Year: 2012

PICC launches US$3.6 billion Hong Kong IPO

PICC Group will finally kick off bookbuilding tomorrow, Thursday 22 November, for an IPO that could reach US$3.6 billion, and even top US$4 billion, assuming exercise in full of the over-allotment option. This would make it the largest IPO so far this year in Asia ex-Japan, ahead of the flotation of Felda Global Ventures in Malaysia. read

, , , , , China, Hong Kong, Over-allotment options... +3 more

Goodwill and counting

Yes – it’s that time of the year again! No – not Christmas trees, carols, frenzied shopping sprees, boozy corporate parties and stuffed turkey dinners. For most investment bankers, the season of goodwill takes an altogether literal meaning. read

, Bonuses, Compensation

Not what the doctor prescribed – but close enough

Last week, I wrote about the delay in the launch of Shanghai Fosun Pharmaceutical’s long awaited equity offering in Hong Kong. As was expected at the time, bookbuilding finally started on October 16 for what is an accelerated timetable (on account of the upcoming bank holiday) that will now see pricing on October 24, and listing and start of trading on October 30. read

, , , , , , China, Cornerstones, Dual listings... +4 more