IPOs - All articles

  • Build it and they will come? HK plans connect for IPOs

    The Hong Kong Stock Exchange (HKEX) wants to give investors access to IPOs in the city and China, with an “IPO connect” now in the works. But with investors still reeling from the turbulence in China’s A-share market, the move faces plenty of challenges.

    • 28 Jan 2016
  • Postal Savings banks picks five for jumbo $15bn HK listing

    Postal Savings Bank of China has selected five banks to lead its jumbo $15bn IPO, which is set to become the largest listing in Hong Kong in five years.

    • 28 Jan 2016
  • India’s Bombay exchange gets head start in race to list

    The Bombay Stock Exchange (BSE) has finally set in motion its plans to go public, which have been three years in the making. Investors and bankers are sitting up and paying attention as Asia’s oldest exchange gets ready for one of the most high-profile IPOs in India this year. Jonathan Breen reports.

    • 28 Jan 2016
  • Pakistan unveils new ECM fundraising rules

    The Securities and Exchange Commission of Pakistan (SECP) has made a series of changes to rules governing companies raising capital in its stock market.

    • 28 Jan 2016
  • KRX approves Hotel Lotte $5bn IPO

    South Korea’s stock market regulator has approved Hotel Lotte’s plans for an IPO, which could raise as much as $5bn and take the title of the largest listing in the country.

    • 28 Jan 2016
  • Postal Savings names leads for $15bn IPO

    Postal Savings Bank of China has picked five banks to lead its listing, which could raise as much as $15bn to become the largest IPO in Hong Kong in five years.

    • 27 Jan 2016
  • India's BSE hunts for left lead for $200m IPO

    India’s Bombay Stock Exchange (BSE) is searching for a bank to head up its long awaited IPO, which has been three years in the making.

    • 27 Jan 2016
  • Samsung delays Bioepis Nasdaq float to H2

    Samsung Bioepis, the pharmaceutical arm of the South Korean conglomerate, has decided to postpone its Nasdaq IPO due to valuation issues and to make way for the listing of Samsung BioLogics.

    • 27 Jan 2016
  • Goodbaby launches $161m IPO despite wobbly market

    Goodbaby China Holdings started taking orders on Tuesday for a HK$1.3bn ($160.8m) IPO in Hong Kong, as the firm hopes to rise above volatile markets with a compelling discount to its peers.

    • 26 Jan 2016
  • Pakistan updates rules for stock market fundraising

    The Securities and Exchange Commission of Pakistan (SECP) has made a series of changes to rules governing companies raising capital in its stock market.

    • 25 Jan 2016
  • From Russia, with fees

    After almost five years, Hong Kong has recognised Russia as an accepted jurisdiction for issuers looking to list in the city. But whether the ties would be a game-changer for Asian equity capital markets is a big question, writes Philippe Espinasse.

    • 25 Jan 2016
  • China fuels 2016 record in A-share ECM

    Despite the terrible start for China’s equity market this year, primary issuance has kicked off with a bang. Year-to-date A-share equity capital market volumes are at a record high, with follow-on offerings leading the way.

    • 25 Jan 2016
  • Maybank, CIMB add to ECM teams

    Maybank has hired Naguib Hussin from CLSA for its equity capital markets desk in Malaysia. He replaces Norly Khalim, who has transferred to another department within the Malaysian lender.

    • 22 Jan 2016
  • Samsung BioLogics, L&P Cosmetics plan KRX IPOs

    South Korea’s Samsung BioLogics is set to send out a request for proposals for its IPO, which is likely to launch by the end of 2016, according to market sources.

    • 22 Jan 2016
  • KRX woos southeast Asian blue chip IPOs

    Korea Exchange has put together a group of specialists to help attract blue chip companies from Indonesia and Vietnam to list in South Korea.

    • 22 Jan 2016
  • Jinjiang Environmental eyes $500m SGX IPO

    Waste to energy firm Jinjiang Environmental is planning an IPO in Singapore to raise up to $500m in the first half of the year, according to sources close to the transaction.

    • 22 Jan 2016
  • Quick Heal to launch $80m float in February

    India's Quick Heal Technologies wrapped up investor meetings for its $70m-$80m IPO last week and plans to open books in mid-February, according to sources.

    • 21 Jan 2016
  • Hong Kong welcomes Russian DR listings on main board

    The Hong Kong Stock Exchange has given Russian companies the nod to list depositary receipts on its main board.

