IPOs - All articles

  • Sime Darby to spin off pure play units in Malaysia

    Malaysian conglomerate Sime Darby Group is planning to spin off and list its plantation and property businesses, while retaining its trading and logistics operations, in an effort to create three pure play arms.

    • 27 Jan 2017
  • Jackie Chan film backer JQ Pictures targets $100m IPO

    JQ Pictures Holdings, the firm behind film star Jackie Chan’s latest movie, is vying for an IPO of around $100m in Hong Kong, according to a banker close to the deal.

    • 27 Jan 2017
  • Smashing success for BSE as investors pile into IPO

    Few Indian IPOs can boast of having $6.4bn in excess demand, but BSE is one of them. The Bombay stock exchange operator completed bookbuilding for its Rp12.4bn ($182m) float this week, an extraordinary end to a sale first mooted over a decade ago. The pressure is now on its larger rival to do just as well, writes John Loh.

    • 26 Jan 2017
  • Horde of investors sign up for BSE $182m listing

    India’s BSE could not have wished for a sweeter end to its Rp12.4bn ($182m) IPO, which on Wednesday closed hugely oversubscribed.

    • 25 Jan 2017
  • CIMB head of India ECM leaves bank

    CIMB has lost its head of ECM in India, according to sources close to the move.

    • 25 Jan 2017
  • Hong Kong IPOs: bleaker than ever

    Hong Kong’s primary equity capital market is in trouble. The city was the top global IPO destination by volume last year — a title it also held from 2009 to 2011. But the market is in the midst of change with disgruntled investors and restrictions on capital outflows from China set to start hitting business. With no fix in sight, the worst is only yet to come.

    • 24 Jan 2017
  • Ppdai.com hires banks for $200m float in US

    Shanghai Paipaidai Financial Information Service, which operates Chinese peer-to-peer lender Ppdai.com, is eyeing a $200m listing in the US.

    • 24 Jan 2017
  • HKEX rejects Chendgu Xingrong's IPO application

    Hong Kong’s stock exchange has rejected Chengdu Xingrong Environment Co’s application to list in the city, according to an announcement from the Shenzhen-listed company.

    • 23 Jan 2017
  • ING Life Korea eyes $1bn from Q2 IPO

    ING Life Korea is planning to raise $1bn from an IPO in 2017, according to a source familiar with the matter.

    • 23 Jan 2017
  • Sebi clamps down on unfair access for brokers

    The Securities and Exchange Board of India has moved to clamp down on violations from high-speed trading, after the National Stock Exchange said some brokers had unfair access to its servers.

    • 23 Jan 2017
  • Wisdom Education lands $110m from pre-Trump IPO

    Chinese private school operator Wisdom Education International Holdings has sealed its HK$850m ($109.6m) IPO, finding enough demand to make it through a tight window while defying President Trump-inspired jitters, according to a banker working on the deal.

    • 23 Jan 2017
  • All eyes on $182m BSE float as bookbuild kicks off

    BSE, the owner of the Bombay Stock Exchange, is off to a cork-popping start to its Rp12.4bn ($182m) IPO, having snagged both marquee anchor investors and strong early orders.

    • 23 Jan 2017
  • Serba Dinamik wraps up $131m IPO on local fund support

    Malaysia’s first IPO of size this year priced comfortably at the top of indications, raising MR584.1m ($130.5m) for Serba Dinamik Holdings.

    • 23 Jan 2017
  • India approves floating of state-owned insurers

    India’s Cabinet Committee on Economic Affairs (CCEA) has given the go-ahead for the listing of five state-owned non-life insurance companies, according to an announcement by the committee on January 18.

    • 20 Jan 2017
  • Guotai Junan Securities seeks OK for HK listing

    Mainland brokerage Guotai Junan Securities Co is looking to follow its peers and list south of the border, according to a draft prospectus filed by its Hong Kong-listed subsidiary Guotai Junan International.

    • 20 Jan 2017
  • Malaysia regulator updates rules for MOG listings

    Securities Commission Malaysia has come out with a new framework for the listing of mineral, oil and gas (MOG) firms, the regulator said.

