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Equity IPOs

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  • Cornerstone investors used to be the trusted, fail-safe, mechanism that ensured the success of Hong Kong IPOs. Not anymore, writes Clawback columnist Philippe Espinasse.
  • Tritax has raised £300m through a fixed price IPO in order to create a new real estate investment trust focused on logistics property in continental Europe.
  • Equity capital markets are firmly gearing up for summer and investors are looking beyond to autumn and the next batch of European IPOs. But many are limiting their expectations given the number of quality companies this year which have been sold privately, rather than through an IPO.
  • Mainland firms Hujiang Education & Technology Corp and China Beststudy Education Group are planning to list in Hong Kong, having submitted IPO documents to the stock exchange.
  • Malaysia’s Sapura Energy plans to spin off its exploration and production arm through an IPO, having picked two banks to lead the transaction.
  • Hong Kong start-up Welab Holdings has filed a listing application with Morgan Stanley as lead left underwriter and sponsor alongside JP Morgan.