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Equity IPOs

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  • Chinese e-commerce start-up Pinduoduo is set to price its US listing at the top of guidance after a flurry of demand towards the end of its roadshow, according to a banker working on the deal.
  • Singapore Exchange (SGX) has rejigged its listing rules to allow companies in the mineral, oil and gas (MOG) sector to list at an earlier stage.
  • Chitresh Mody has left his job as head of capital markets at JM Financial to start his own fund, sources close to the matter said.
  • Apparel maker TCNS Clothing is set to price its Rp11.24bn ($163.5m) IPO at the top of guidance, almost entirely thanks to institutional investor demand, according to a source close to the deal.
  • Hope Education Group launched its Hong Kong IPO on Monday. The company is hoping to raise up to HK$3.2bn ($408m), with one cornerstone investor already in the bag.
  • Mainland telecommunications infrastructure giant China Tower hit the road on Monday to start drumming up interest in its HK$68.1bn ($8.7bn) IPO, according to a senior banker on the deal.