HONG KONG (Dow Jones Investment Banker) – Singapore Exchange Ltd (SGX), dwarfed by a number of its Asian rivals, is sparing no efforts to compete on a regional stage. But its introduction of remote trading is likely to have only a marginal impact.
[This article was originally published on Dow Jones Investment Banker on 23 December 2010 and is reproduced with permission]
HONG KONG (Dow Jones Investment Banker) – Hong Kong’s Real Estate Investment Trust market plays second fiddle to Singapore’s but that could change – if it’s managed properly – with a proposed IPO in the first half of 2011 by Cheung Kong Holdings Ltd. read
HONG KONG (Dow Jones Investment Banker) – Asian equity issues have recently seen explosive growth but, in some countries, few foreign investors can buy shares in a domestic listing. The successful sale of a Taiwanese IPO to foreign investors last week is another step in the right direction.
HONG KONG (Dow Jones Investment Banker) – Cornerstone investments have remained a common component of IPOs in Hong Kong in 2010 and that is helping fuel an argument around just how fair they are.
For investment banks, the involvement of cornerstone investors provides leadership and momentum, sending a strong signal to the market that the deal constitutes a worthwhile investment. The reality is also that, in a volatile trading environment, they make possible the launch of more challenging transactions. read
HKEx has just issued a consultation paper on corporate governance. The principal aim of the amendments is to encourage better accountability of issuers and directors, and also to bring practice in Hong Kong in line with that available in other international markets. read
Hong Kong University Press has now published its Spring-Summer 2011 catalogue, which is also posted on its website. ‘IPO: A Global Guide’ features as the first book under the publisher’s titles highlighted for the coming season – and the book’s cover has also been chosen to illustrate the new catalogue. read
HONG KONG (Dow Jones Investment Banker) – The greenshoe may find itself in the spotlight as institutional shareholders and governments agitate over fairness and fees. This would be an unwelcome development for investment banks.
HONG KONG (Dow Jones Investment Banker) – In 2005, Bank of China Ltd unit Bank of China International did not lead any IPOs in Hong Kong. Five years on and it has become a major player. Philippe Espinasse speaks with Marshall Nicholson, Global Head of Equity Capital Markets and Vice-Chairman of the Investment Banking division.
