creating fast-moving visibility around practical technologies, emerging use cases, and the decision-makers exploring what comes next. Partner with Tech in Asia Conference 2026 to be where real solutions get seen, grasped, and carried into meaningful conversations. WHO'S HIRING You can post a job here or search for jobs here. Marketing Manager (EduTech) at Cakap | Tangerang, Indonesia IT Governance, Risk, and Compliance (GRC) at PT. ASLI Rancangan Indonesia | Jakarta, Indonesia Digital Marketing Specialist at Boleh Dicoba Digital | Bandung, Java, Indonesia ADVERTISE | SUBSCRIBE | HIRE | FIND JOBS P.S. Don't miss out on the biggest tech news and analysis. Add newsletter@techinasia.com to your address book, contacts, or safe sender list. Or simply move us into your inbox. Tech in Asia thanks our partners for supporting our newsletters. Sponsorship has no influence on editorial content. Too many emails? Switch to a different frequency or get new content through our preference center, or unsubscribe. You can also remove yourself from all Tech in Asia emails over here. Copyright © 2026 Tech in Asia, All rights reserved. Tech in Asia (Podium Level 3), 1000 Toa Payoh North, News Centre, Singapore 318994