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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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Cango, a Chinese online marketplace for vehicle sales, has started bookbuilding for its $150m IPO on the New York Stock Exchange. -
Citi has named Prosenjit Saha as head of loan sales for ASEAN and India, a newly created position to boost the bank’s loan business in the regions.
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Hang Lung Properties raised Rmb1bn ($149.8m) in its Panda bond sale on July 13. Most of the demand for the builder’s debut came from the offshore market, as mainland investors, guided by the government’s policy, kept their hands off real estate names.
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Chicago Mercantile Exchange Group on Sunday revealed that its second quarter average daily volume of derivatives products outside of the US was up 13% compared with the same period last year.
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The Financial Stability Board (FSB) on Monday laid out a framework to oversee the financial stability risks posed by the cryptocurrency market. However, the body warned that some public data could be “manipulated” due to “prohibited practices such as wash trading, spoofing and pump and dump”.
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Hope Education Group began pre-marketing for its $400m Hong Kong float on Monday, the latest in a long line of IPOs from the education sector.
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