Citi
-
Philips Lighting and Maisons du Monde’s IPOs have run precisely along the same timelines, with many similarities in how the sales went, and today their debut trading performances also ran in parallel, as both stocks jumped. Philips Lighting closed up 10% and Maisons du Monde 5.9%. -
Cemex Holdings Philippines is planning to start pre-marketing its potential $500m IPO from the first week of June, according to a source with direct knowledge of the matter.
-
Guangzhou Rural Commercial Bank has sent out a request for proposals to banks to lead its up to $1.5bn Hong Kong listing, said a source who has received the RFP.
-
Midea Group found a strong following this week for its international debut bond. While the lack of deals from its industry peers posed a challenge in finding comparables, the notes thrived on their rarity value.
-
-
A pair of issuers reopened the 10 year part of the dollar curve for sovereigns, supranationals and agencies this week, but despite both trades gaining plaudits there is still scepticism over whether a $2bn-plus sized deal is possible.
-
Dong Energy began the bookbuild for its Copenhagen IPO on Thursday, at a price range of Dkr200 to Dkr255 a share, which would give it a market cap of Dkr83.5bn to Dkr106.5bn ($12.5bn-$16bn).
-
-
-
Axis Bank revived Indian green bond issuance this week with the country’s third international deal. Financial institutions are expected to dominate the pipeline for the rest of the year, as the challenge of issuing offshore deters other borrowers, writes Narae Kim.
-
Aircraft leasing firm BOC Aviation has raised HK$8.7bn ($1.1bn) from its IPO after a flood of orders from institutional and Hong Kong retail investors.
-
Indonesian power producer Cikarang Listrindo is wrapping up the largest IPO in Indonesia in nearly five years this week. The country’s equity capital markets have been quiet this year, but that could be changing as Cikarang shows there is a strong level interest in the country from international investors. Jonathan Breen reports.
