CITIC Securities

Indian real estate company Lodha Developers is preparing to raise up to $562m from the primary portion of its planned IPO, according to a draft red herring prospectus filed on Thursday.

Indonesian company Surya Pertiwi has raked in Rph1.25tr ($90m) after pricing its IPO at the bottom of the range, according to a banker close to the deal.

Sarimelati Kencana has started bookbuilding for a Rph1.2tr ($90.2m) IPO in Indonesia, with the Pizza Hut owner seeking a valuation of as much as 26 times earnings.

Heung Li, a former UBS equity capital markets banker, is expected to take up a new position in CLSA, according to sources with knowledge of the move.

Indonesian issuers continued to keep the market focused on new equity fundraisings, as several IPOs launched this week.

Indonesia’s Surya Pertiwi kicked off bookbuilding for its potential Rph1.64tr ($119.1m) IPO on Monday, joining a handful of other companies also seeking a domestic float.

Sarimelati Kencana, the owner of the Pizza Hut franchise in Indonesia, began premarketing its $100m IPO this week, as the country’s equities market gears up for more action.

Chinese conglomerate Sinochem Group has hired a seven-strong syndicate team to run the Hong Kong IPO of its oil assets, according to a banker on the mandate.

Baidu-backed online platform Qeeka Home is hoping to raise around $400m through a Hong Kong IPO, according to bankers close to the situation.

Sarimelati Kencana, the owner of the Pizza Hut franchise in Indonesia, has started talking to investors about a $100m IPO, according to bankers close to the trade.

Bank BRISyariah is out with Indonesia’s first chunky IPO of the year, launching an up to Rph1.7tr ($123.4m) share sale.

China Resources Land bagged Rmb4bn ($635.7m) from a two tranche Panda bond on Wednesday, marking its fifth outing in the market. But the issuer had to change tack at the last minute after investor demand built up for the longer-dated note.