Monthly Archives: December 2013

New book on IPOs coming in 2014

6th December 2013

After jointly authoring with Syren Johnstone the study manual for the IPO sponsor examinations in Hong Kong earlier this year (published by the Hong Kong Securities and Investment Institute in September – and in October for the Chinese version), I have just signed a publishing contract with a major academic, scholarship and business publisher based in the UK (but with offices world-wide) for my new book, which should be out in the summer of 2014.

Espinasse on RTHK 3, Bloomberg

30th October 2013

I was back in RTHK 3′s Admiralty studio this morning for a live radio interview in the “Money for Nothing” programme, hosted by anchor Bryan Curtis.

Letter to South China Morning Post

9th October 2013

“More relevant template from Malaysia”

I am the author of IPO: A Global Guide and refer to Enoch Yiu’s White Collar column (“Fresh reminder of need to end muddle over HKEx roles”, October 1). She said “London and Singapore have long ago brought in independent regulators to be involved in the listing approval process for companies undergoing IPOs”.

Third quarter IPO statistics

4th October 2013

Global IPO volume stood at US$99.1 billion (587 deals) in the first nine months of 2013, up 12% on the same 2012 period (US$88.2 billion) and the highest first nine months since 2011 (US$142.7 billion). [Statistics and some of the commentaries from Dealogic]

Huishan Dairy lists in Hong Kong

27th September 2013

I was interviewed by BBC News again, this time about the IPO of China Huishan Dairy Holdings, which at US$1.3 billion (pre Greenshoe) currently stands as the second largest IPO in Hong Kong in 2013, after that of Sinopec Engineering. The deal was also the largest consumer sector IPO in Asia since the flotation of Chow Tai Fook Jewellery (also in Hong Kong) in December 2011.

Price range meeting turns ugly

19th September 2013

Michael Flaherty and Elzio Barreto published on Reuters today an account of what apparently really went on behind the scenes at a meeting of the underwriters for the US$1.3 billion IPO of Huishan Dairy, Hong Kong’s second largest flotation so far this year.

New licensing for Hong Kong IPO sponsors

12th September 2013

A sponsor firm and its management are responsible for ensuring that staff undertaking sponsor work as Principals and Representatives are licensed and meet the sponsor guidelines. Under the new IPO sponsor regime coming into force on 1 October 2013, there are now three distinct routes through which staff working as Principals on IPO transactions where their firm has been appointed in the role of sponsor can be licensed.

HK exchange unveils features of IPO sponsor regime

1st August 2013

The Stock Exchange of Hong Kong (SEHK) recently unveiled additional details of its new IPO sponsor regime, following the publication of consultation conclusions by the SFC on 12 December 2012.

 

 

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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