Asia Pacific

Chinese firms Lizhi and Phoenix Tree Holdings are each planning US IPOs of up to $100m, according to listing documents filed with the SEC.

Bitcoin mining hardware maker Canaan has ditched a listing in Hong Kong SAR in favour of the US, filing for an up to $400m IPO of American Depository Shares (ADS) on Nasdaq.

Meinian Onehealth Healthcare Holdings Co’s only offshore bond rocketed in the secondary market after Chinese technology giant Alibaba Group Holding became its second largest shareholder.

BNP Paribas has named Karine Delvallée as its new head of territory for Australia and New Zealand and general manager of the bank’s Australia branch.

Verizon Communications, the US telecoms group, is preparing to return to the Kangaroo bond market with a multi-tranche deal, offering maturities up to 20 years — far longer than its longest outstanding 10 year tranche.

ESR Cayman has raised HK$12.6bn ($1.6bn) from its Hong Kong IPO after pricing the deal at the mid-point of guidance and exercising the greenshoe in full, according to a source familiar with the matter.

Small appliance maker JS Global Lifestyle Co has shelved its potential HK$3.62bn ($462.2m) Hong Kong listing after a week of bookbuilding.

Thailand-based S Hotels and Resorts has priced its IPO near the bottom end of the marketed range, raising Bt7.5bn ($247.9m).

Crédit Agricole is planning to sell its first Panda bond in late November, according to two sources. It will be the maiden renminbi-denominated bond to be sold in China by a French bank and the first syndicated Panda from the European country.

Shanghai Kindly Medical Instruments Co has hit the road for a Hong Kong IPO, targeting proceeds of up to HK$832m ($106m).

New World Development Co reopened a perpetual bond from earlier this year that came with an aggressive fixed-for-life structure. It raised an additional $400m ahead of yet another widely-anticipated Federal Reserve interest rate cut this week.

NetEase-backed Chinese education platform Youdao fell by more than 25% on its debut on the New York Stock Exchange last Friday, after pricing its listing and concurrent private placement in the top half of guidance.