    • 20 Jan 2017
  • Anxious investors lose faith in soggy HK equity market

    After some shocking first day flops in recent months, Hong Kong IPOs have become a nerve racking investment, and investors are responding by changing their approach to the city’s primary equity market. Investors have lost trust in their ability to assess an opportunity and are looking for reassurance from their peers, writes Jonathan Breen.

    • 19 Jan 2017
  • Korea East-West Power heads for W1tr IPO

    The South Korean government is planning to list state-owned energy company Korea East-West Power Co in 2017 with an IPO potentially worth around W1tr ($857.4m).

    • 18 Jan 2017
  • HK watchdog files lawsuit against StanChart, UBS over IPO

    Hong Kong’s market watchdog has named Standard Chartered and UBS as defendants in a suit over the botched 2009 IPO of China Forestry Holdings Co.

    • 18 Jan 2017
  • BoCom International eyes $300m HK float

    Bank of Communications' investment banking arm is set to separate from its parent and list in Hong Kong, according to a draft prospectus it filed with the city’s bourse.

    • 18 Jan 2017
  • SGX-bound Chinese trusts need to break with tradition

    Dasin Retail Trust has become the latest Chinese issuer to tap a Singapore listing, raising S$146m ($102m) in its IPO last week. While mainland-sponsored trusts have enjoyed relative fundraising success in the city-state, they have stuck to a tried and tested formula. Future issuers should break the mould.

    • 17 Jan 2017
  • BoCom International, Wangsu Science and Tech seek HK floats

    Bank of Communications Co has filed a draft prospectus for the spin-off and listing of its investment banking arm BoCom International in Hong Kong, according to an announcement on the city’s bourse.

    • 17 Jan 2017
  • Landing International tees up HK$5bn rights issue

    Entertainment and gaming property firm Landing International Development is preparing a rights issue to raise HK$5.1bn ($662.9m), according to a filing with the Hong Kong Stock Exchange (HKEX) on Tuesday.

    • 17 Jan 2017
  • Sebi targets mutual fund trust investment, backdoor listings

    Securities and Exchange Board of India (Sebi) has hit investment trusts with another hurdle by adding limits to the number of units a mutual fund can hold. Meanwhile, the regulator has also approved plans to increase the transparency of backdoor listings.

    • 16 Jan 2017
  • BSE $182m IPO expected to price at top

    The Bombay Stock Exchange has announced a marketing range for its long-awaited IPO in India, leaving no doubt that the Rp12.4bn ($182m) deal will price at the top of expectations.

    • 16 Jan 2017
  • BSE plans late January launch of $200m IPO

    India’s second largest stock exchange BSE is set to launch bookbuilding for its potential $200m listing in the last week of January, according to a red herring prospectus filed by the bourse.

    • 13 Jan 2017
  • Dasin Retail bags $102m in first Singapore float for 2017

    Dasin Retail Trust has sealed 2017's first mainboard listing on the Singapore Exchange, raising S$146m ($102m) via a fixed priced offering.

    • 12 Jan 2017
  • China investors to take Pakistan exchange to new heights

    Market participants in Pakistan are bullish about the prospects for the local bourse after a Chinese-led consortium won the bid to buy a 40% stake. Bankers and brokers expect the new owner to take the Pakistan Stock Exchange (PSX) to the next level and inject not only capital, but also credibility. John Loh reports.

    • 12 Jan 2017
  • Wisdom kickstarts IPO, New Century prices

    China’s Wisdom Education International Holdings hit the road on Thursday, opening books for its Hong Kong IPO that could raise up to HK$1.1bn ($147.0m).

    • 12 Jan 2017
  • Korea ECM set for IPO flood in first half

    South Korea is expecting a strong flow of IPOs in the first half of 2017 as a choppy end to last year delayed many companies from launching deals. But there is some concern among ECM bankers that a burst of listings could clog up the market.

    • 11 Jan 2017
  • India to streamline state divestments for investors, banks

    India’s government is making its divestment process in state-owned firms more transparent by creating two new information-sharing platforms.

