Posts tagged as: Sponsors

Sometimes it’s hard to be a sponsor

4th November 2016

The recent news that UBS was being investigated by Hong Kong’s SFC in connection with its work as IPO sponsor in the city has taken the local financial community by storm, not least because of the very real possibility that the firm may loose its corporate finance licence – at least for a period of time.

HK IPO sponsors could escape the prospectus noose

1st October 2015

As Hong Kong IPOs start to make a timid comeback after a long summer lull, I unearthed an interesting working paper entitled “IPO sponsors and prospectus liability: the bridge too far?”, published in August by the Asian Institute of International Financial Law (AIIFL) of the University of Hong Kong.

When a domestic rally meets an offshore discount…

1st April 2015

Just as China’s domestic markets have finally started to open up through the Shanghai-Hong Kong Stock Connect scheme, heavily discounted H-share IPOs threaten to put a damper on the attractiveness of A-shares to international investors.

Has the Singapore IPO market lost its mojo?

2nd June 2014

A quick glance at the SGX’s website shows that only six new listings closed on the Main Board since the start of the year.

In the emergency room

10th May 2014

The recent overhaul of Hong Kong’s IPO regime has arguably resulted in better quality issuers coming to market.

WH Group’s IPO: Drowning by numbers

4th April 2014

Another week, another Hong Kong IPO with a silly number of bookrunners on the tombstone.

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.

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.

 

 

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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