Monthly Archives: June 2011

Hong Kong releases framework for yuan IPOs

30th June 2011

HONG KONG (Dow Jones Investment Banker) – The Stock Exchange of Hong Kong (HKEx) released Wednesday a proposed framework for IPOs denominated in yuan there. The model, which effectively mirrors arrangements for the issue and trading of GDRs and ADRs, looks sound in theory.

Tibet 5100’s IPO holds water

28th June 2011

HONG KONG (Dow Jones Investment Banker) – Tibet 5100 Water Resources Holdings Ltd is attempting to raise up to US$206 million in an IPO in Hong Kong. Although formally incorporated in the Cayman Islands as a red chip, if successful, it would be the first company from Tibet to list on the exchange there. The deal is small, but the growth rates posted by the company are impressive, as is its handle on costs, even if it remains very dependent at this stage on its cooperation with a rail transport operator.

Two jumbo flotations in Hong Kong

27th June 2011

Against the background of a morose Hong Kong IPO market, two large deals are entering marketing this week in the form of a US$5.4 billion (estimated) proposed listing of China Everbright Bank, and a mooted US$1 billion float of Chinese hypermarket operator Sun Art Retail.

Beijing Jingneng tries to energize IPO investors

27th June 2011

HONG KONG (Dow Jones Investment Banker) – Amid particularly choppy primary equity markets, Beijing Jingneng Clean Energy Co., Ltd. is attempting to raise up to US$630 million in an IPO in Hong Kong; to succeed, the deal may need to be cut back.

China Outfitters’ IPO fits the bill

23rd June 2011

HONG KONG (Dow Jones Investment Banker) – The IPO of China Outfitters Holdings Ltd. that is currently in the market in Hong Kong is a welcome change from the over-priced, billion-dollar deals that have recently made headlines, and is exactly the sort of offering bankers and investors alike should be looking at.

Secondary listings

20th June 2011

Secondary listings are circling the Hong Kong stock exchange. But why? The exercise is of dubious value to issuer or investor.

Hong Kong retail investors give IPOs a miss

20th June 2011

HONG KONG (Dow Jones Investment Banker) – Despite all the hype and the almost weekly announcements of planned billion-dollar deals, retail investors in Hong Kong have largely shunned IPOs since the start of the year.

Bloomberg interview

16th June 2011

I was interviewed live on 16 June on Bloomberg Television by London-based anchor Linzie Janis, on the trading debut for Samsonite, following its IPO in Hong Kong. I was separately interviewed for an article on the same subject, written by Bloomberg reporter Fox Hu, which also touched on prospects for the pricing of Prada’s IPO, also in Hong Kong.

 

 

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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