Posts tagged as: US

Hong Kong doesn’t need weighted voting rights

29th June 2015

At long last, the operator of Hong Kong’s stock exchange has published conclusions to its concept paper on weighted voting rights (WVRs). Almost as soon as it did, Hong Kong’s other regulator expressed its opposition to the idea. But WVRs were always a worrying development. More urgent reforms are needed for the exchange to compare favourably with New York or London.

Hong Kong IPOs: between a rock an a hard place

8th October 2014

2014 so far as been a bit of a bumper year for IPOs in Hong Kong, despite the well-publicized loss of Alibaba’s landmark listing to the New York Stock Exchange. According to Dealogic, no fewer than 78 of these have taken place on HKEx year-to-date, for a combined amount of US$17.1 billion equivalent. That’s more than twice the volume of IPOs achieved in the first nine months of 2013, when 43 deals had successfully made it to closing.

Chinese investment banks on the rise

17th June 2014

I gave a video interview to Asia banking reporter Enda Curran from the Wall Street Journal.

Alibaba – the genie is out of the bottle

20th March 2014

I now write “Clawback” for GlobalCapital (formerly known as EuroWeek), a new column dissecting topics in Asia’s equity capital markets.

2013 global IPO review

3rd January 2014

According to database company Dealogic, global IPO volume in 2013 totaled US$173.3 billion via 934 deals, up 39% on 2012 (US$124.3 billion, 821 deals) and represented the highest volume since 2010 (US$281.4 billion).

Report on cross-border IPOs

28th November 2012

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.

Listless and bored

3rd September 2012

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.

IPO roadshow warriors a dying breed?

20th August 2012

“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.



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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