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Market Chatter: Ant Group-Backed Akulaku Eyes Hong Kong IPO

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Ant Group-backed Indonesian fintech Akulaku is considering an initial public offering in Hong Kong that could raise more than $300 million, Deal Street Asia reported Thursday, citing people familiar with the matter.

The digital finance platform could debut as soon as July, according to the report.

Akulaku previously explored a public listing in 2022, including via a SPAC transaction, but the plan did not proceed.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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