Espinasse on PICC
I was interviewed on CNBC’s “The Call” this morning by anchors Bernie Lo and Emily Chan on what’s in store for investors with the IPO in Hong Kong of mainland Chinese insurer PICC Group. read
Year: 2012
PICC launches US$3.6 billion Hong Kong IPO
PICC Group will finally kick off bookbuilding tomorrow, Thursday 22 November, for an IPO that could reach US$3.6 billion, and even top US$4 billion, assuming exercise in full of the over-allotment option. This would make it the largest IPO so far this year in Asia ex-Japan, ahead of the flotation of Felda Global Ventures in Malaysia. read
Goodwill and counting
Yes – it’s that time of the year again! No – not Christmas trees, carols, frenzied shopping sprees, boozy corporate parties and stuffed turkey dinners. For most investment bankers, the season of goodwill takes an altogether literal meaning. read
Will PICC’s IPO take off like a rocket?
People’s Insurance Company (Group) of China, otherwise known as PICC, is set to hit the market in Hong Kong this month in what could potentially make it the largest IPO in Asia (excluding Japan) this year. read
Malaysia to introduce business trusts
An interesting story was published on Bloomberg today about the forthcoming introduction of business trusts in Malaysia. read
Milan Station shows investors how not to spend it
Second-hand luxury handbag retailer Milan Station made headlines last week as it warned of an expected loss for this year, which it said was to be blamed on continued slow demand for luxury goods. read
Espinasse on CNBC’s “The Call”
I was interviewed this morning by anchors Bernie Lo and Emily Chan on CNBC’s programme “The Call” on the IPO trading debut for Shanghai Fosun Pharmaceutical in Hong Kong. read
How lock-ups really mess the stock up
Everyone knows that Hong Kong’s IPO market is going through tough times. New deals are rare, depriving punters of a once favoured way of betting on equities and generating quick gains. read
Not what the doctor prescribed – but close enough
Last week, I wrote about the delay in the launch of Shanghai Fosun Pharmaceutical’s long awaited equity offering in Hong Kong. As was expected at the time, bookbuilding finally started on October 16 for what is an accelerated timetable (on account of the upcoming bank holiday) that will now see pricing on October 24, and listing and start of trading on October 30. read
Espinasse on Astro Malaysia’s IPO
I was invited on Bloomberg Television again this morning for a live interview on Astro Malaysia’s IPO debut in Kuala Lumpur – and on Asian IPOs generally – with anchor Rishaad Salamat in the “On The Move Asia” show. read