• Ant comes closer to jumbo listing as investors vie for $35bn deal

    China’s Ant Group kicked off marketing for its Hong Kong and Shanghai dual listing on Thursday, the last stage before launching a possible $35bn IPO, set to be the world’s largest to date. The combined offering is already more than a third covered by onshore investors, with global buyers lining up for the rest. Addison Gong and Jonathan Breen report.

    • 22 Oct 2020
  • JW Therapeutics opens $300m Hong Kong IPO

    JW (Cayman) Therapeutics set its IPO in motion on Thursday, opening the order book for the up to HK$2.3bn ($300m) deal.

    • 22 Oct 2020
  • China Everbright debuts in dollars

    China Everbright, the Hong Kong asset manager, sold its maiden dollar bond on Tuesday.

    • 21 Oct 2020
  • GDS Holdings covers HK secondary offering

    Chinese data centre operator GDS Holdings has covered the books for its Hong Kong secondary offering, just hours after launching a deal that could be worth about $1.6bn.

    • 21 Oct 2020
  • Simcere Pharma nets $461m from top-end pricing

    Simcere Pharmaceutical Group has bagged HK$3.57bn ($460.6m) from its IPO, after sealing the offer at the top end of the price guidance, according to a source familiar with the deal.

    • 20 Oct 2020
  • Ant wins approval for Hong Kong leg of $30bn listing

    Ant Group has got the go ahead from regulators for the Hong Kong portion of its dual listing, which is expected to raise around $30bn in the largest ever primary share offering globally.

    • 20 Oct 2020
  • Shimao Services launches $1.3bn Hong Kong IPO

    Shimao Services has joined the stream of Chinese property managers listing in Hong Kong this year, kicking off bookbuilding for its up to HK$10.1bn ($1.3bn) IPO.

    • 20 Oct 2020
  • JW Therapeutics pre-markets Hong Kong IPO

    JW (Cayman) Therapeutics has launched pre-deal investor education for its Hong Kong IPO, setting the final stage of the deal ahead of launch in motion.

    • 20 Oct 2020
  • China’s SDIC recharges with $201m GDR listing

    Shanghai-listed SDIC Power Holdings has priced its $200.6m London offering of Global Depository Receipts (GDRs) at the bottom of the marketed range.

    • 19 Oct 2020
  • What trade war? China nabs US bid with 144A

    China raised a combined $6bn from a four tranche transaction on Wednesday, turning to US investors for the first time despite rising tensions between the two countries. It appeared a smart move, helping the bonds price well inside fair value. Morgan Davis reports.

    • 15 Oct 2020
  • Simcere Pharma kicks off $461m Hong Kong IPO

    Simcere Pharmaceutical Group has begun its Hong Kong listing, opening books for the up-to HK$3.57bn ($460.6m) deal.

    • 13 Oct 2020
  • Shimao, KWG premarket Hong Kong IPOs

    Chinese property managers Shimao Services Holdings and KWG Living Group Holdings have kicked off pre-deal investor education for a pair of Hong Kong listings.

    • 12 Oct 2020
  • Weihai City Commercial Bank seals HK$2.9bn listing

    Weihai City Commercial Bank has bagged HK$2.9bn ($374.2m) after pricing its IPO at the bottom of the marketed range, according to a source close to the deal.

    • 07 Oct 2020
  • Simcere Pharma, First Service pre-market HK IPOs

    Chinese companies Simcere Pharmaceutical Group and First Service Holdings have started testing investor appetite for their Hong Kong IPOs.

    • 07 Oct 2020

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 19.21
2 China Merchants Bank Co 12.60
3 China Construction Bank (CCB) 10.26
4 Industrial and Commercial Bank of China (ICBC) 9.99
5 Agricultural Bank of China (ABC) 9.30

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 22.40 88 7.49%
2 China International Capital Corp Ltd 19.58 93 6.55%
3 CITIC Securities 19.03 116 6.36%
4 Goldman Sachs 17.71 107 5.92%
5 China Securities Co Ltd 15.52 60 5.19%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 HSBC 28.75 221 7.62%
2 Citi 28.31 167 7.50%
3 JPMorgan 19.15 132 5.07%
4 BofA Securities 18.70 103 4.95%
5 Standard Chartered Bank 17.89 163 4.74%

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