HONG KONG (Dow Jones Investment Banker) – When the board of a good-sized Chinese company is choosing a venue for an international IPO, the short list usually has three names on it: the Stock Exchange of Hong Kong, NASDAQ and NYSE Euronext in the US.
HONG KONG (Dow Jones Investment Banker) – Public offerings without listing (POWLs) have for a decade been used to channel Japanese retail financial assets – about half of which are held in the form of cash in bank or post office deposits – towards international primary equity offerings. But do POWLs as they stand really add value to new issues? read
As we initially suggested on this blog and published on Dow Jones Investment Banker, as well as in The Source on WSJ.com and in The Asia Wall Street Journal, Prada confirmed on 7 March on Bloomberg its decision to conduct its proposed IPO with a sole listing in Hong Kong, at the expense of Borsa Italiana, the Milan Stock Exchange. read
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.
As previously reported on this blog, Hutchison Ports Holdings Trust (HPH Trust) kicked-off yesterday the institutional bookbuilding process for its multi billion-dollar business trust IPO in Singapore. The preliminary prospectus posted on the Monetary Authority of Singapore’s OPERA website includes interesting features, which are highlighted below. read
Hong Kong Exchanges and Clearing Limited’s (HKEx) Cash Market Transaction Survey 2009/2010 (covering HKEx’s securities market turnover from October 2009 to September 2010) found that the contribution to the total trading value of HKEx’s securities market from local and overseas investors continues to be well balanced. read
As more Brazilian companies are said to be considering a listing Hong Kong to follow in Vale’s footsteps, and as reported by The Wall Street Journal on 23 February, Hunan-based Sany Heavy Equipment International Holdings Co. Ltd. (“Sany International”) has announced plans to issue DRs in Brazil. read
Singapore Exchange (the SGX) is enhancing its suite of American Depositary Receipts (ADRs) by adding new companies from other Asian countries, and partnering with a second depositary bank. read
HONG KONG (Dow Jones Investment Banker) – As the largest announced IPO so far this year, the offering of HPH Trust, the container port assets of Hutchison Whampoa, will significantly boost Singapore Exchange Ltd.’s credentials in the ECM arena as it finalizes its tie-up with the Australian Securities Exchange (ASX Ltd.).
HONG KONG (Dow Jones Investment Banker) – It’s been an eventful week in the otherwise cozy world of stock exchanges. But to what extent will the latest round of M&A benefit ECM bankers who underwrite stock offerings for their clients?
