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Equity IPOs

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  • Frasers Centrepoint has covered its potential S$903m ($663.3m) Singapore real estate investment trust IPO after the first day of bookbuilding, according to a source close to the deal.
  • DNA Ltd, Finland’s third largest mobile phone operator, is considering a second attempt at an IPO as part of its strategic review, nearly three years after shareholders voted against going public.
  • The Hong Kong Stock Exchange (HKEX) appears to be tightening scrutiny on reverse takeovers and listed shell companies, issuing a guidance note on Friday to vet listing candidates more closely.
  • Property developer Frasers Centrepoint has launched bookbuilding for the IPO of a Singapore real estate investment trust backed by its Australian properties, with the deal set to raise up to S$903m ($655.8m).
  • The Securities and Exchange Board of India is requesting public feedback as it makes tweaks to its guidelines on infrastructure investment trusts (InvITs) to spark the asset class into life.
  • The race is on for India’s first insurance IPO as ICICI Prudential Life Insurance lines up banks for its up to $400m float.