Hong Kong Exchanges and Clearing Limited (HKEx) released earlier this week the findings from its Cash Market Transaction Survey for 2011/12, revealing the diversity among investors in its securities market. read
On 17 January 2013, I moderated a 90 minutes panel discussion on the Hong Kong listing mechanism at HKEx’s 2nd whole-day conference on “Raising capital in Hong Kong”. read
The “Hong Kong IPO Guide 2013” is just out, published by LexisNexis. This is the second edition of the guide, of which I was already a co-author in 2012. read
I will be moderating a panel discussion on the Hong Kong listing mechanism at HKEx’s 2nd whole-day conference on “Raising capital in Hong Kong”, on Thursday 17 January 2013. read
Like an endangered species clinging on to the last remnants of its natural habitat, the Hong Kong initial public offering was scantly seen in 2012. The euro-zone sovereign debt crisis rumbled through the markets for most of the year, putting paid to many issuers’ plans.
China Machinery Engineering Corporation is in the market to raise up to US$500 million equivalent through an accelerated offering, targeted at Regulation S (and Hong Kong retail) investors only – probably one of the last IPOs in Hong Kong this year. read
Amid particularly tense Sino-Japanese relations, the US$3.1 billion IPO of mainland insurer PICC Group is all the more remarkable in that it included a rare tranche, solely targeted at Japanese investors. read
I was, again, solicited by the financial media this morning, to comment on the IPO trading debut of PICC Group’s US$3.09 billion IPO. read
Pre-IPO research has once again been in the spotlight in two recent Hong Kong transactions. In both, the issuers were said to have been leaning on brokers to produce valuations that met their expectations. read
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. read
