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Listing timelines are slipping towards next year as economic uncertainty is making investors wary
Pierre Gay is retiring after seven years in the post
Proceeds enable fund to buy 14-property portfolio as units fully placed in best efforts process
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Max Financial Services made a quick return to ECM with its latest overnight bookbuild raising Rp8bn ($124m) – although slippage was more severe this time around.
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South Korean game developer Netmarble Games is set to rake in W2.7tr ($2.4bn) from its IPO as books were multiple times covered at the top of guidance, according to a banker on the deal.
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India’s divestment body has hired banks to lead the IPO of state-owned reinsurer General Insurance Corp of India, which is expected in the fourth quarter of 2017, according to a banker on the mandate.
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Fufeng Group has raised HK$777.0m ($99.9m) after selling a top-up placement of its shares through a subsidiary.
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S Chand and Co is set to raise Rp7.3bn ($112.8m) from its listing in India, with books scheduled to open on Wednesday.
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Bank of Gansu, a Chinese city commercial lender based in Lanzhou, has hired five banks to jointly sponsor its IPO in Hong Kong, sources said.
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