In today’s briefing:
- Aye Finance Ltd Pre-IPO Tearsheet
- Asia Real Estate Tracker (06-Jan-2025): Asia Real Estate News 2025-01-06
Aye Finance Ltd Pre-IPO Tearsheet
- Aye FInance Ltd (1239156D IN) (AFL) is looking to raise about US$171m in its upcoming India IPO. The bookrunners for the deal are Axis, IIFL, JM Fin, Nuvama.
- AFL is a non-banking financial company – middle layer (NBFC-ML) that focuses on providing loans to micro, small, and medium enterprises (MSMEs) across India.
- According to CRISIL Report, AFL is recognized as the fastest-growing NBFC in India among its peers with YoY AUM growth between FY24 and FY23, achieving a growth rate of 64%.
Asia Real Estate Tracker (06-Jan-2025): Asia Real Estate News 2025-01-06
- CPPIB is set to sell a China mall to Dajia Insurance for $163M, showcasing a significant real estate deal in Asia.
- GDS announces rebranding of its international unit as DayOne, reflecting a strategic shift within the company.
- Henderson Land plans expansion in Mid-Levels, Hong Kong, while Schroders markets Kowloon Complex floor after canceled auction. Singapore private home prices surge in Q4 with 3-5% growth predicted for 2025.
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