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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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  • Indian pharmaceutical company Strides Shasun Arcolabs has priced a qualified institutional placement — which raised Rp11.03bn ($166.4m) — below its floor price, according to a filing with India’s National Stock Exchange on Monday.
  • YiChang HEC ChangJiang Pharmaceutical Co has priced its HK$1.67bn ($215.4m) IPO in the middle of the range, driven by price sensitive investors in the final book.
  • The London Stock Exchange (LSE) is working with Chinese authorities on the possibility of London-listed RMB-denominated shares, most likely in the form of global depositary receipts (GDRs), Jon Edwards, head of primary markets, Greater China, LSE, told GlobalRMB.
  • Shanghai Fosun Pharmaceutical Group is looking to spin off subsidiary Yaneng Bioscience with a listing in Hong Kong, according to a filing with the city’s stock exchange.
  • The central bank of Laos is planning to close its debut offshore syndicated loan at a size of $158m, in a deal that bankers are hailing as a benchmark for other issuers from the country.
  • The Securities and Exchange Board of India has put together a consultation paper for the public issuance of units of infrastructure investment trusts (InvITs), tackling topics ranging from filing an offer document to divvying up stock to potential investors.
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