IPOs - All articles

  • DWF announces IPO but investors await big listings from EM

    DWF, the UK law firm, has filed paperwork on an initial public offering in London, but many in equity capital markets are predicting that the the city’s largest deals will come from the emerging markets.

    • 31 Jan 2019
  • CSRC unveils rules for new Shanghai tech board

    China’s securities regulator has published draft regulations for the Shanghai Stock Exchange’s new technology board, giving the market a first look at how the much-anticipated listing venue will function.

    • 31 Jan 2019
  • Hong Kong Exchange joins paperless for trading

    The securities market in Hong Kong will fully transform into a paperless model as early as 2022, in the hope of speeding up transactions, according to a joint consultation proposal made by the Securities and Futures Commission (SFC) and Hong Kong Exchange and Clearing (HKEX).

    • 29 Jan 2019
  • Maoyan was right to play it safe with IPO

    Chinese new economy company Maoyan Entertainment priced its Hong Kong IPO this week, after a short delay that allowed it to add a high-profile cornerstone investor. Don’t let the deal’s bottom-of-the-range pricing fool you: the company and its banks made the right move.

    • 29 Jan 2019
  • Maoyan prices HK IPO low to net $250m

    Chinese firm Maoyan Entertainment has sealed its IPO at the bottom of guidance, raising HK$1.96bn ($249.8m) in Hong Kong after an extended roadshow.

    • 28 Jan 2019
  • Classical music app Kuke tunes up HK IPO

    Kuke Music Holding, a classical music service provider, is seeking the green light from the Hong Kong Stock Exchange for its IPO.

    • 28 Jan 2019
  • Checking in: Chalet Hotels gears up for IPO launch

    Indian company Chalet Hotels will start bookbuilding next Tuesday for its up to Rp16.4bn ($231.1m) flotation.

    • 25 Jan 2019
  • Homeplus Reit's billion-dollar IPO coming soon

    South Korean discount store chain Homeplus is set to launch a real estate investment trust IPO next month, according to a source close to the deal.

    • 25 Jan 2019
  • Hansoh Pharma plans Feb launch of $1bn IPO

    Hansoh Pharmaceutical Group is preparing to kick off the roadshow for its Hong Kong IPO in February after Chinese New Year, according to a source close to the transaction.

    • 25 Jan 2019
  • Srei Infra picks private float for equipment unit

    Srei Infrastructure Finance has cancelled a plan to float a subsidiary, as a result of weak investor sentiment driving down valuations in India’s equity market. The company has instead chosen to pursue a private listing, Jonathan Breen reports.

    • 24 Jan 2019
  • Goldman Sachs names co-head of Apac TMT

    Goldman Sachs has appointed Jung Min as co-head of its Asia Pacific ex-Japan technology, media and telecom group.

    • 24 Jan 2019
  • ECM bankers shrug off quiet start to year

    The steep drop in equity capital market volumes in Asia this year is not worrying bankers just yet, as they set their sights on a pick-up in deal flow after the Chinese New Year holiday in early February.

    • 24 Jan 2019
  • BAML nabs Macquarie veteran to lead Oz ECM

    Bank of America Merrill Lynch has appointed Mark Warburton as its new head of Australia equity capital markets, according to an internal memo seen by GlobalCapital Asia.

    • 24 Jan 2019
  • Seoul court rules against Samsung BioLogics sanction

    Samsung BioLogics has caught a break after a South Korean court suspended the disciplinary action brought against the company by the country’s financial regulator for alleged accounting fraud.

    • 23 Jan 2019
  • CSRC trims IPO review panel list

    The China Securities Regulatory Commission (CSRC) has cut the membership of its IPO review committee by two thirds, from 63 to 21. Of those 21, there are 12 new members.

    • 22 Jan 2019
  • Srei Infra shelves subsidiary IPO, eyes private listing

    Srei Infrastructure Finance has mothballed a plan to float its subsidiary Srei Equipment Finance as risk-off sentiment drives valuations down in India’s IPO market.

    • 22 Jan 2019
  • Shenwan Hongyuan, Tai Hing serve up HK IPOs

    Chinese state-owned Shenwan Hongyuan Group and Hong Kong-based restaurant owner Tai Hing Group are preparing their IPOs for this year.

    • 21 Jan 2019
  • Kepei bags $112m from HK IPO

    Kepei Education has raised HK$876.27m ($112m) after pricing its IPO at the mid-point of the indicative range, according to a banker.

    • 21 Jan 2019
  • Shenzhen's Fangdd lines up $500m US IPO

    Online property agent Shenzhen Fangdd Network Technology is looking to raise up to $500m from a listing in the US, according to a banker close to the deal.

    • 21 Jan 2019
  • Maoyan extends IPO roadshow, wins Xiaomi backing

    China’s Maoyan Entertainment has changed the timetable of its HK$2.7bn ($344.2m) IPO and roped in three new cornerstone investors, including smartphone giant Xiaomi Corp.

    • 21 Jan 2019
  • China’s Broad Homes plots Hong Kong listing

    Mainland firm Changsha Broad Homes Industrial Group has set the ball rolling for a Hong Kong IPO, submitting a draft prospectus to the bourse.

    • 18 Jan 2019
  • Tencent-backed Maoyan launches $344m IPO

    China-based Maoyan Entertainment, best known for its online movie ticketing platform, kicked off bookbuilding on Friday for a HK$2.7bn ($344.2m) IPO.

