Posts tagged as: Primary offerings

The end (of rights issues) is near

28th September 2017

The reason why HKEX now proposes to introduce changes to the way some primary equity offerings are conducted is, it says, “to address recent concerns about certain share issuance transactions that might not afford a fair treatment of shareholders, or an orderly market for securities trading”.

The East is Red

6th September 2017

Over the summer, the Stock Exchange of Hong Kong (HKEX) released a fascinating, but little noticed, survey detailing cash trading on its two listing platforms, the Main Board and GEM. The survey also included southbound trading undertaken through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect schemes, launched in 2014 and December 2016, respectively. 

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.

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.

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.

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.

Espinasse on CNBC’s “The Call”

30th October 2012

I was interviewed this morning by anchors Bernie Lo and Emily Chan on CNBC’s programme “The Call” on the IPO trading debut for Shanghai Fosun Pharmaceutical in Hong Kong.

 

 

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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