• HKEX releases guidelines on dual listings, dual class

    The Hong Kong Stock Exchange (HKEX) has released its long-awaited guidelines on dual-class shares, with the move set to allow Chinese firms such as Alibaba Group Holdings to have a secondary listing in the city for the first time.

    • 23 Feb 2018
  • Sembcorp eyes $632m from India energy arm spin-off

    Singapore-listed Sembcorp Industries is planning to spin-off and list its Indian energy unit, which will raise Rp41bn ($632.2m) from a fresh issue of stock, according to a draft red herring prospectus filed on Thursday.

    • 23 Feb 2018
  • Southeast Asia ECM pipeline fills up in Year of the Dog

    The pipeline for equity capital raisings out of Southeast Asia is filling up nicely, with issuers from the Philippines, Vietnam, Bangladesh and Singapore looking to launch deals.

    • 22 Feb 2018
  • Sebi cracks whip on banks for retail IPO work

    The Securities and Exchange Board of India (Sebi) is cracking the whip on banks managing IPO applications for retail accounts, saying investors may have to be compensated under certain conditions.

    • 21 Feb 2018
  • HG Infra preps Rp4.6bn India listing

    HG Infra Engineering is planning to launch its Rp4.7bn ($72.4m) IPO in India at the end of February.

    • 21 Feb 2018
  • Flemingo Travel eyes Rp24bn in fresh capital from IPO

    Flemingo Travel Retail has filed a draft red herring prospectus with India’s stock market regulator. The company plans to go public using a mix of new and existing shares.

    • 20 Feb 2018
  • Ganfeng Lithium seeks greenlight for HK IPO

    Ganfeng Lithium Co, the world’s largest producer of lithium metals, has filed a draft IPO prospectus with the Hong Kong Stock Exchange.

    • 15 Feb 2018
  • Baidu's iQiyi sets ball rolling for US IPO

    Baidu-backed video streaming platform iQiyi has filed documents with the US market regulator for a listing of American Depository Shares (ADS), according to the Chinese parent company’s quarterly earnings report released on Tuesday.

    • 14 Feb 2018
  • Shenzhen Stock Exchange to woo tech IPOs

    The Shenzhen Stock Exchange (SZSE) may adjust its profitability and share structure requirements for IPOs as technology-oriented listings come to the fore.

    • 14 Feb 2018
  • Tianli Education plans Hong Kong IPO

    Tianli Education International Holdings filed a draft IPO prospectus with Hong Kong’s stock exchange on Tuesday, joining the ever-growing group of Chinese education firms listing in the city.

    • 14 Feb 2018
  • Singapore eyes first Bangladeshi IPO in Summit Power

    Singapore is set to host its first IPO from Bangladesh, with Summit Power looking to hit screens in early March, said bankers close to the deal.

    • 13 Feb 2018
  • Vingroup mulls $1bn housing unit spin-off

    Vingroup is considering the spin-off and listing of its residential business Vinhomes in a deal that could be worth around $1bn, according to a source familiar with the matter.

    • 13 Feb 2018
  • GMR Infrastructure picks banks for IPO of airport arm

    India’s GMR Infrastructure has mandated three banks for the spin-off and listing of its airports unit, according to sources close to the matter.

    • 13 Feb 2018
  • CCB, Citic CLSA lead Jiangxi Bank's Hong Kong IPO

    Jiangxi Bank has filed a draft prospectus for its Hong Kong IPO, with the Chinese lender appointing two firms as sponsors.

    • 13 Feb 2018
  • IPO roundup: Spandana preps $150m deal, Indostar eyes $300m

    Indian micro-finance lender Spandana Sphoorty Financial is in the process of mandating banks for a potential $150m IPO, according to a banker at a firm pitching for the deal.

    • 12 Feb 2018
  • Aster DM Healthcare nets eight IPO anchor investors

    Aster DM Healthcare has brought in eight investors including Caisse de dépôt et placement du Québec and First State Investments to anchor its Rp9.8bn ($152.7m) IPO in India.

    • 12 Feb 2018
  • Huami weathers US equity rout as shares pop on debut

    A tightly allocated book helped Huami Corp weather the storm in equity markets, with the New York Stock Exchange-listed company closing 2% higher on its debut.

    • 09 Feb 2018
  • Qingdao Haier mulls debut D-share listing in Germany

    Mainland consumer electronics giant Qingdao Haier is considering launching a flotation of Chinese D-shares on the Frankfurt-based China Europe International Exchange (Ceinex).

    • 09 Feb 2018
  • Aekyung Industry readies W232bn flotation

    South Korean firm Aekyung Industry Co is preparing to launch an IPO that could be up to W231.9bn ($213.3m), according to filing with the Korean market regulator on Thursday.

    • 09 Feb 2018
  • Credit Suisse equity-linked head rejoins Morgan Stanley

    Eva Zhong, who ran Credit Suisse’s equity-linked business in Asia, is rejoining Morgan Stanley to take up a senior equity capital markets role, sources close to the move said.

    • 09 Feb 2018
  • Asian ECM brushes off global stock selldown

    Asian stocks added to the rout in global equity markets this week, putting a speed bump in front of the frenetic pace of primary activity. But deals continued to get done through the worst of the selldown, as equity bankers argued that the sell-off was a healthy, and temporary, correction. John Loh reports.

    • 08 Feb 2018
  • Aster DM prepares float, ICICI Sec listing approved

    Aster DM Healthcare is finally set to launch its Rp9.8bn ($152.7m) IPO, having once again scaled back the deal size and changed the syndicate.

