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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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  • Oversea-Chinese Banking Corp (OCBC) reopened Singapore’s additional tier one market this week, managing to raise S$1bn ($726.87m) from the first such deal in 14 months.
  • Chinese mobile internet company CooTek is planning a $100m IPO of American Depository Shares (ADS), according to a draft prospectus filed with the US Securities and Exchange Commission on Thursday.
  • Integrated online healthcare provider 111 filed draft documents on Wednesday for a potential $200m issue of American Depository Shares (ADS).
  • China’s answer to Tesla is set to make a splash with its New York IPO. Nio is preparing a multibillion-dollar listing that will test investor appetite for the booming electric car industry. John Loh reports.
  • Asia’s offshore bond market has ground to a halt. Global market volatility, driven by in part by geopolitical risk, has left borrowers on the sidelines, waiting for what will they hope will be a more stable market in September. In the meantime, the only sign of resilience in the region comes from China, where local banks can be leaned on to anchor deals. Morgan Davis reports.
  • Deutsche Bank taps Ngan for ECM — Citi names first BRI head — Li emerges at Citic — Morgan Stanley promotes in SEA — Nomura hires for Korea DCM
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