Company: APACU
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001829126-25-003414
Chunk: 172

Company: StoneBridge Acquisition II Corp
Filing Date: 2025-05-05
Form: S-1
Chunk 172
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 a company that has an enterprise value of between $50.0 million and $200.0 million, although we may consider a target entity with a smaller or larger enterprise value.

According to a 2017 report published by the Brookings Institute, we may be in the middle of a tipping point where a majority of the world’s population, for the first time ever, will live in middle-class or rich households. The report also suggests that the vast majority (about 88.0 percent) of the next billion entrants into the global middle class will be in Asia (approximately 380.0 million Indians, approximately 350.0 million Chinese, and approximately 200.0 million other Asians). This makes Asia a very lucrative, fast growing market for tech-enabled products and services.

Separately, according to a McKinsey Global Institute report published in June 2023, Africa is home to the world’s youngest and fastest-growing population, burgeoning cities, and bold innovations in everything from Fintech to clean energy. With its population expected to nearly double to approximately 2.5 billion people by 2050, the continent presents myriad opportunities for robust, inclusive growth that harness its rich natural resources and abundant human potential to increase prosperity not only in Africa but around the world.

Global venture capital firms and investors have been pouring capital into these markets and that has created a dire need for scaled-up firms to exit and obtain liquidity for its investors through overseas listings on U.S. national securities exchanges.

As an example, in India, in order to conquer the Indian middle class markets, founders and startups have created niche business models through cutting-edge technology and have scaled them exponentially at a staggering growth through large quantum of early stage growth capital infusion from silicon valley and global venture capital firms. This has resulted in creating the next generation of “Unicorns” (a term coined for companies with a valuation of $1.0 billion or more) and “Soonicorns” (a term coined for companies expected to achieve $1.0 billion or more in valuation in the near future (frequently, the next two years)). India currently has 117 Unicorns and 112 Soonicorns.

| 5 | See https://www.brookings.edu/articles/the-unprecedented-expansion-of-the-global-middle-class-2/                       |
| 6 | See https://www.mckinsey.com/mgi/our-research/reimagining-economic-growth-in-africa-turning-diversity-into-opportunity |
| 7 |