    • 08 Feb 2018
  • Agile spin-off pockets $524m from Hong Kong listing

    A-Living Services raised HK$4.1bn ($524.4m) from its IPO this week. It priced the deal below the midpoint of guidance, but it was well-received across all tranches.

    • 08 Feb 2018
  • ICICI Securities wins approval for Rp30bn IPO

    India’s capital markets regulator has given ICICI Securities the greenlight to hold an IPO, which is expected to raise at least Rp30bn ($467m).

    • 07 Feb 2018
  • Light Year, Pacific Millennium plan HK listings

    Mainland firms Light Year Holdings and Pacific Millennium Packaging Group are seeking approval to float in Hong Kong. They both filed draft IPO prospectuses with the city’s bourse on Monday.

    • 06 Feb 2018
  • Del Monte eyes $324m from Philippines spin-off

    Food and beverage company Del Monte Pacific is looking to spin off and list its Philippine subsidiary through a secondary share offering. The company wants to raise as much as Ps16.7bn ($324.1m), according to a filing on Tuesday.

    • 06 Feb 2018
  • The price is (not always) right

    In the latest Clawback, columnist Philippe Espinasse takes a closer look at two new IPO guidance letters released by the Hong Kong bourse.

    • 05 Feb 2018
  • Agile spin-off bags $524m from Hong Kong flotation

    A-Living Services has priced its Hong Kong IPO below the midpoint of guidance. The company raised HK$4.1bn ($524.2m) after the deal was well-received across all tranches.

    • 05 Feb 2018
  • Drug manufacturer AGP guns for $25m Pakistan IPO

    Pakistan-based pharmaceutical company AGP is set to launch bookbuilding for a Prp2.8bn ($25.2m) offer-for-sale on the country’s stock exchange this week, according to a statement by financial services company JS Global Capital.

    • 05 Feb 2018
  • Aster DM Healthcare rejigs IPO size, syndicate yet again

    Aster DM Healthcare is set to launch its Rp9.8bn ($152.7m) IPO in India next week, after only its latest attempt to scale back the deal size and change the syndicate group.

    • 05 Feb 2018
  • HKEX gives IPO issuers more flexibility on price range

    The Hong Kong Stock Exchange is giving IPO hopefuls more flexibility to price outside of indicative price ranges set during marketing, bringing its listing rules more in line with the US.

    • 05 Feb 2018
  • Nazara Tech seeks green light for Indian IPO

    Mobile gaming company Nazara Technologies is planning to float on India’s stock exchanges through an offer-for-sale (OFS) of secondary equity, and has filed a draft prospectus with the market regulator.

    • 02 Feb 2018
  • India seeks InvIT boost as NHAI picked for share sale

    India plans to monetise its highway assets by packaging them into infrastructure investment trusts (InvITs) for IPOs, the government said during its annual budget presentation.

    • 02 Feb 2018
  • Galaxy Surfactants goes for the top with India IPO

    Indian specialist chemical producer Galaxy Surfactants closed books for its IPO on Wednesday and is set to raise Rp9.4bn ($146.9m) after the deal was multiple times covered by institutional investors.

    • 01 Feb 2018
  • Huami, Ping An Good Doctor lead China tech IPO march

    The first of China’s much-anticipated pipeline of technology-centric IPOs this year is starting to materialise.

    • 01 Feb 2018
  • India plans to merge and list public insurance trio

    The Indian government plans to merge three public sector general insurance companies into a single entity and float it on the stock exchange, finance minister Arun Jaitley said during the annual Union Budget on Thursday.

    • 01 Feb 2018

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Industrial and Commercial Bank of China (ICBC) 35.00
2 China CITIC Bank Corp 30.00
3 China Merchants Securities Co 17.00
4 HSBC 5.00
4 Standard Chartered Bank 5.00

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,061.71 11 11.32%
2 Huatai Securities Co Ltd 3,404.45 12 7.62%
3 Citi 2,574.12 16 5.76%
4 UBS 2,554.62 13 5.71%
5 CITIC Securities 2,314.61 9 5.18%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 4,546.69 36 7.39%
2 Citi 4,069.98 24 6.62%
3 Goldman Sachs 3,658.91 12 5.95%
4 JPMorgan 3,357.93 14 5.46%
5 Morgan Stanley 3,085.35 21 5.02%

Asian polls & awards

  • Regional Capital Markets Awards Part IV: Investment Bank

    In the last instalment of our 2017 awards, we present the full write-ups of the winners of Best Asian Investment Bank and Best Investment Bank.

  • Regional Capital Markets Awards Part III: Bonds

    In the third instalment of our 2017 awards, we present the full write-ups of the winners of the Best Local Currency Bond, Best High Yield Bond, Best Financial Bond, Best SSA Bond, Best Investment Grade Bond, Best Project Finance Deal, Best Bond, Best G3 and Local Currency Bond House, and Best High Yield Bond House.

  • Regional Capital Markets Awards Part II: Equities

    In the second instalment of our 2017 awards, we present the full write-ups of the winners for Best Follow-On/Accelerated Bookbuild, Best Equity-Linked Deal, Best IPO, Best ECM Deal and Best ECM House.

  • Regional Capital Markets Awards Part I: Loans

    In the first instalment of our 2017 awards, we present the full write-ups of the winners for Best Investment Grade Syndicated Loan, Best High Yield Syndicated Loan, Best Leveraged/Acquisition Finance, Best Loan and Best Loans House.

  • GlobalCapital Asia regional capital markets awards 2017: the winners

    Over the last two months, GlobalCapital Asia's team has conducted pitch meetings with banks to decide the most impressive capital markets transactions and advisers in Asia in 2017.