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Equity IPOs

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  • India’s RBL Bank priced its Rp12.1bn ($180.4m) IPO at the top end of guidance after a surge of demand pushed the deal to close nearly 70 times subscribed, said sources familiar with it.
  • The Hong Kong equity capital market is coming back to life with Jacobson Pharma Corp beginning pre-deal investor education on Wednesday for its up to $150m IPO.
  • The Indian government has rejigged the conflict of interest clause in an upcoming request for proposals for sell-downs of companies in the Special Undertaking of Unit Trust of India, according to a source with knowledge of the situation.
  • Indian pharmaceutical firm Laurus Labs is planning to go public this year with a Rp10bn ($149.0m) IPO, according to sources familiar with the deal.
  • Doosan Bobcat is expected to start gauging sentiment for its $1bn-$2bn IPO in South Korea immediately after the securities registration statement is filed on September 8, according to bankers on the deal.
  • Datang Environment Industry Group Co has refiled its IPO application with the Hong Kong bourse almost a year after its first attempt at a listing, but this time without Morgan Stanley as a joint sponsor.