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Equity IPOs

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  • Indian state-owned defence giant Hindustan Aeronautics has announced the price range for its potential Rp42.3bn ($649.6m) IPO, which is set to hit screens next week, according to a source close to the deal.
  • India’s National Stock Exchange (NSE) is likely to delay its long-awaited IPO to the 2019 financial year after the country’s market regulator sent back the bourse’s consent plea on an issue around co-location, amid an ongoing investigation.
  • India’s Bandhan Bank is set to launch bookbuilding for its Rp44.7bn ($687.5m) IPO next week, according to a notice on Thursday.
  • Chinese video streaming platform Bilibili filed a prospectus with the US market regulator this week, eyeing up to $400m from an IPO of American Depository Shares (ADS).
  • Chinese outlet mall trust Sasseur Reit has kicked off a fixed price bookbuilding for its S$396m ($301.3m) Singapore IPO, placing nearly half the deal with cornerstone investors.
  • Equity markets began the week facing what could well have proved major disruption in the form of Sunday's Italian election result and talk of tariffs in the US. But they have proven remarkably resilient to global shocks.