    • 21 Jan 2016
  • Postal Savings $15bn IPO not safe from volatility

    Postal Savings Bank of China stole the attention of the Hong Kong equity capital market this week as it kicked off preparations for a potential $15bn IPO, set to be the largest in the city in nearly five years. But fickle markets and a Hong Kong dollar stuck in a downward spiral could put the issuer on the back foot, writes Jonathan Breen.

    • 21 Jan 2016
  • HKEX plans expansion of China trading links

    The Hong Kong Stock Exchange plans to cement its position as the primary gateway between China and the rest of the world, after setting out a three-year strategic plan for 2016-2018.

    • 21 Jan 2016
  • Wanda eyes IPO of internet finance unit

    Chinese conglomerate Wanda Group is planning a spate of listings for its myriad business divisions, starting with the IPO of its internet finance arm in three years, said its chairman Wang Jianlin.

    • 20 Jan 2016
  • Hong Kong exchange welcomes Russia’s DRs

    Russian companies are now allowed to list depository receipts in Hong Kong, according to an announcement from the city’s stock exchange.

    • 20 Jan 2016
  • Postal Savings Bank seeks sponsor trio for $15bn IPO

    Postal Savings Bank of China is looking for as many as three sponsors for its jumbo $10bn-$15bn IPO, having called on banks to underwrite the deal, according to market sources.

    • 20 Jan 2016
  • BeiGene first out of the gate with $132m IPO

    BeiGene is looking to raise $132m from a Nasdaq IPO, with the firm kicking off bookbuilding on Tuesday for what will be the year’s first listing of a Chinese issuer in the US.

    • 20 Jan 2016
  • Goodbaby to launch $200m IPO next week

    Goodbaby China has kicked off pre-marketing for a potential $200m IPO and could start the roadshow next week, according to market sources.

    • 19 Jan 2016
  • India ECM round-up: Quick Heal, Reliance, Pipavav

    India's Quick Heal Technologies wrapped up investor meetings for its $70m-$80m IPO last week and plans to open books in mid February, according to sources.

    • 19 Jan 2016
  • CSRC chairman admits flaws in Chinese markets

    China’s stock market regulator has conceded that it made mistakes following June 2015’s market crash and that its system for governing the country’s financial markets is inadequate.

    • 18 Jan 2016
  • Cadila gets approval for Rp50bn QIP

    Indian company Cadila Healthcare is gearing up for a Rp50bn ($741.1m) qualified institutional placement after the country’s Foreign Investment Promotion Board gave it the go ahead this week.

    • 15 Jan 2016
  • Lufax invites bids for $5bn Hong Kong IPO

    Chinese peer-to-peer lender Lufax is calling on banks to pitch for its $5bn listing in Hong Kong, expected to be the city’s largest float in 2016.

    • 15 Jan 2016
  • Aramco IPO: ECM world must hope the Saudis move swiftly

    Equity capital market banks will love an IPO of Saudi Aramco, or parts of it, if one happens. But getting there is going to be arduous and could disrupt other business this year. The best thing for the market would be a quick and clear-cut process. Sadly, bankers say that is unlikely.

    • 14 Jan 2016
  • Listing Indonesia’s SOEs: still a waiting game

    Indonesia is making a renewed push to list its myriad state-owned enterprises in a bid to relieve pressure on public finances. But those plans could yet be scuppered by a host of issues, not least of which is domestic politics.

    • 14 Jan 2016
  • China outlines fresh IPO underwriting, allocation rules

    The Securities Association of China (SAC) has released further guidelines on underwriting and allocation for IPOs, in line with the new rules issued by the China Securities Regulatory Commission (CSRC).

    • 14 Jan 2016
  • Hotel Lotte eyes $5bn in record Korea IPO

    Hotel Lotte could raise as much as $5bn from its IPO, expected as early as March, and land the title of the largest ever listing in South Korea in the process, according to market sources.

    • 13 Jan 2016
  • CIMB merges equity origination and syndicate desks

    Malaysia’s CIMB is understood to have rejigged its equity capital markets operations, with Patrick Tan named the new head of ECM and syndicate for Asia, according to sources.

    • 13 Jan 2016
  • Bank of Tianjin turns to HK for $1bn listing

    Chinese city commercial lender Bank of Tianjin is seeking $1bn from a potential IPO in Hong Kong this year, having filed a preliminary prospectus with the city’s stock exchange on January 12.

