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Equity IPOs

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  • Hong Kong’s IPO sponsors are in the spotlight again after the top enforcer at the city’s regulator called them out for poor work this week.
  • LeasePlan, the Dutch car leasing company, abruptly pulled its planned €1bn-plus IPO on Thursday as global equity markets plunged into a sea of red.
  • A chill wind is blowing through the Indian equity markets that is likely to spill over into next year, as the combination of national elections and a liquidity crunch puts investors off primary offerings. John Loh writes.
  • The Milan listing of Piovan, the sole Italian IPO still seeking to be priced this year, is still going strong in the bookbuilding phase despite investors elsewhere fleeing Italian risk.
  • Shurgard Self Storage, a European operator of self-storage facilities, has revised the price range for its €575m IPO on Euronext Brussels and is covered throughout the new range, despite a difficult market where several deals have been pulled and others have traded down in the aftermarket.
  • The IPO of German brake manufacturer Knorr Bremse is hoping to buck a trend of falling IPOs, which have been battered by general market volatility, books will close at noon today and the deal will be priced at €80 a share.