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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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  • Indonesia’s Aneka Gas Industri has wrapped up its Rph1.0tr ($77.0m) IPO after pricing towards the middle of price guidance, with strong demand seen from local and foreign long-only investors.
  • Inner Mongolia Energy Engineering Co is planning to float in Hong Kong, filing a draft prospectus with the city’s stock exchange on Monday.
  • Korea Development Bank was courting investors on Tuesday for its fixed rate dual tranche dollar offering, replicating the SEC-registered format used for its January outing.
  • Indiabulls Housing Finance is looking to raise a minimum of Rp10bn ($150m) from its maiden Masala bond, becoming only the third Indian corporate to seek offshore rupees in the public market.
  • GF Securities has finally settled on raising HK$8bn ($1bn) from its latest syndicated loan, doubling the size of the fundraising due to robust demand.
  • Clawback turns his focus to cornerstones. Once a useful tool for creating demand, the process has morphed into a kind of insurance policy for IPOs, writes Philippe Espinasse.
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