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Startups

Investors hope unicorns will snap up Southeast Asian startups

As IPO market cools, venture capital firm sees over 600 buyouts in 2023-2025

© Illustration by Michael Tsang
WATARU SUZUKI and KENTARO IWAMOTO, Nikkei staff writers | Southeast Asia

TOKYO/SINGAPORE -- For a country with little success in having homegrown startups go public, the sale of Philippine payments company Coins.ph in January was a landmark deal. But it had a twist.

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