Start-up founders need to understand the exit landscape from the perspective of financial investors—venture capitals (VCs) or private equity (PE) funds.
Recently, Garena, South East Asia’s most valuable tech start-up, was reported to appoint Goldman Sachs for a $1 billion IPO in the US, the largest IPO ever from a SEA-based tech start-up.
SEA vs global tech public market
According to a report by Tech in Asia, there have only been 13 tech IPOs (consumer facing, web 2.0 type) since 2001 from SEA start-ups. However, other than Migme, these are all mainly bootstrapped start-ups, which unfortunately has been facing much criticism from the