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A handful of large new listings have emerged from South Africa, Kenya and Angola and more are set to follow
Submarine mast maker's IPO raised €132.8m
Vincorion is expected to continue defence IPOs later this week
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Asian stocks added to the rout in global equity markets this week, putting a speed bump in front of the frenetic pace of primary activity. But deals continued to get done through the worst of the selldown, as equity bankers argued that the sell-off was a healthy, and temporary, correction. John Loh reports.
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Aster DM Healthcare is finally set to launch its Rp9.8bn ($152.7m) IPO, having once again scaled back the deal size and changed the syndicate.
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A-Living Services raised HK$4.1bn ($524.4m) from its IPO this week. It priced the deal below the midpoint of guidance, but it was well-received across all tranches.
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A buoyant January in equities markets has been followed by a difficult start to February, with the first IPOs out of a full pipeline seeing some issues in marketing just as stock markets tumble across the globe.
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The €478m IPO of Instone Real Estate, the German home builder, is covered at its full size, less than four working days into the bookbuild.
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India’s capital markets regulator has given ICICI Securities the greenlight to hold an IPO, which is expected to raise at least Rp30bn ($467m).