Posts tagged as: Secondary offerings

Sunway achieves tightest price for M-REIT follow-on

14th February 2013

On 5 February, Sunway REIT (SREIT MK) priced a US$103 million equivalent primary placement, representing 8% of the REIT.  

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.

Not what the doctor prescribed – but close enough

22nd October 2012

Last week, I wrote about the delay in the launch of Shanghai Fosun Pharmaceutical’s long awaited equity offering in Hong Kong. As was expected at the time, bookbuilding finally started on October 16 for what is an accelerated timetable (on account of the upcoming bank holiday) that will now see pricing on October 24, and listing and start of trading on October 30.

Espinasse on Malaysian, Hong Kong IPOs

5th July 2012

I was interviewed this morning by anchor Bryan Curtis on Hong Kong’s RTHK 3 radio “Money For Nothing” business programme, on Malaysian and Hong Kong IPOs.

The Graff Diamonds IPO’s seven sins

11th June 2012

Graff Diamonds, a high-end jeweller, was supposed to have turned around Hong Kong’s moribund IPO market. It was not to be. Instead the company pulled its US$1 billion-equivalent listing on 30 May, piling more disappointment on an already massively downbeat market plagued by serial deal cancellations. What went wrong?

Strengthening Big C’s institutional book?

10th April 2012

HONG KONG (Dow Jones Banking Intelligence) – Thailand’s Big C Supercenter PCL is planning to raise capital through the issue of new shares in a fairly modest private placement. Following the recent successful IPO of Tesco Lotus Retail Growth Freehold & Leasehold Property Fund, controlled by Tesco plc’s Thai unit, it should instead increase its free float through a larger, fully marketed offering, including a combination of new and old shares.

Citi draws (some) curtains in India with HDFC sale

5th March 2012

HONG KONG (Dow Jones Banking Intelligence) – Citigroup Inc.’s sale of its remaining stake in Housing Development Finance Corp (HDFC) comes as no surprise amid rising markets combined with a pressing need to find extra capital. Other Western firms have already been there in China over the last couple of years. Meanwhile Asian houses are seizing the opportunity to grow, on the back of their Western peers’ renewed asset dumps.

Xiwang Special Steel – not quite so special?

13th February 2012

Despite its name, Xiwang Special Steel  doesn’t really look like too special a deal. The initial public offering,  launched to professional investors last Monday, is reportedly being sold in part to friends of the issuer, with fund managers said to be showing polite but muted interest.

 

 

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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