Posts tagged as: US

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.

The enduring mystery of IPO pricing

23rd July 2012

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.

Unliking the IPO price range hunger games

16th June 2012

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.

Radio interviews on Asian IPOs

1st June 2012

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 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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