Monthly Archives: December 2012

More puff, less huff for flotations in 2013

31st December 2012

Like an endangered species clinging on to the last remnants of its natural habitat, the Hong Kong initial public offering was scantly seen in 2012. The euro-zone sovereign debt crisis rumbled through the markets for most of the year, putting paid to many issuers’ plans.

Season’s Greetings

22nd December 2012

After a rather busy 2012, here’s wishing the very best to all my readers for 2013.

CMEC launches its Hong Kong IPO

11th December 2012

China Machinery Engineering Corporation is in the market to raise up to US$500 million equivalent through an accelerated offering, targeted at Regulation S (and Hong Kong retail) investors only – probably one of the last IPOs in Hong Kong this year.

PICC deal shows Japan on the POWL

10th December 2012

Amid particularly tense Sino-Japanese relations, the US$3.1 billion IPO of mainland insurer PICC Group is all the more remarkable in that it included a rare tranche, solely targeted at Japanese investors.

Another (full) round of interviews

7th December 2012

I was, again, solicited by the financial media this morning, to comment on the IPO trading debut of PICC Group’s US$3.09 billion IPO.

Auction stations

6th December 2012

Season oblige, I was asked by the South China Morning Post to write a long piece on wine auctions, which many equity capital markets bankers follow as a pastime, and which was published in today’s Food & Wine supplement.

The price will be right

3rd December 2012

Pre-IPO research has once again been in the spotlight in two recent Hong Kong transactions. In both, the issuers were said to have been leaning on brokers to produce valuations that met their expectations.

 

 

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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