One Winner, Six Shipwrecks
Since 2017, Southeast Asia has produced exactly one tech IPO that made public investors real money. One. And this week, the Philippines is getting ready to bet its entire year on the next one.
So this week I want to talk about who is buying, who is selling, and which side of that trade you actually want to be standing on.
Four stories, and they braid into one. We open with the good news, because there usually is some. Then we follow the money all the way to the part nobody puts on the deck.
The smart money showed up twice in one week
Start with the hopeful, because it is real and it is…
The skinny
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