IPOs - All articles

  • Brookfield readies Rp38bn Indian Reit IPO

    Brookfield Asset Management is set to launch India’s third real estate investment trust IPO next week, as it aims to raise Rp38bn ($520.8m) from a mix of new and existing stock.

    • 29 Jan 2021
  • Kuaishou steals the show with bumper Hong Kong listing

    Chinese video-sharing platform Kuaishou Technology is generating huge demand for its IPO, which could be worth as much as HK$42bn ($5.4bn). The deal, set to be the largest primary listing globally since 2019, shows the growing interest around short video companies. Jonathan Breen reports.

    • 28 Jan 2021
  • Hyundai Heavy eyes W1tr from 2021 IPO

    Hyundai Heavy Industries Co is planning an IPO later this year in South Korea. It is looking to raise W1tr ($905.5m) to invest in new technologies.

    • 27 Jan 2021
  • Southeast Asia internet investor Catcha plans Spac IPO

    Malaysia-based Catcha Group is floating a southeast Asia-focused special purpose acquisition company (Spac) on the New York Stock Exchange.

    • 27 Jan 2021
  • Asia’s Spac IPOs are best done away from home

    The Singapore Exchange’s plan to get in on the rush to list special purpose acquisition companies (Spacs) is a bold move that could give it an edge over regional rivals. But there are plenty of obstacles — and its efforts may well be futile.

    • 26 Jan 2021
  • MicroPort, Basecare Medical launch HK IPOs

    Chinese healthcare duo MicroPort CardioFlow Medtech Corp and Suzhou Basecare Medical Corp have kicked off their Hong Kong IPOs after a week of pre-marketing.

    • 26 Jan 2021
  • Kuaishou launches jumbo $5.4bn Hong Kong IPO

    Chinese video-sharing platform Kuaishou Technology, a rival to TikTok parent ByteDance, has started testing investor appetite for Hong Kong's largest IPO in over two years as it seeks HK$42bn ($5.42bn).

    • 25 Jan 2021
  • Primavera Capital nets $360m from Spac IPO

    Primavera Capital Acquisition Corp, a so-called blank cheque company, has raised $360m from a larger-than-expected New York Stock Exchange IPO that has added further momentum to the increasingly hot asset class.

    • 22 Jan 2021
  • China’s RLX draws in $1.4bn from bigger US IPO

    Chinese vape company RLX Technology raised $1.4bn from its US listing this week, pricing the deal above the marketed range after a huge turnout from investors.

    • 21 Jan 2021
  • Chinese firms Adagene, Cloopen eye US listings

    Cloopen Group Holding, a cloud-based communication provider, is planning to raise at least $100m from a US IPO of American depositary shares (ADS).

    • 20 Jan 2021
  • China-focused Primavera Spac readies $300m IPO

    Primavera Capital Acquisition Corp, a special purpose acquisition company, is set to launch a $300m IPO on the New York Stock Exchange this week, extending a recent boom in Asia-focused Spacs.

    • 19 Jan 2021
  • Credit Suisse forms new Japan ECM franchise

    Credit Suisse has boosted its investment banking operation in Japan by creating a new equity capital markets unit in the country.

    • 19 Jan 2021
  • HK IPO market gathers steam with Kuaishou leading the way

    Kuaishou Technology, a video-sharing and social media platform, has begun drumming up interest among investors for a multi-billion-dollar Hong Kong IPO.

    • 18 Jan 2021
  • E-cigarette maker RLX Tech covers $1.2bn IPO

    Chinese e-cigarette manufacturer RLX Technology has drawn enough early demand to well oversubscribe its US IPO worth up to $1.16bn, according to a source familiar with the matter.

    • 18 Jan 2021
  • Indigo Paints readies Rp12bn listing

    Sequoia Capital-backed Indigo Paints has fixed the price band for its up to Rp11.7bn ($159.9m) IPO, which is set to open next week.

