Amid renewed IPO activity in Hong Kong, carrier Hong Kong Airlines is believed to be working on a yuan-denominated new listing of up to US$500 million equivalent. If confirmed, this would make it only the third issuer there to list shares in Chinese currency. read
Amid more deals coming to market in recent weeks, there has been much talk about a potential re-launch in Hong Kong of WH Group’s IPO, a deal that was famously pulled last April after a mammoth syndicate of 29 bookrunners failed to secure interest from investors. read
I gave a video interview to Asia banking reporter Enda Curran from the Wall Street Journal. read
A quick glance at the SGX’s website shows that only six new listings closed on the Main Board since the start of the year. read
The recent overhaul of Hong Kong’s IPO regime has arguably resulted in better quality issuers coming to market. read
A new regime for sponsors of initial public offerings and the vetting of new listing applications in Hong Kong entered its second phase on April 1. read
Another week, another Hong Kong IPO with a silly number of bookrunners on the tombstone. read
According to Dealogic, global IPO volume stood at US$48.0 billion (246 deals) in the first quarter of 2014, up 92% from US$24.9 billion (165 deals) in the same period in 2013, and the highest first quarter volume since 2010 ($53.7 billion). read
I now write “Clawback” for GlobalCapital (formerly known as EuroWeek), a new column dissecting topics in Asia’s equity capital markets. read
Fast Retailing, the Japanese owner of fashion brands Uniqlo, Theory, Comptoir des Cotonniers and Princesse tam.tam, listed depository receipts in Hong Kong on March 5. read
