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Executive is moving to more senior role
India is on track for a record year of IPOs. Global tech giants continue to plough capital into a fast-growing consumer economy that is investing heavily in ensuring it’s a major player — along with the US and China — in an AI-first world
◆ Deal finds demand despite arrest of South Korea's president ◆ High single digit concession left for investors ◆ Leads added spread to calm concerns
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  • Two senior bankers have joined Nomura as managing directors on the China investment banking and Asian healthcare teams, according to two memos seen by GlobalCapital Asia.
  • Chinese mobile content aggregator Qutoutiao has hit the play button on its US IPO, targeting $144m from an offering of American Depository Shares (ADS).
  • Larsen & Toubro has raked in Rp18.5bn ($256.5m) after selling a block of shares in subsidiary L&T Infotech, finding strong demand from both institutions and retail investors.
  • Singapore’s United Overseas Bank and Shanghai Pudong Development Bank have agreed to work together on financing Belt and Road-related activities.
  • Chinese gaming firm CMGE Technology Group is planning to list in Hong Kong, filing a draft prospectus with the city’s bourse on Tuesday.
  • Two Chinese bond issuers found opposite responses to their green outings on Tuesday. While China General Nuclear Power Corp opted for a euro-denominated deal to target green dedicated funds in Europe, Beijing Capital Group found less traction with sustainability-focused investors for its dollar trade.
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