Tag: Independent advisers

Asia’s IPO market remains resilient

HONG KONG (Dow Jones Investment Banker) – In contrast to the lackluster European IPO market, new listings in Asia have continued unabated in the first half of this year. And while some 40 deals have been pulled on account of market volatility, year-to-date volumes are close to those in 2010. Asia has remained largely immune to the macro events affecting the EMEA region. Healthy growth rates have continued to fuel consumption and infrastructure stories, and local exchanges have benefited from innovation and aggressive marketing.


, , , , , China, Europe, Hong Kong... +3 more

On allocations and the perils of ECM club deals

HONG KONG (Dow Jones Investment Banker) – Allocating distinct retail tranches within equity capital markets deals is a purely mechanical exercise that involves balloting by a share registrar and transfer agent. By contrast, assigning shares to institutional investors is more of an art than a science, and involves making subjective judgment calls. The recent US$2.5 billion equivalent placement by Ping An Insurance (Group) Company of China Ltd. shows how a seemingly simple transaction can leave a sour taste with investors, as well as the importance of structuring and allocating offerings in an even-handed manner.


, , , Allocations, China, Hong Kong... +1 more

Divining the structure of Samsonite’s IPO

HONG KONG (Dow Jones Investment Banker) – Little information has been disclosed about the long-awaited, proposed IPO in Asia of Samsonite. But the composition of the bookrunning syndicate and the earlier appointment of independent advisers offer insights into the structure of the offer, including the likelihood that the listing will be in Hong Kong.


, , Financial sponsors, Hong Kong, Independent advisers