The Rise and Fall of SEA Tech

Nathan Naidu, Equity Research Analyst, Bloomberg Intelligence

14-Feb-23 07:45

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Last year saw the incredible reversal of fortunes of high-profile Southeast Asia tech start-ups. At the end of 2022, the combined market cap of Grab, GoTo and BukaLapak fell by USD51 billion, a far cry from the lofty valuations the trio commanded when they each made their IPO debuts. How might 2023 play out for the regional tech sector - can companies reverse the decline in share price and improve prospects? Nathan Naidu of Bloomberg Intelligence gives his take.

Image Credit: Adansijav Official / Shutterstock.com

Produced by: Shazana Mokhtar

Presented by: Shazana Mokhtar, Wong Shou Ning, Chong Tjen San

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Categories: markets, technology

Tags: goto, grab, ipo,

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