Monthly Archives: February 2012

FT.com interview

27th February 2012

I am being interviewed by Robert Cookson on the Hong Kong IPO market today on FT.com, the website of the Financial Times.

Take luxury, add China

27th February 2012

Graff Diamonds – which styles itself as maker and retailer of the “most fabulous jewels in the world” – has just filed its application to listing with the Stock Exchange of Hong Kong. This means that the offer process for its long-awaited IPO should normally start in about 10 to 12 weeks – which should put it on track for a late spring – early summer listing.

Sunshine Oilsands’ IPO breaks new ground

24th February 2012

HONG KONG (Dow Jones Banking Intelligence) – Selling shares in renowned branded product companies to Asian investors is one thing. But the IPO of Canadian energy firm Sunshine Oilsands Ltd on the Stock Exchange of Hong Kong will break new ground. Sunshine Oilsand’s assets are primarily in North America – 465,000 hectares of oil sands leases in the Athabasca region, in northern Alberta, Canada – with reserves and resources (as of July 1, 2011) totaling 45.4 billion barrels of best estimates petroleum initially in place.

Reuters article

22nd February 2012

Equity capital markets reporter Elzio Barreto published yesterday on Reuters an article on the increasing use by ECM bankers in Hong Kong (and elsewhere in Asia) of shadow books and anchor investors, to successfully bring IPOs to market in this improving – but nevertheless still challenging – environment.

Xiwang Special Steel – not quite so special?

13th February 2012

Despite its name, Xiwang Special Steel  doesn’t really look like too special a deal. The initial public offering,  launched to professional investors last Monday, is reportedly being sold in part to friends of the issuer, with fund managers said to be showing polite but muted interest.

Samsung Securities – Hong Kong swan song

8th February 2012

HONG KONG (Dow Jones Banking Intelligence) – Korean brokerage Samsung Securities Co. has now effectively largely shut down its international operations in Hong Kong – at the behest of its parent - following a major expansion just two years ago. At the same time, Japan’s Daiwa Securities Group Inc. and Mizuho Financial Group Inc. announced deep cuts in their overseas operations, totalling 200 and 300 redundancies respectively. We look at the reasons why – and at what’s in store for Asia’s smaller capital markets players.

Sunshine Oilsands battles Hong Kong’s quicksands

6th February 2012

A proposed US$500 to US$700 million initial public offering by Sunshine Oilsands is bearing down on Hong Kong investors, which would make it the largest IPO globally so far in 2012. The roadshow is set to start today (February 6) and pricing is slated for February 14. The company is based in Calgary, Canada. Just what is it doing tapping Hong Kong investors for funds?

L’Agefi WikiFinance blog

5th February 2012

Read my columns on IPOs in the leading French financial daily L’Agefi.

 

 

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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