Monthly Archives: May 2011

Bloomberg TV interview

31st May 2011

I appeared on Bloomberg Television today in a live interview with anchor Rishaad Salamat in the “On The Move Asia” show.

Kazakhmys digs for Hong Kong investors

31st May 2011

HONG KONG (Dow Jones Investment Banker) – Kazakhmys PLC, an LSE-listed natural resources group with its main assets in Kazakhstan, has filed to list in Hong Kong by the end of June. This is aimed at raising its profile in the region, which accounts for almost half of its revenue. With no new money to be raised and no shares to be sold, the deal itself will do little for investors but there may be action for bankers, including M&A and financing deals, down the line.

Reuters Television interview

25th May 2011

The following interview was aired today at 10:00am Hong Kong time on Reuters Television, as part of a news package on the proposed Shanghai International Board.

China’s IPO sponsors in the spotlight

18th May 2011

HONG KONG (Dow Jones Investment Banker) – Naming and shaming hasn’t worked to prevent fraud by Chinese companies going public. After a string of cases on Mainland exchanges and internationally, where companies also reported sharply lower earnings within weeks of their IPOs, the China Securities Regulatory Commission (CSRC) is putting a new onus on lead underwriters to weed out less scrupulous sponsors and restore confidence in the markets. It’s a welcome move, albeit a little late.

MGM China’s IPO gamble

17th May 2011

HONG KONG (Dow Jones Investment Banker) – MGM China Holdings Ltd. is looking to raise US$1 billion to US$1.5 billion in a Hong Kong IPO, set to price May 27. Gains in market share, as well as a buoyant market for gaming stocks, should support the flotation, provided it’s priced sensibly. That said, the deal has seen its fair share of controversy, and MGM China has to battle larger and more established players in the former Portuguese colony.

IPO-book.com tops 20,000 page views

13th May 2011

It took five months for this website to attain 10,000 page views, but only 45 days for that number to double. IPO-book.com has now been accessed by readers from 73 countries and 425 cities around the world. More than 40% of you are repeat visitors too.

Coach’s listing in Hong Kong a PR stunt?

13th May 2011

US handbags and accessories house Coach Inc. is the latest in a long list of fashion and consumer groups to seek a listing in Hong Kong. As structured, however, the proposed transaction is likely to do little beyond generating press coverage for the brand, but perhaps that’s what it’s aimed at?

Milan Station IPO not yet in the bag

11th May 2011

HONG KONG (Dow Jones Investment Banker) – Luxury second-hand handbag retailer Milan Station Holdings Ltd. is eyeing an IPO of up to US$35 million, for about 25% of the company in Hong Kong, according to a filing with the Stock Exchange of Hong Kong May 3. The transaction raises questions about the company’s supply arrangements, and the sustainability of its business model.

 

 

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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