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Equity IPOs

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  • Cofco Meat Holdings has launched an up to HK$2.59bn ($333m) listing in Hong Kong after wooing three investors as cornerstones.
  • ZTO Express has revealed the terms for its upcoming $1.3bn US IPO, which will be the largest listing in the country by a Chinese firm since Alibaba Group Holdings' $25bn float in 2014.
  • Nets, the Nordic payment processing group whose shares have fallen 13% since their IPO three weeks ago, has reassured shareholders that it will not suffer materially from Nordea’s decision to change its mobile payments joint venture in Denmark and Norway.
  • Teflon Thailand proved its resilience again this week, as stocks rebounded and Banpu Power priced its Bt13.6bn ($394m) listing on the same day news broke about the passing of the country’s beloved king.
  • Doosan Bobcat has refiled for a potential W990.9bn ($875.1m) listing on the Korean stock exchange after its first attempt for over twice that amount failed.
  • Pilipinas Shell Petroleum Corp has clinched a Ps18.4bn ($380.6m) IPO after robust demand meant the leads had tough time during an allocation process that saw plenty of investors scaled back.