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Year: 2011

Tibet 5100’s IPO holds water

HONG KONG (Dow Jones Investment Banker) – Tibet 5100 Water Resources Holdings Ltd is attempting to raise up to US$206 million in an IPO in Hong Kong. Although formally incorporated in the Cayman Islands as a red chip, if successful, it would be the first company from Tibet to list on the exchange there. The deal is small, but the growth rates posted by the company are impressive, as is its handle on costs, even if it remains very dependent at this stage on its cooperation with a rail transport operator.

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Bloomberg interview

I was interviewed live on 16 June on Bloomberg Television by London-based anchor Linzie Janis, on the trading debut for Samsonite, following its IPO in Hong Kong. I was separately interviewed for an article on the same subject, written by Bloomberg reporter Fox Hu, which also touched on prospects for the pricing of Prada’s IPO, also in Hong Kong. read

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Xiangyu Dredging’s IPO could get stuck

HONG KONG (Dow Jones Investment Banker) – Xiangyu Dredging Holdings Ltd.’s IPO of up to US$105 million should be a pure play on public spending for transportation infrastructure in China. But while that sector is expected to grow significantly in coming years, and the financials are healthy, the structure of the market and the company’s small and relatively stagnant customer base raise issues with respect to the sustainability of its performance.

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, China, Hong Kong