Report on cross-border IPOs
28th November 2012I participated, alongside 14 other professionals, in a study for an in-depth report from PwC and Baker & McKenzie (coordinated by consultancy Meridian West) on cross-border IPO trends.
I participated, alongside 14 other professionals, in a study for an in-depth report from PwC and Baker & McKenzie (coordinated by consultancy Meridian West) on cross-border IPO trends.
Around this time last year I wrote a preview of the IPOs expected to arrive on the Hong Kong market. It’s telling that most of those same deals are still in the pipeline, twisting in some interminable pre-launch marketing limbo.
“So where are we going to travel to on the roadshow?” – that’s usually one of the first questions a prospective IPO issuer will ask bankers pitching to lead its flotation.
In 2004, Google came to market with an IPO. The company took an unconventional approach to pricing. It put its offer to all investors through an open, Dutch auction. All investors, whether individuals or institutions, were asked to submit orders. The deal was then priced at exactly the level required to sell all shares at the highest possible valuation.

HONG KONG (Dow Jones Banking Intelligence) – The Facebook IPO and its confusing messages have, once again, highlighted differences in IPO market practices between the U.S. and the rest of the world. ECM bankers in New York and the Silicon Valley could in fact take some lessons from Asian ways to send clear guidance to investors – and avoid causing IPO bubbles.
I was interviewed this morning by anchor Bryan Curtis on Hong Kong’s RTHK 3 radio “Money For Nothing” programme. The topic was IPOs, with a focus on the Facebook flotation on NASDAQ, the aborted Graff Diamonds IPO in Hong Kong – and market conditions generally.

I participated in a panel discussion on Hong Kong’s RTHK 3 radio “Backchat” programme today, on the subject of Facebook’s IPO.
I was interviewed by anchor Bernie Lo last weekend, on CNBC’s “Straight Talk” programme, on the subject of Facebook’s proposed IPO on NASDAQ.