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Equity IPOs

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  • Indian school textbook publisher S Chand and Co has begun pre-marketing its IPO, which comprises primary and secondary equity.
  • ING Life Insurance Korea is seeking approval to go public through an IPO, filing a draft prospectus with the Korea Exchange (KRX) on Thursday.
  • Shandong International Trust Co’s $300m IPO in Hong Kong has been given the go-ahead by the China Securities Regulatory Commission.
  • Saudi Aramco is set to appoint up to five banks to advise it on its potential initial public offering after a six month pitching process reached its climax this week. Contrary to earlier reports, Moelis & Co will not be the sole adviser, but will be joined by another independent, two bulge bracket banks and a local firm, writes David Rothnie.
  • Singapore Telecommunications is working with DBS, Morgan Stanley and UBS to lead the $2bn IPO of its broadband unit NetLink Trust.
  • Ashurst has appointed Pui Hong Chik as a partner in its corporate practice in Hong Kong to bolster its Greater China business, the law firm said on Thursday.