Friday, 04 September 2026 · SEA Deal Ticker

SEA Deal Ticker Fri, 04 Sept

Manila prices its wallet; Singapore's data centres change owner.

The Philippines finally gets a tech listing worth queuing for: GCash parent Mynt clears a $1.5B IPO — DealStreetAsia · Permalink

The SEC cleared Mynt to raise up to $1.5B on the Philippine Stock Exchange at a roughly $11B valuation, trading from 20 October. It would be the country's largest listing ever.

Positive-sum angle: A public GCash prints a comparable for every Philippine fintech that has been told its market is too small to price. The pitch deck now has a domestic multiple in it.
Southeast Asia's compute landlord changes hands: KKR and Singtel close on STT GDC at $10.9B — TNGlobal · Permalink

The consortium bought ST Telemedia's remaining 82%, leaving KKR with 75% and Singtel 25%. STT GDC runs 780MW live and holds a pipeline above 1.7GW, including 360MW under build in Jakarta.

Positive-sum angle: Private equity now sets the rent on the racks that SEA's AI startups train on. Anyone with a GPU-heavy roadmap should price a landlord who answers to a fund, not a telco.
Cleaning is the labour line nobody can refill: Singapore's Hivebotics raises $6M from Vertex — TNGlobal · Permalink

The NUS spinoff's Abluo robot has logged nearly 10,000 hours across more than 20 sites, turning a 30-minute manual restroom clean into a five-minute human inspection.
Brazil now demands a licence to move money in, so Ant International went and got one — TNGlobal · Permalink

Brazil's central bank authorised the Singapore-headquartered payments group as a payment institution, extending a network that clears over 20 million transactions a day across 150 million merchants.

Positive-sum angle: Any SEA seller shipping into Brazil has been stuck with correspondent-bank pricing. A licensed regional operator on the other end is the cheaper rail, and it now exists.

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