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Investors want more mid-cap deals and wider variety of sectors
Cornerstone investors commit roughly €170m as company aims to raise €300m
African mobile payment provider prepares to list, seeking large valuation
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After a patchy start to the year for London listings, books for the IPOs of Aldermore and Auto Trader suggest renewed interest for UK names.
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Malaysia’s Qualitas Healthcare Corp kicked off pre-deal investor education for its $150m IPO on Wednesday, hoping to ride on the valuations of healthcare stocks in the country.
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Pengai Hospital Management Corp is targeting a Hong Kong IPO of $100m-$200m by the first half of this year, with the company refiling and updating its preliminary prospectus with the city’s stock market regulator.
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Chinese brokerage GF Securities will have a hearing with the Hong Kong listing committee on Thursday March 12 for its planned IPO of $1.5bn-$2bn, with pre-marketing expected to kick off next week.
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Inox Wind is set to launch its Rp10.40bn ($168.39m) IPO on March 18, in what looks to be India’s largest listing in nearly two years. The deal is already generating lots of buzz given its credentials as a unit of the Inox Group and for being a rare issuer in the renewable energy sector.
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Xinyi Solar raised HK$1.15bn ($148m) from a top-up subscription of shares on the night of Tuesday, March 10, with weak markets at the time of execution causing investors to be highly price sensitive. But thanks to the momentum provided by the company’s positive results one week ago and a hefty discount, the trade pulled through.
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