Posts tagged as: Business trusts

All quiet on the Eastern front

3rd March 2015

There seems to be no end in sight for the Asian ECM bout of depression. Above all, it’s been a pretty miserable year so far for IPOs, in sharp contrast to new listings activity in other parts of the world.

Asian IPOs go binary

11th January 2015

2014 has come and gone, with a fairly honourable tally for Asia’s busy ECM desks. According to Dealogic, last year’s ECM volume on Asia ex-Japan exchanges, and excluding China’s A-share markets, was just under US$135 billion, more than in each of 2013 and 2012.

Espinasse on HK Electric Investments

29th January 2014

I was back in CNBC’s Hong Kong studio this morning to comment on “The Call” hosted by Bernie Lo, on Hong Kong Electric Investments’ IPO trading debut on HKEx.

Espinasse on CNBC’s “Cash Flow”

4th July 2013

I was back in CNBC’s Hong Kong studio this morning for live interviews with anchors Emily Chan and Oriel Morrison to comment on local IPOs.

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.

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.

Making the deals fly

20th January 2012

A guest column I wrote for the China Economic Review.

2011 was a year marred by extreme volatility in markets, an earthquake and tsunami that disrupted global supply chains, renewed inflationary worries in Asia and, above all, the near collapse of the euro zone.

The year in IPOs foretold

2nd January 2012

A Happy New Year to all! Set out below is a piece I wrote in today’s South China Morning Post in Hong Kong, looking at the year that was and at prospects for IPOs in the city.

Last year was difficult for Hong Kong initial public offerings. True, about US$32 billion was raised from 69 flotations as of December 15, according to the Hong Kong Exchange (thereby enabling the city to retain its global crown for IPO fund-raising, ahead of Shenzhen and New York), but last year was also notable for the below-par performance of most new issues – with many down by 20 per cent or more from their offer prices.

 

 

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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