SJM, Sinomedia swerve Asia IPO pile-up — but three crash

02 Jul 2008

Further slides in global equity indices and continuing weakness in the stockmarkets of Asia Pacific reduced many equity capital markets arrangers to a state of nervous exhaustion this week as they surveyed the carnage of wrecked deals and crashing prices in the secondary market.

However, while several initial public offers were abandoned after their roadshows, two notable deals — the IPOs of Macau casino flagship, Sociedade de Jogos de Macau Holdings, and Chinese TV advertising firm Sinomedia — have been priced and arrangers are forging on with several other larger transactions, with ...

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