    • 18 Jan 2019
  • China Yuanfang joins peers in bulging HK IPO pipeline

    China Yuanfang Group filed a draft IPO prospectus in Hong Kong on Wednesday, adding to a growing list of Mainland education firms hoping to float in the city.

    • 17 Jan 2019
  • Shanghai Gench Education seeks greenlight for IPO

    Mainland firm Shanghai Gench Education Group is planning to list in Hong Kong and has submitted its draft prospectus to the stock exchange.

    • 15 Jan 2019
  • Caught in stalemate: China-US IPOs

    The US government shutdown hit 24 days on Monday, a record kerfuffle for the country. As primary equity markets teams, most importantly at the Securities and Exchange Commission, run on skeleton crews, the IPO pipeline could come under some threat.

    • 15 Jan 2019
  • Sinopec gets go-ahead for retail unit IPO

    Chinese oil major Sinopec has received approval from the country’s regulator to list its retail business in Hong Kong, according to a source close to the situation.

    • 15 Jan 2019
  • The Hong Kong paradox

    IPOs worldwide have been derailed by geopolitical developments — except, it seems, in Hong Kong. Clawback columnist Philippe Espinasse investigates.

    • 15 Jan 2019
  • Wanda presses play on US IPO of sports business

    China’s Dalian Wanda Group has filed for a US IPO of up to $500m for its sports business, according to a source close to the deal.

    • 14 Jan 2019
  • Kepei Education kick-starts $122m IPO

    China’s Kepei Education has started bookbuilding for its HK$954m ($122m) IPO amid regulatory uncertainties around the sector in the Mainland, according to a source close to the deal.

    • 14 Jan 2019
  • Kyobo Life appoints trio for 2019 IPO

    South Korea’s third largest life insurer, Kyobo Life Insurance, has lined up three firms to lead its IPO, according to a source working on the deal.

    • 14 Jan 2019
  • India’s Polycab, Metropolis Healthcare ready investor education

    IPO-hopefuls Metropolis Healthcare and Polycab India, a wire and cable manufacturer, are set to begin pre-marketing this month, according to a source close to the deals.

    • 11 Jan 2019
  • Weimob prices IPO low to rake in $108m

    Tencent Holdings-backed Weimob raised HK$845m ($107.8m) after pricing its IPO at the bottom of the indicative range on Thursday, a bit behind the original schedule, according to a banker close to the deal.

    • 11 Jan 2019
  • Malaysia ECM set to roar back into life in 2019

    Malaysia’s equity capital market is set for a dramatic rebound after an exceptionally quiet 2018. It promises to offer those investors that have been underweight on the country for a long time plenty of attractive opportunities to put their money to work, writes Christie Ou.

    • 10 Jan 2019
  • Leong Hup searches for cornerstone investors

    Malaysian poultry producer Leong Hup International has started early stage engagement with the buy-side and is looking for cornerstone investors for its IPO, according to a source close to the deal.

    • 08 Jan 2019
  • Chengdu Expressway IPO flickers amid dull HK market

    Chengdu Expressway Co’s HK$880m ($112.3m) IPO has marked the start of a quiet week for the Hong Kong equity capital markets.

    • 07 Jan 2019
  • Kerry Logistics to corral $300m from Thai business

    Hong Kong-based Kerry Logistics Network is planning to raise around $300m from an IPO of its Thai business.

    • 04 Jan 2019
  • Creador-backed Mr DIY sets sights on $500m IPO

    Mr DIY Group, Malaysia’s largest home improvement retailer, is planning for an IPO of around $500m this year, according to ECM bankers involved in the discussions.

    • 04 Jan 2019
  • Malaysia’s Leong Hup to feed $500m IPO to market

    Malaysian poultry producer Leong Hup International is planning to start pre-marketing for its $500m IPO next week, according to a source close to the matter.

    • 04 Jan 2019
  • China Kepei Education readies $150m HK listing

    China Kepei Education will launch investor education for its Hong Kong IPO next week, according to a source close to the transaction.

    • 04 Jan 2019
  • Worst start for Hong Kong stock market rattles investors

    The Hang Seng Index’s appalling start to the new year has made ECM bankers and investors ultra-cautious about the market, and most participants are taking a wait-and-see approach. Christie Ou reports.

    • 03 Jan 2019
  • Hong Kong’s IPO market: hot no more

    Hong Kong may have reclaimed its spot in 2018 as the world’s biggest stock exchange in terms of funds raised, but if early indications for the 2019 first quarter are anything to go by, the bourse is in for a tough time.

    • 03 Jan 2019
  • Weimob woos investors to $135m HK IPO

    Considerably cheap valuations have made Weimob, a Tencent Holdings-backed company that is on the road with its Hong Kong IPO, an attractive proposition for equity investors, according to a source close to the listing.

    • 02 Jan 2019
  • Futu Securities preps $300m US listing

    Futu Holdings, parent of Hong Kong-based Futu Securities International, is planning a Nasdaq IPO of up to $300m.

    • 02 Jan 2019
  • CIMC Vehicles revs up $500m Hong Kong IPO

    CIMC Vehicles Co is eyeing $500m from a Hong Kong IPO, with plans to launch the listing by the end of the first quarter, according to a source close to the deal.

    • 02 Jan 2019