    • 11 Jan 2017
  • Wisdom Education to launch $150m IPO Thursday

    Wisdom Education International Holdings Co is set to start taking orders for its Hong Kong IPO on Thursday and is eyeing up to $150m, according to a banker close to the transaction.

    • 10 Jan 2017
  • Serba Dinamik eyes top-end pricing for $131m IPO

    The leads on Serba Dinamik Holdings are guiding investors towards the top of the marketing range on its MR584.1m ($130.5m) Malaysian IPO.

    • 09 Jan 2017
  • Yangon exchange set to welcome fourth IPO

    Myanmar’s First Private Bank will become the fourth name to list on the country’s budding exchange, with its shares set to start trading on January 20.

    • 09 Jan 2017
  • Netmarble plans first quarter launch of $1.7bn IPO

    South Korean game developer Netmarble Games is on track to start pre-marketing its up to W2tr ($1.7bn) IPO shortly after Chinese New Year, according to a banker working on the trade.

    • 09 Jan 2017
  • Jilin commercial bank lands HK$3bn from IPO

    China’s Jilin Jiutai Rural Commercial Bank has bagged HK$3.0bn ($386.9m) after pricing its IPO near the bottom of guidance.

    • 06 Jan 2017
  • Dasin Retail gets going with first Singapore listing this year

    Dasin Retail Trust has thrown open books to its S$146m ($102m) listing in Singapore, kicking off the southeast Asian IPO market for 2017.

    • 06 Jan 2017
  • Asia ECM fires starting gun on 2017 with fistful of IPOs

    Asia’s equity capital market got away to a modest start to the year, with multiple share sales planned across the region for January alone. As ever, issuers will try to bring fundraisings as early as possible, even if that means squeezing into a tight window between now and Chinese New Year. John Loh and Jonathan Breen report.

    • 05 Jan 2017
  • WuXi BioLogics heads to Hong Kong for $300m IPO

    China’s WuXi BioLogics is looking south of the border to Hong Kong to go public, preparing an IPO that could raise $300m, according to a banker close to the deal.

    • 05 Jan 2017
  • Guangzhou bank eyes $2bn Hong Kong float

    Guangzhou Rural Commercial Bank Co is seeking regulatory approval for a $2bn IPO, having filed a draft prospectus with the Hong Kong Stock Exchange (HKEX) on Wednesday.

    • 04 Jan 2017
  • ESR seals $300m pre-IPO funding with Chinese group

    Warburg Pincus backed e-Shang Redwood Group (ESR) has closed a $300m fundraising with a consortium of Chinese investors, paving the way for a future listing.

    • 04 Jan 2017
  • India IPO round-up: Hudco, CDS and GTPL Hathway

    The Indian government is aiming to add around Rp10bn ($146.9m) to its coffers from a sell down of shares in Housing and Urban Development Corp, said a banker working on the deal.

    • 03 Jan 2017
  • Wisdom Education kicks off IE for $200m float

    Wisdom Education International Holdings Co kicked off investor education for a $200m IPO in Hong Kong on Tuesday, squeezing into a tight pricing window before the Chinese New Year break.

    • 03 Jan 2017
  • NSE files for $1bn IPO, BSE preps $200m January float

    India’s two main stock exchanges are set to start 2017 on a positive note, with Bombay Stock Exchange (BSE) likely to launch a $200m deal this month and National Stock Exchange (NSE) bringing a jumbo $1bn IPO in the second quarter.

    • 03 Jan 2017
  • HK rings in 2017 with $534m IPO duo

    The Hong Kong IPO market has started 2017 with some action as two Chinese issuers unveiled fundraising plans to seek a combined HK$4.2bn ($533.8m).

    • 03 Jan 2017
  • Dasin Retail eyes $102m from SGX trust listing

    Dasin Retail Trust could be the first out of the gate with a decent-sized southeast Asian IPO this year, with books slated to launch as early as this week.

    • 03 Jan 2017
  • Dechert adds partner to HK corporate team

    Law firm Dechert has hired a new partner in its corporate and securities team in Hong Kong, poaching from Cadwalader, Wickersham & Taft.

    • 03 Jan 2017