    • 12 Jan 2016
  • Pakistan takes wraps off new stock exchange

    The Pakistan Stock Exchange (PSX) has finally taken off, with the country’s newly-unified bourse inaugurated on Monday after being in the works for the better part of a decade.

    • 12 Jan 2016
  • CSRC to maintain control of IPO supply

    The China Securities Regulatory Commission said it will continue to play an active role in managing the supply of IPOs in Shanghai and Shenzhen, as the authorities back-pedal on market reforms after last week’s equity chaos.

    • 11 Jan 2016
  • Updated: China Hongqiao preps HK$3.8bn rights issue

    Chinese aluminium manufacturer China Hongqiao Group plans to raise HK$3.8bn ($489.6m) from a rights issue in early February, according to a document filed with the Hong Kong Stock Exchange.

    • 11 Jan 2016
  • Virscend IPO survives global sell-off

    Virscend Education Co has raised HK$1.8bn ($232.2m) after pricing its Hong Kong IPO near the bottom of the range, emerging relatively unscathed from the volatility that rocked global equity markets last week.

    • 11 Jan 2016
  • Mayer Brown bolsters HK team with new hire

    Mayer Brown JSM has given a boost to its Hong Kong team by hiring a new partner experienced in IPOs and other areas of corporate finance.

    • 11 Jan 2016
  • Jiangsu pharma firms eye first half for HK floats

    Jiangsu Hansoh Pharmaceutical Co and Simcere Pharmaceutical Group are looking to raise a combined $2.5bn from Hong Kong IPOs that could launch in the first half of 2016.

    • 08 Jan 2016
  • Ronshine China seals Asia’s first IPO in 2016

    Ronshine China Holdings has sealed Asia’s first IPO this year, pricing its HK$1.81bn ($233.5m) Hong Kong float at the bottom of guidance after a low turnout during bookbuilding.

    • 07 Jan 2016
  • China heaps fresh turmoil as global stocks crumble

    China tested the limits of reform in its stock market this week with disastrous consequences. Equity markets fell globally after China heaved yet more volatility on investors, and mainland stocks saw their worst ever start to the year. The turmoil caught equity capital market bankers off guard, but panic has not set in yet, writes John Loh.

    • 07 Jan 2016
  • India and Singapore tackle investment trust rules

    India’s stock market regulator has published consultation papers on real estate and infrastructure investment trusts while Singapore’s financial regulatory authority has firmed up its rules for real estate investment trusts (Reits).

    • 07 Jan 2016
  • Chinese trio file for Hong Kong floats

    A trio of Chinese companies are seeking to list in Hong Kong, having filed draft prospectuses with the city’s stock exchange on Tuesday.

    • 06 Jan 2016
  • Manulife eyes first half for Singapore Reit IPO

    Manulife US Real Estate Investment Trust (Reit) is reviving its plans to list in Singapore after shelving an IPO in 2015, and is aiming to launch in the first half of this year, according to a source close to the deal.

    • 05 Jan 2016
  • Regulators in India and Singapore tackle Reits

    India’s stock market regulator has published a consultation paper on real estate investment trusts (Reits) while Singapore’s financial regulatory authority has firmed up rules governing the asset class.

    • 05 Jan 2016
  • Virscend and Ronshine out with Hong Kong IPOs

    Virscend Education Co launched the institutional bookbuild for its HK$2.19bn ($282.50m) Hong Kong IPO on Monday, even as the slump in Chinese shares triggered a market-wide trading halt and sent global equities tumbling.

    • 04 Jan 2016
  • Samsung Engineering sets price for rights issue

    South Korea's Samsung Engineering has set the initial price for a W1.2tr ($1.0bn) rights issue, which is expected to launch by March.

    • 04 Jan 2016
  • Indian pair file draft documents for IPOs

    Indian lender Ujjivan Financial Services and healthcare firm Thyrocare Technologies have filed draft prospectuses for IPOs with the country’s capital markets regulator.

    • 04 Jan 2016
  • Ranhill to launch $188m IPO by month end

    Ranhill Holdings will sell shares in its MR807.5m ($188.32m) IPO in Malaysia at a ceiling of MR1.70 apiece, with the trade slated to launch by the end of January, said a banker.

    • 04 Jan 2016