IPOs - All Articles

  • Fashionette prices IPO despite DAX devastation

    German e-commerce company Fashionette, which sells designer handbags and accessories online, set a price for its IPO on the Frankfurt stock exchange on Tuesday, even as the main equity index in the country took a pasting.

    • 12.45 PM
  • GDS prices $1.7bn HK secondary listing

    Chinese data centre operator GDS Holdings has pocketed HK$12.9bn ($1.67bn) from its secondary offering on Hong Kong’s stock exchange.

    • 08.15 AM
  • Krafton picks underwriters for Korean IPO

    Krafton, a popular South Korean video game developer, has mandated banks for its 2021 IPO.

    • 07.45 AM
  • RemeGen launches $514m Hong Kong listing

    RemeGen, a Chinese biopharmaceutical company, has rolled out a Hong Kong IPO that could be worth up to HK$3.99bn ($514.5m).

    • 05.45 AM
  • Lufax hooks investors to $2.4bn US listing

    Ping An Insurance-backed Lufax Holdings has covered its $2.36bn US listing. Global heavy-weight investors flocked to the long-awaited deal.

    • 27 Oct 2020
  • JW Therapeutics closes IPO early

    Chinese biotechnology firm JW (Cayman) Therapeutics is set to close the book for its Hong Kong IPO on Tuesday, a daily earlier than planned, according to a source familiar with the matter.

    • 27 Oct 2020
  • Ant covers $34bn Hong Kong-Shanghai IPO

    Chinese financial technology company Ant Group is set to raise $34.3bn from the world’s largest ever IPO, after covering the deal within minutes of launch.

    • 27 Oct 2020
  • Soltec Power IPO to price at top of the range

    The IPO of Soltec Power, the Spanish maker of solar trackers for renewable energy generation, is due to be priced at €4.82, the top of the initial range, after attracting strong demand from investors keen to add stocks with strong ESG credentials to their portfolios during the pandemic.

    • 26 Oct 2020
  • Fosun-backed Gland Pharma gets Sebi nod for Rp60bn IPO

    Gland Pharma, a subsidiary of Shanghai Fosun Pharmaceutical Group, has won approval for its IPO from India’s securities regulator, according to a source close to the deal.

    • 23 Oct 2020
  • Lufax launches roadshow for $2.36bn US IPO

    Lufax Holdings, a personal finance services platform, has opened books for its offering of American depositary shares (ADS). It is aiming to raise up to $2.36bn.

    • 23 Oct 2020
  • Soltec Power rides ESG momentum with €150m IPO

    Soltec Power Holding, the Spanish maker of solar trackers for renewable energy generation, has narrowed the price range for its IPO on the Spanish Stock Exchange, after the deal was covered shortly after the launch of bookbuilding earlier this week.

    • 22 Oct 2020
  • Canal+ Polska launches Warsaw IPO

    Emerging market IPOs have been one of the hottest themes in EMEA equity capital markets this year and issuance is set to continue as Canal+ Polska, the Polish television network owned by French TV service Canal+, launched its IPO on Thursday.

    • 22 Oct 2020
  • 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
  • Link Mobility trades up after $650m flotation

    Link Mobility, the Norwegian provider of business to consumer messaging and mobile services, has begun trading on the Oslo Børs following the completion of its Nkr6bn ($650m) IPO.

    • 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
  • Fashionette to open IPO books after setting range

    German e-commerce company Fashionette, which sells designer handbags and accessories online, has set a price range for its IPO on the Frankfurt stock exchange.

    • 20 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
  • E-commerce the hot ticket in Europe’s IPO market

    E-commerce listings have been been a high point of equity issuance during the second half of 2020, with the sector generating strong returns for investors. Most of the year’s listings have been completed, but banks are already working on deals from the sector for 2021.

    • 19 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
  • Goldman-backed ReNew Power eyes US listing

    ReNew Power, an Indian solar and wind power producer, is looking to the US for a potential IPO, according to a source familiar with the matter.

    • 19 Oct 2020
  • Nanofilm Tech revives SGX with $346m IPO

    Nanofilm Technologies International is giving the Singapore Exchange some much-needed IPO activity, launching the first main board listing on the bourse since the beginning of the year.

    • 19 Oct 2020
  • Ninebot sets price for China’s first CDR listing

    Xiaomi Corp-backed electric scooter maker Ninebot has set the issue price for its Rmb2.08bn ($309m) IPO on Shanghai’s Star market, the first offering of depository receipts in China.

    • 16 Oct 2020
  • Peter Thiel-backed Bridgetown Spac seals $550m US IPO

    Blank check company Bridgetown Holdings, which is focused on southeast Asia, has raised $550m from a listing on the Nasdaq.

    • 16 Oct 2020
  • KWG Living, Radiance kick off IPO roadshows

    KWG Living Group Holdings, a property manager, and real estate developer Radiance Holdings launched bookbuilding for their Hong Kong IPOs on Friday.

    • 16 Oct 2020
  • Kaspi completes IPO in a watershed moment for EM

    Kazakh fintech and e-commerce firm Kaspi began trading on the London Stock Exchange on Thursday after completing a popular IPO. The deal was a remarkable achievement and there are hopes it means future growth-orientated IPOs from the emerging and frontier markets may see similar success, writes Sam Kerr.

    • 15 Oct 2020
  • Miniso seals $608m NYSE IPO above guidance

    Chinese discount retailer Miniso Group Holding raised $608m from a successful US listing on Thursday, after pricing the deal above the marketed range.

    • 15 Oct 2020
  • Samolet looks to take advantage of Russia’s retail investing surge

    Samolet, the Russian real estate company, has launched the first leg of a two stage listing on the Moscow stock exchange, hoping to take advantage of a surge in demand from local retail investors this year.