    • 15 Jan 2021
  • PTT Oil fixes price range for jumbo Thai IPO

    PTT Oil and Retail Business has set the price guidance for its long-awaited IPO. It is aiming to raise up to Bt46.98bn ($1.57bn) from the country’s largest listing in a year.

    • 15 Jan 2021
  • Spacs jump-start in Asia after US boom sparks overseas interest

    Thiel Capital, the investment firm of billionaire venture capitalist Peter Thiel, this week launched its second southeast Asia special purpose acquisition company (Spac) in less than four months. The deal marks a coming trend in Asia-focused ‘blank cheque companies’, say bankers. Jonathan Breen reports.

    • 14 Jan 2021
  • IRFC sets $634m IPO rolling

    Indian Railway Finance Corp (IRFC) will hit the market next week with the country’s first IPO of the year. It is on track to raise up to Rp46.33bn ($633.7m).

    • 13 Jan 2021
  • Lenovo, Megvii plan CDR listings in Shanghai

    Lenovo Group and Megvii Technology are planning to sell Chinese depository receipts (CDRs) on the Nasdaq-style Star market in Shanghai.

    • 13 Jan 2021
  • Bilibili readies $2.5bn HK IPO for February launch

    Chinese video sharing and gaming platform Bilibili is on track to launch its Hong Kong secondary listing within a month. It is aiming to raise around $2.5bn, according to a source close to the deal.

    • 13 Jan 2021
  • E-Star Commercial gets nod for Hong Kong IPO

    Greater Bay Area-based E-Star Commercial Management has submitted an updated prospectus to Hong Kong’s bourse after winning approval to list.

    • 12 Jan 2021
  • State-owned NHAI mandates for Rp50bn InvIT

    The National Highways Authority of India has picked banks for the potential Rp50bn ($680.5m) IPO of an infrastructure investment trust, according to a source close to the deal.

    • 11 Jan 2021
  • Tencent-backed Linklogis eyes Hong Kong listing

    Linklogis, a technology-based supply chain finance company, is planning to float in Hong Kong, and has filed a draft IPO prospectus with the city’s stock exchange.

    • 11 Jan 2021
  • Chicken producer Widodo Makmur hatches IPO plan

    Indonesian chicken producer Widodo Makmur Unggas is aiming to raise up to Rph1.18tr ($84m) from the country’s largest IPO in over a year.

    • 11 Jan 2021
  • Gracell Biotech boosts US IPO size to $209m

    Gracell Biotechnologies has raised $209m from its Nasdaq IPO after increasing the size of the float and pricing the deal above the initial marketed range.

    • 08 Jan 2021
  • Chinese IPOs in US still on despite NYSE flip-flops

    The New York Stock Exchange’s flip-flop on whether to delist three Chinese telecommunications giants caused plenty of confusion in the market this week, but mainland companies are still keen to sell shares in the US. Jonathan Breen reports.

    • 07 Jan 2021
  • Ivanhoe Spac nets $240m, eyes new energy industries

    Singapore-based Ivanhoe Capital listed a special purpose acquisition company (Spac) on the New York Stock Exchange this week, raising $240m after increasing the size of the float.

    • 07 Jan 2021
  • Ivanhoe Spac targets US IPO for green energy investments

    Singapore-based Ivanhoe Capital, led by mining billionaire Robert Friedland, is floating a special purpose acquisition company (Spac) on the New York Stock Exchange.

    • 06 Jan 2021
  • Gracell Biotech launches $159m US IPO

    Chinese clinical-stage company Gracell Biotechnologies has kicked off the roadshow for its Nasdaq listing, eyeing up to $158.9m in proceeds.

    • 05 Jan 2021
  • Yidu Tech, Strawbear set to be 2021's first HK listings

    A trio of Chinese companies, including healthcare technology provider Yidu Tech and television series producer Strawbear Entertainment Group, kicked off their IPOs in Hong Kong at the end of December as they prepare to be the first new firms to start trading on the bourse in 2021.

    • 04 Jan 2021