IPOs - All articles

  • China Bright Culture eyes $173m from Hong Kong IPO

    Independent television producer China Bright Culture Group has launched bookbuilding for its IPO, aiming to raise up to HK$1.35bn ($172.9m).

    • 28 Feb 2020
  • Covid-19 threatens more than the global economy

    Market participants should be braced for political volatility as the world comes close to experiencing a pandemic.

    • 27 Feb 2020
  • SBI Cards sets terms for $1.4bn IPO, Rossari approved

    SBI Cards and Payments Services, a State Bank of India subsidiary, set the final price range for its IPO, putting proceeds of up to Rp103.5bn ($1.44bn) in reach for when it launches the deal next week.

    • 27 Feb 2020
  • Megvii plans to refile as HK IPO application expires

    Artificial intelligence company Megvii Technology’s IPO prospectus expired on Tuesday. But despite delaying the deal, the firm intends to resubmit a listing application, according to a source familiar with the matter.

    • 27 Feb 2020
  • US Reit listing lights up SGX as virus takes toll on ECM

    United Hampshire US Real Estate Investment Trust has launched Singapore’s second Reit listing of the year. The deal comes as volatility around the world has brought many IPO markets to a halt, with investors looking for safe-haven opportunities. Jonathan Breen reports.

    • 27 Feb 2020
  • Bohai Bank seeks approval for Hong Kong flotation

    Standard Chartered-backed China Bohai Bank is planning a listing in Hong Kong, having filed a draft prospectus on Wednesday.

    • 27 Feb 2020
  • United Hampshire US Reit launches SGX IPO

    United Hampshire US Real Estate Investment Trust (Reit) has kicked off the roadshow for a $323.6m Singapore IPO on the back of chunky cornerstone investor orders, according to a source familiar with the matter.

    • 26 Feb 2020
  • Rossari Bio wins Sebi approval for Rp7bn IPO

    India's market regulator has given Rossari Biotech the nod for an IPO that is expected to raise about Rp7bn ($98m).

    • 25 Feb 2020
  • Korea's Big Hit mandates for 2020 listing

    Big Hit Entertainment, manager of popular K-pop boy band BTS, has mandated four firms to run its IPO, according to a banker working on the deal.

    • 25 Feb 2020
  • SBI Cards sets terms for $1.4bn Indian IPO

    SBI Cards and Payments Services has finalised the price range for its IPO, which is set to be worth up to Rp103.5bn ($1.44bn) when it is launched next week.

    • 25 Feb 2020
  • Megvii plans to refile for HK IPO as application to expire

    Artificial intelligence company Megvii Technology's Hong Kong IPO prospectus is set to expire on Tuesday. The company, which delayed its deal earlier in February, plans to resubmit a listing application, according to a source familiar with the matter.

    • 24 Feb 2020
  • India flush with ECM deals as foreign inflows surge

    India’s equity capital markets have had a strong start to the year, pumping out a steady flow of large IPOs and secondary share offerings on the back of a big uptick in foreign investment. The country’s ECM pipeline is offering banks relief amid a slowdown in Hong Kong. Jonathan Breen reports.

    • 20 Feb 2020
  • Barbeque-Nation refiles for Rp12bn IPO

    Barbeque-Nation Hospitality is planning an IPO of up to Rp12bn ($167.8m). It has revived its listing plans two years after first announcing the transaction.

    • 19 Feb 2020
  • China Bright, Hygeia set HK IPOs in motion

    Independent television producer China Bright Culture Group has launched pre-deal investor education for its Hong Kong IPO, according to a source familiar with the matter.

    • 18 Feb 2020
  • SBI Cards wins $1.3bn IPO nod, readies March listing

    SBI Cards and Payment Services is preparing to launch its IPO of up to Rp95bn ($1.3bn) in the first week of March after getting the go ahead from the market regulator, according to a source close to the deal.

    • 17 Feb 2020
  • Citic Capital Spac nets $240m from bigger US IPO

    Citic Capital Acquisition Corp has raised $240m from its listing on the New York Stock Exchange. The special purpose acquisition company (Spac) is targeting green and sustainable businesses.

    • 14 Feb 2020
  • Sebi orders NSE to sell stake in Cams

    India's market regulator has told the NSE to divest its position in Computer Age Management Services (Cams), alleging the stock was acquired without its approval.

    • 14 Feb 2020
  • Asian IPO markets hamstrung by coronavirus spread

    Asian IPOs are suffering as the spread of Covid-19 (the coronavirus) accelerates, with the flow of Chinese listings in Hong Kong having slowed to a standstill. Bankers are looking into any solutions, but the curb of face-to-face contact is hanging over the world’s busiest stock exchange. Jonathan Breen reports.

    • 13 Feb 2020
  • Philippines ECM: finally, some good news

    A recent move to encourage Philippine property companies to sell real estate investment trusts (Reits) looks set to give a much-needed boost to the market. The country has long suffered from a paucity of deals. It may finally be ready to turn a corner.

    • 12 Feb 2020
  • Prime US Reit launches $100m placement

    Singapore-listed Prime US Real Estate Investment Trust (Reit) is looking to raise at least $100m from the placement of new units to equity investors.

    • 12 Feb 2020
  • Roborock scores highest listing price on record in China

    Beijing Roborock Technology, a manufacturer of robotic vacuum cleaners, has sealed its Star board IPO at a hefty 58.76 times earnings ratio — the highest IPO price on record, not just on Star but also in the entire Chinese A-share market.

    • 11 Feb 2020
  • Ayala Land lays foundation for $283m debut Philippine Reit

    Ayala Land, one of the Philippines’ largest property owners, has filed an IPO application for a real estate investment trust (Reit), the country’s first public offer of the asset class.

    • 10 Feb 2020
  • Citic Capital’s green Spac launches $200m US IPO

    Blank cheque firm Citic Capital Acquisition Corp has kicked off bookbuilding for a $200m IPO. The special purpose acquisition company (Spac) is targeting green investments.

    • 07 Feb 2020
  • Central Retail bags $2.3bn from record Thai IPO

    Thailand’s Central Retail Corp has priced the country’s largest IPO near the top of the marketed range, netting Bt71bn ($2.3bn) by navigating a volatile stock market.

    • 07 Feb 2020
  • ECM investors buck coronavirus fears to binge on blocks

    EMEA equity capital markets roared back into life this week, as fears over a potential coronavirus pandemic abated to allow the blocks market to reopen in size. A huge slug of supply on Monday evening that traded up left investors hungry for more, report Sam Kerr and Aidan Gregory.

    • 06 Feb 2020
  • Indian budget rocks ECM with tax worries and amid IPO boost

    India’s latest budget brought good and bad news for the country’s equity capital markets. The unveiling of potential exciting new deals was dampened by the ill-thought-out removal of the dividend distribution tax, which could be a drag on some areas of ECM. Jonathan Breen reports.

    • 06 Feb 2020
  • Pakistan bourse seeks feedback on Air Link, TPL Trakker IPOs

    Pakistan’s stock exchange has called for public comment on the potential IPOs of Air Link Communications and TPL Trakker.

    • 05 Feb 2020
  • China Bright Culture all set for Hong Kong listing

    China Bright Culture Group, an independent television producer, has got the go-ahead from Hong Kong’s stock exchange to launch its IPO.

    • 05 Feb 2020
  • Akeso refiles for HK IPO after rejection

    Chinese biotechnology firm Akesobio has resubmitted its IPO documents with the Hong Kong Stock Exchange, two months after the bourse rejected its original listing application.

    • 04 Feb 2020