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Number of listings for the year doubles over eight weeks in summer as companies seek to access capital after Iran war disruption
Bank set to issue 106.4m shares at $4.48 per share
High-demand investors pick up slack created by institutional and retail investors
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Singapore-based V3 Group, which operates in the luxury lifestyle and wellness markets, began pre-marketing a potential $400m Hong Kong IPO this week, said a banker close to the deal.
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The largest Indonesian IPO in years was dealt a blow when Garuda Maintenance Facility AeroAsia (GMF) was forced to take a knife to its Rph3.2tr ($245.5m) trade. The pipeline for new listings in the country is now in a state of flux, despite looking much brighter only a few months ago. John Loh reports.
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Equity capital markets in Europe are enjoying a steady flow of new deals, including three new convertible bond issues so far this week.
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With strong demand right off the bat, Chinese firm RYB Education has broken through the top of guidance to raise a higher $144.3m from its US flotation, according to a source close to the deal.
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Chinese real estate developer Zhenro Properties Group has filed a draft prospectus with the Hong Kong Stock Exchange for an IPO that could raise up to $500m, according to a source familiar with the matter.
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Edelweiss Financial Services' board has approved a fundraising of up to Rp20bn ($306m), as India's mid-sized banks and brokers look to ride a buoyant equity market.
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