Monthly Archives: August 2012

‘Add £10,000 for good luck’

27th August 2012

One of the perks of working in an investment bank is – or rather was – a fairly casual approach to expenses. Virtually everything is billable back to the employer, who directly or indirectly passes the expenses onto clients.

Steering Hong Kong through choppy IPO waters

27th August 2012

HONG KONG (Dow Jones Banking Intelligence) – Hong Kong Exchanges and Clearing Ltd. (HKEx) has faced much distraction this year. It now needs now to focus on the issues which can help it regain its status as an IPO destination.

Chinese edition for ‘IPO: A Global Guide’

23rd August 2012

The simplified Chinese character edition of “IPO: A Global Guide” for the mainland market will go to print this coming week end – and should be available for sale towards the end of the week starting 27 August 2012.

IPO roadshow warriors a dying breed?

20th August 2012

“So where are we going to travel to on the roadshow?” – that’s usually one of the first questions a prospective IPO issuer will ask bankers pitching to lead its flotation.

Fifty shades of greed

13th August 2012

Once an IPO finishes and the power brokers have pocketed their fees, the marketing spree begins. Assuming the offering was reasonably successful, the banks will roll out detailed case studies to prospective issuers. These documents hash out key aspects of the deal and, most importantly, how well they were able to package and sell it to investors.

SGX investors put their trust in Far East’s yield play

13th August 2012

HONG KONG (Dow Jones Banking Intelligence) – Order taking began last week for the IPO of Far East Hospitality Trust (“Far East HT”) in Singapore. Pricing is currently scheduled for August 16, with listing on August 27. The offering is large and visible and was already substantially covered at the time of launch by cornerstone investors. This could provide a well-needed boost to Singapore’s primary market, which has so far this year seen a number of deals pulled, cancelled or otherwise postponed.

A Plus interview

7th August 2012

I was interviewed on Hong Kong IPOs in the August edition of A Plus with George W. Russell, Editor of this magazine of the Hong Kong Institute of Certified Public Accountants.

Cornerstones are difficult to corner

6th August 2012

In this day and age, and amid continued volatile markets, for an IPO to succeed it’s pretty much a pre-requisite to secure cornerstone investors. Not only does their involvement considerably de-risks a transaction by parking away a big chunk of the shares on offer at an early stage; it also provides a high degree of confidence to other institutions – and to retail investors – to encourage them to subscribe to a deal that’s already been taken up by big, visible names.

 

 

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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