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Equity IPOs

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  • L&T Technology Services’ float could raise as much as Rp9bn ($134.7m) in India, with the company setting the price range for the IPO at Rp850-Rp860 a share.
  • Chinese data analytics firm Gridsum Holdings is planning a $75m float on the Nasdaq, according to a draft prospectus filed with the US Securities and Exchange Commission.
  • Nets, one of the largest digital payment service providers in the Nordic region, announced its intention to float on Nasdaq Copenhagen, hoping to emulate the success of larger UK peer Worldpay which was listed last year in London.
  • Singapore is pushing ahead with plans for a dual class share structure, giving it an edge over Hong Kong for the next big technology IPO. But markets watchers warn that progress will take time.
  • Waskita Beton Precast has wrapped up a deal some consider to be this year’s hottest Indonesian IPO, with investors piling in to help it raise Rph5.16tr ($390.61m) near the top of the price range.
  • Postal Savings Bank of China met with the sponsors of its upcoming $8bn Hong Kong IPO in Beijing on Thursday as the issuer approaches hitting the market, according to a source involved in the transaction.