Monthly Archives: February 2011

HKEx releases its 2009/2010 trading survey

25th February 2011

Hong Kong Exchanges and Clearing Limited’s (HKEx) Cash Market Transaction Survey 2009/2010 (covering HKEx’s securities market turnover from October 2009 to September 2010) found that the contribution to the total trading value of HKEx’s securities market from local and overseas investors continues to be well balanced.

Chinese company to list in Brazil

24th February 2011

As more Brazilian companies are said to be considering a listing Hong Kong to follow in Vale’s footsteps, and as reported by The Wall Street Journal on 23 February, Hunan-based Sany Heavy Equipment International Holdings Co. Ltd. (“Sany International”) has announced plans to issue DRs in Brazil.

The SGX expands its ADR offering

23rd February 2011

Singapore Exchange (the SGX) is enhancing its suite of American Depositary Receipts (ADRs) by adding new companies from other Asian countries, and partnering with a second depositary bank.

HPH Trust IPO will boost SGX’s standing

23rd February 2011

HONG KONG (Dow Jones Investment Banker) – As the largest announced IPO so far this year, the offering of HPH Trust, the container port assets of Hutchison Whampoa, will significantly boost Singapore Exchange Ltd.’s credentials in the ECM arena as it finalizes its tie-up with the Australian Securities Exchange (ASX Ltd.).

Listing in an increasingly polarized world

18th February 2011

HONG KONG (Dow Jones Investment Banker) – It’s been an eventful week in the otherwise cozy world of stock exchanges. But to what extent will the latest round of M&A benefit ECM bankers who underwrite stock offerings for their clients?

Introduction to “IPO: A Global Guide” now on-line

16th February 2011

Please click on this link or on the right-hand side “Introduction” tab under “THE BOOK” above to read the introduction to “IPO: A Global Guide.”

Links to on-line merchants’ websites to pre-order the book will also be posted on IPO-book.com shortly.

Hong Kong to boost governance regime

16th February 2011

HONG KONG (Dow Jones Investment Banker) – As the Stock Exchange of Hong Kong continues to attract a wide array of Chinese issuers as well as, increasingly, international companies looking to tap Asian investors, proposed changes to boardroom rules are very welcome and long overdue.

David Webb joins debate on multiple listings liquidity

15th February 2011

In a post on his website, Webb-site on 15 February, Hong Kong-based governance activist David Webb has joined the debate on the lack of liquidity arising from multiple listings, a topic that was the subject of an article I published on both Dow Jones Investment Banker and on the website of The Wall Street Journal late last year. My article was also posted on IPO-book.com on 18 December.

 

 

I have set up this blog to report notable events on international IPOs.

These include particularly remarkable transactions, changes in market practice (whether pertaining to documentation, valuation or marketing techniques) and regulations, as well as appointments in the sphere of equity capital markets (ECM).

Although the blog has a bias towards the Asia-Pacific region, since this is where I am based, it is intended to be global in both its scope and outlook.

Please use the contact form above to report an IPO story or an ECM development.

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