Monthly Archives: November 2012

Report on cross-border IPOs

28th November 2012

I participated, alongside 14 other professionals, in a study for an in-depth report from PwC and Baker & McKenzie (coordinated by consultancy Meridian West) on cross-border IPO trends.

Bankers spin into high gear

26th November 2012

The IPO of one of the mainland’s largest property insurers, The People’s Insurance Company (Group) of China, which currently undergoing bookbuilding as it seeks to raise up to US$3.6 billion, is setting a bit of a record with no less than 17 bookrunners – or senior underwriters assigned to gather orders from institutional investors.

CNBC and RTHK interviews – again!

23rd November 2012

I was interviewed today by Assistant Producer Ansuya Harjani for an article entitled “Is IPO Fever Returning To the Hong Kong Market?” – just published on CNBC.com.

Espinasse on PICC

22nd November 2012

I was interviewed on CNBC’s “The Call” this morning by anchors Bernie Lo and Emily Chan on what’s in store for investors with the IPO in Hong Kong of mainland Chinese insurer PICC Group.

PICC launches US$3.6 billion Hong Kong IPO

21st November 2012

PICC Group will finally kick off bookbuilding tomorrow, Thursday 22 November, for an IPO that could reach US$3.6 billion, and even top US$4 billion, assuming exercise in full of the over-allotment option. This would make it the largest IPO so far this year in Asia ex-Japan, ahead of the flotation of Felda Global Ventures in Malaysia.

Goodwill and counting

19th November 2012

Yes – it’s that time of the year again! No – not Christmas trees, carols, frenzied shopping sprees, boozy corporate parties and stuffed turkey dinners. For most investment bankers, the season of goodwill takes an altogether literal meaning.

Will PICC’s IPO take off like a rocket?

12th November 2012

People’s Insurance Company (Group) of China, otherwise known as PICC, is set to hit the market in Hong Kong this month in what could potentially make it the largest IPO in Asia (excluding Japan) this year.

Malaysia to introduce business trusts

9th November 2012

An interesting story was published on Bloomberg today about the forthcoming introduction of business trusts in Malaysia.

 

 

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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