HONG KONG (Dow Jones Investment Banker) – Frustrated with what they increasingly perceive as a conflict of interest, a number of companies and their stakeholders are now engaging independent advisers to assess the work done by their investment banks.
HKEx has just released a set of interesting statistics for the last 12 months. As expected, these highlight a number of new records in the securities markets achieved in 2010, with total equity funds raised up 22.9% y-o-y to US$101.2 billion. IPO funds raised were up 23.4% compared with the previous record in 2006, and reached US$52.8 billion. read
Following the publication of consultation conclusions on electronic prospectuses on 26 November 2010, which were reported earlier on this blog, HKEx has further amended its listing rules on 15 December. This allows issuers to no longer submit printed copies of various documents to the Exchange. read
HONG KONG (Dow Jones Investment Banker) – Logically, there’s reason to offer around-the-clock trading on securities: Investors can trade from their home turf some of their large holdings. But Vale S.A.’s Hong Kong listing shows the value of such an option is questionable in practice.
HONG KONG (Dow Jones Investment Banker) – It only stands to reason. Asia’s insatiable appetite for investments in transportation, utilities, communication and social infrastructure assets should have created a wealth of opportunities for dedicated, listed funds. Few, however, have tried to tap this burgeoning market, and those that have taken the risk have shown poor returns.
Forget WikiLeaks. Today’s bombshell is an internal presentation by banking giant UBS that provides advice to some of its front-office employees in Switzerland on how to dress and groom themselves for success. read
Www.ipo-book.com wishes you the very best for Christmas and the New Year!
2011 will see the publication of the book in both English and Chinese, as well as in e-book format. Do continue to visit us regularly as the blog remains (very) active in the meantime…
