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Shipping company issues new shares as it raises stake in peer to roughly a fifth
Investors want more mid-cap deals and wider variety of sectors
Cornerstone investors commit roughly €170m as company aims to raise €300m
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M800, which had been looking to close an up to $150m IPO in Hong Kong before the end of the year, has postponed the deal to avoid going up against BAIC Motor and Dalian Wanda.
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India’s Sadbhav Engineering will spin off its 77.42%-owned unit in an IPO that is expected to fetch at least Rp6bn ($96.93m).
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Cheil Industries has become the biggest listing from South Korea since 2010 after pricing its W1.52tr ($1.4bn) IPO at the top of the price range on Friday evening. Massive oversubscription in the books now mean that allocations will be a challenge with investors unlikely to get their hands on as much stock as they’d like.
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Strong interest from long only funds and local investors helped South Korea’s Ministry of Strategy & Finance price a block in Industrial Bank of Korea (IBK) at the top of guidance to raise W310.31bn ($279m).
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The Indian government has finally kicked off its divestment programme for the fiscal year, opening books for the sale of shares in Steel Authority of India Ltd (Sail) on Friday morning as it looks to add millions of dollars to its coffers.
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Yangtze Optical Fibre and Cable (YOFC) has raised HK$1.18bn ($152m) by pricing its Hong Kong IPO at the bottom of guidance, with demand coming in from investors across all regions as the strong credentials of the owners of the company wooed bidders.
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