Posts tagged as: The Philippines

North-by-northwest

2nd December 2015

Around this time last year, I reviewed the dismal performance of the Hong Kong primary markets, and ventured a guess that investors could instead turn en masse to ECM transactions in Malaysia, Singapore, Thailand, Indonesia – and even the Philippines. How wrong I was!

The reason for the season: ECM Christmas musings

3rd December 2014

Forget about reindeer with shiny noses, fir trees and shopping mall carols. For those in the finance industry, the end of the year takes an altogether different meaning.

Cornering elusive cornerstones

30th September 2014

In Asia, cornerstone investors are regarded as a vital ingredient for successful major listings. And Hong Kong – where such investors are subject to lock-up restrictions – has also increasingly seen the advent of anchor investors. 

Hong Kong’s IPO misery continues

1st October 2012

Hong Kong’s IPO drought continues. According to data from Thomson Reuters, the year to date has seen a respectable 42 new listings on the local bourse. But these offers combined raised only US$5.5 billion.

Pavilion REIT to add to M-REIT offering

18th October 2011

HONG KONG (Dow Jones Investment Banker) – Pavilion REIT, a real estate investment trust which will invest in one of Kuala Lumpur’s major shopping malls, is reportedly about to launch an IPO and thus become the latest addition to Malaysia’s REIT (M-REIT) success story.

San Miguel powers SMC Global float

1st September 2011

HONG KONG (Dow Jones Investment Banker) – The board of San Miguel Corp., the Filipino beer-to-infrastructure conglomerate, approved the reorganization of its power business and an increase in its share capital on August 12. After exploring several options, including a possible backdoor listing, San Miguel has settled for an IPO in Manila of up to US$500 million for its 75% subsidiary SMC Global Power Holdings. Macro factors, as well as current expansion plans for the business, look attractive, but San Miguel shareholders are unlikely to gain much through the value arbitrage.

 

 

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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