    • 15 Oct 2020
  • Kaspi grows IPO, will price at top

    Kaspi, the Kazakh fintech and e-commerce company, will price its IPO at the top of its price range. It will also grow the deal to around $1bn to meet high levels of investor demand.

    • 13 Oct 2020
  • Malaysia’s Top Glove eyes HK dual listing

    Top Glove Corp, the world’s largest rubber glove maker, is considering a dual primary listing on Hong Kong’s stock exchange.

    • 13 Oct 2020
  • Second music royalties fund readies London flotation

    A new music royalties-focused fund is preparing to launch on the London Stock Exchange, having announced its intention to float on Tuesday.

    • 13 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
  • Germany’s fashionette looks to ride e-commerce IPO wave

    German e-commerce company fashionette, which sells designer handbags and accessories online, has launched an IPO on the Frankfurt stock exchange. Sources close to the deal are hoping that other large e-commerce listings will boost the flotation.

    • 12 Oct 2020
  • Allegro soars 52% on day one to bring ECM cheer

    Polish e-commerce firm Allegro has soared in trading on its first day, giving a huge boost to equity capital markets after a difficult period for IPOs.

    • 12 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
  • Converge ICT prices Philippine IPO low

    Converge ICT Solutions, an internet service provider, has bagged Ps25.2bn ($521.1m) from its Philippine IPO after pricing the stock just off the bottom of the marketed range.

    • 09 Oct 2020
  • Excellence Commercial closes books early for HK$3.2bn IPO

    Excellence Commercial Property and Facilities Management Group has closed its IPO early on the back of strong investor demand. It is looking to price its deal at the top of the range, according to a source close to the listing.

    • 09 Oct 2020
  • Ride-sharing firm Dida eyes HK listing

    Chinese startup Dida, a ride-sharing platform, is looking to float on Hong Kong’s stock exchange, having filed a draft prospectus with the bourse.

    • 09 Oct 2020
  • Winter is coming: long threatened volatility starts to bite at ECM supply

    Investors’ fears over the disruption the US presidential election and rising Covid-19 cases could bring to equity markets became a grim reality this week as volatility buffeted IPOs. With three weeks until the vote, all eyes are on how much damage US president Donald Trump and Joe Biden will do to the primary equity capital markets, writes Sam Kerr.

    • 08 Oct 2020
  • Home Reit raises £240m against tough IPO backdrop

    Home Reit will become the first London-listed real estate investment trust dedicated to providing accommodation for the homeless, following the successful completion of its £240.5m IPO on Thursday.

    • 08 Oct 2020
  • Kazakhstan's Kaspi covered on first day of London IPO

    Kaspi, the Kazakh fintech and e-commerce firm, has attracted enough orders to cover the books on its London IPO on the first day, according to sources close to the deal.

    • 08 Oct 2020
  • Lufax targets multi-billion-dollar US listing

    Chinese peer-to-peer lender Lufax Holding filed IPO paperwork in the US on Wednesday for what is expected to be a jumbo listing.

    • 08 Oct 2020
  • Southeast Asia IPOs return to form as Covid concerns ease

    Southeast Asian bankers are enjoying a revival in primary equity raising, after three large deals were launched or set to be priced this week. Bankers are guardedly optimistic they can keep up the momentum. Jonathan Breen reports.

    • 08 Oct 2020
  • Bankers balk at London bans for suspect foreign firms

    Suggestions that the UK government is considering a consultation process to give it the power to ban foreign firms from listing on the London Stock Exchange have horrified equity capital markets bankers.

    • 07 Oct 2020
  • IPOs trade down on first day after Trump sinks markets

    Shares in two companies, listed on Wednesday, are trading below their IPO price, with bankers blaming more volatile market conditions for the disappointing moves.

    • 07 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
  • Sovcomflot books close at bottom of the range

    Sovcomflot, the state-owned Russian shipping company, will price its IPO at Rb105 a share, the bottom of it range.

    • 06 Oct 2020
  • Link Mobility attracts heavy cornerstone demand

    Link Mobility Group Holding, the Norwegian provider of business to consumer messaging and mobile services, has secured seven cornerstone orders for stock as part of its flotation in Oslo.

    • 06 Oct 2020
  • Malaysia’s Mr DIY cracks open long-awaited $363m IPO

    Mr DIY Group has kicked off the roadshow for its MR1.5bn ($362.7m) IPO, set to be Malaysia’s largest listing in over three years.

    • 06 Oct 2020
  • Excellence Commercial builds demand for HK IPO

    Excellence Commercial Property and Facilities Management Group has hit the road with its IPO in Hong Kong. It is looking to raise up to HK$3.2bn ($413.4m).

    • 06 Oct 2020
  • Ugly US election looms large over ECM

    Global equity capital markets bankers anticipate a disorderly US election in November. They fear that a disputed contest between president Donald Trump and former vice-president Joe Biden could lead to sustained market volatility which would severely impact ECM issuance.

    • 05 Oct 2020
  • Converge ICT launches Philippines’ largest IPO

    Philippines-based internet services provider Converge ICT Solutions has kicked off the roadshow for its up to Ps28.6bn ($590.4m) IPO, set to be the country’s largest ever public offering.

    • 05 Oct 2020
  • Brookfield tees up India Reit IPO

    Brookfield Asset Management is readying the IPO of its Indian real estate investment trust, which could raise up to Rp38bn ($519m) in primary proceeds.

    • 05 Oct 2020
  • Investors on board as Kaspi launches London IPO

    Kaspi IPO has officially launched its second attempt at a London listing and already built up a substantial shadow book of demand for the deal.

    • 02 Oct 2020