Vietnam’s Society Pass eyes M&A opportunities in Indonesia, Philippines after share price jumps more than 400% on NASDAQ

Vietnam-based loyalty and analytics platform Society Pass (SoPa), which started trading on NASDAQ last week, is eyeing merger and acquisition (M&A) opportunities in Indonesia and the Philippines, two of the fastest-growing internet economies in the region.

“We want to replicate our success in our target markets and our ongoing aggressive M&A initiatives in the pipeline. We are particularly interested in Indonesia and the Philippines as our next growth markets for acquisitions,” Founder Dennis Nguyen told TechNode Global in an interview after the firm started trading on NASDAQ on Nov 9.

The firm is keen to pursue acquisitions in categories that augment its loyalty point ecosystem, as well as e-commerce and online travel. Prior to its IPO, SoPA announced in June it has acquired the e-commerce platform Leflair.

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