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SouthEast Asian Companies that IPOed on the Australian Stock Exchange

<p>Australia has in recent years become an attractive location for promising Southeast Asian tech companies to launch their IPOs&period; The following is a list of notable Southeast Asian tech companies that have launched their IPOs in Australia&colon;<&sol;p>&NewLine;<p><strong>Netccentric &lpar;Singapore&rpar;<&sol;strong><br &sol;>&NewLine;Netccentric is a Singapore-based digital marketing company and is the parent company of Nuffnang&comma; Asia’s leading blog advertising network&period; Netccentric started trading on the Australian Securities Exchange &lpar;ASX&rpar; in July 2015 and has raised A&dollar;12&period;5 million &lpar;US&dollar;9&period;38 million&rpar; in its offering&period;<&sol;p>&NewLine;<p><strong>iCandy Interactive &lpar;Malaysia&rpar;<&sol;strong><br &sol;>&NewLine;iCandy Interactive is a free-to-play mobile games studio based in Malaysia&period; It has produced games for both the App Store and the Play Store&comma; achieving more than 10 million downloads since its inception&period; Revenue is generated through in-game purchases&comma; mobile advertisements and game-related merchandise sales&period; iCandy’s IPO in 2016 was oversubscribed by 92 percent&comma; raising A&dollar;4&period;8 million &lpar;US&dollar;3&period;6 million&rpar; for the company&period;<&sol;p>&NewLine;<p><strong>Ensogo &lpar;Singapore&rpar;<&sol;strong><br &sol;>&NewLine;Ensogo &lpar;formerly known as iBuy Group&rpar; is an e-commerce company that was formed from the acquisition of multiple e-commerce companies across Asia&comma; including Dealguru &lpar;Singapore&rpar;&comma; Dealmates &lpar;Malaysia&rpar; and BeeCrazy &lpar;Hong Kong&rpar;&period; Its oversubscribed IPO that was launched in 2013 has managed to raise A&dollar;37 million &lpar;US&dollar;27&period;8 million&rpar;&period; In June 2016&comma; Ensogo announced the suspension of its trading on the ASX&comma; the resignation of its CEO and the closure of its marketplace business in Southeast Asia&period;<&sol;p>&NewLine;<p><strong>iProperty Group &lpar;Malaysia&rpar;<&sol;strong><br &sol;>&NewLine;iProperty Group is currently the largest online property group in Asia with numerous ownership of online property portal websites in major Asian countries such as Singapore&comma; Malaysia&comma; Hong Kong&comma; Thailand and the Philippines&period; Its IPO was launched in 2007 for A&dollar;7&period;5 million &lpar;US&dollar;5&period;6 million&rpar; although the amount raised was not disclosed&period; In November 2015&comma; it was announced that iProperty Group would be bought over by REA Group&comma; a subsidiary of News Corp and one of the largest online property group in the world&period;<&sol;p>&NewLine;<p><strong>iCar Asia &lpar;Malaysia&rpar;<&sol;strong><br &sol;>&NewLine;iCar Asia is the leading network of online automotive marketplaces in Southeast Asia through its ownership of local automotive portals in Malaysia&comma; Indonesia and Thailand&comma; including Carlist &lpar;Malaysia&rpar;&comma; Mobil123 &lpar;Indonesia&rpar; and One2Car &lpar;Thailand&rpar;&period; iCar Asia launched its IPO in 2012 for A&dollar;10 million &lpar;US&dollar;7&period;5 million&rpar; or A&dollar;0&period;2 per share&period;<&sol;p>&NewLine;<p><strong>Migme &lpar;Singapore&rpar;<&sol;strong><br &sol;>&NewLine;Migme is a global digital media company that is focused on providing content and services in the world’s emerging markets&period; Some of its portfolio brands include social networking platform Migme&comma; mobile app for couples LoveByte and online community portal Alivenotdead&period; Unlike other Southeast Asian companies that launched their IPOs in Australia&comma; Migme’s listing on the ASX in August 2014 was the result of a reverse takeover of mining explorer company&comma; Latin Gold&period; This allowed Migme to start with more than US&dollar;10 million to fund their future expansion and growth plans&period;<&sol;p>&NewLine;

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