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Equity IPOs

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  • Two Chinese technology firms listing in the US have been hotly received by investors, with both well covered since their launches earlier in the week.
  • Aakash Educational Services is seeking approval to float for Rp12bn ($173.9m), filing a draft IPO prospectus with the country’s market regulator on Thursday.
  • Qilu Expressway’s underwriters have stepped in after the company's HK$1.3bn ($159.3m) Hong Kong IPO fell short in both the institutional and retail tranches.
  • The UK mid-market IPO, an often overlooked corner of the EMEA ECM galaxy, has had a good year despite the chaos surrounding the UK’s exit from the European Union. Many expect that to be the case even after Brexit given the market is a rich source of companies with strong growth profiles.
  • Hong Kong’s Securities and Futures Commission has sanctioned a former Standard Chartered executive in Hong Kong for IPO-related offences.
  • Bankers marketing the latest crop of IPOs from China’s technology sector got their game face on this week amid escalating fears of a trade war with the US.