Shanghai Fosun Pharmaceutical last week pushed back the launch of its US$600 million Hong Kong initial public offering from 11 October to, most likely, 15 October – possibly putting it on track for an accelerated marketing timetable. (See my prior column in Money Post on 30 April). read
On 29 September 2012, I presented at the Hong Kong Securities and Investment Institute (HKSI) to a total of 67 young graduates about to work in the field of finance. read
Milk maker Liaoning Huishan Holdings, also known as Huishan Dairy, has reportedly invited investment banks to submit proposals to lead a Hong Kong initial public offering projected at a size of up to US$1 billion. read
Hong Kong’s IPO drought continues. According to data from Thomson Reuters, the year to date has seen a respectable 42 new listings on the local bourse. But these offers combined raised only US$5.5 billion. read
I gave a presentation today to an audience of 67 at the Hong Kong Securities and Investment Institute (HKSI) (as it is now called), on the subject of recent developments in the field of IPOs in Asia. read
A hardly noticed piece of news was released by the Hong Kong exchange on August 30: companies incorporated in South Korea will now be allowed to list in Hong Kong. Korea will accordingly join a list of 19 other jurisdictions now recognised by the exchange – on top of the mainland, Bermuda, the Cayman Islands and, of course, Hong Kong itself. read
Around this time last year I wrote a preview of the IPOs expected to arrive on the Hong Kong market. It’s telling that most of those same deals are still in the pipeline, twisting in some interminable pre-launch marketing limbo. read
One of the perks of working in an investment bank is – or rather was – a fairly casual approach to expenses. Virtually everything is billable back to the employer, who directly or indirectly passes the expenses onto clients. read
HONG KONG (Dow Jones Banking Intelligence) – Hong Kong Exchanges and Clearing Ltd. (HKEx) has faced much distraction this year. It now needs now to focus on the issues which can help it regain its status as an IPO destination. read
The simplified Chinese character edition of “IPO: A Global Guide” for the mainland market will go to print this coming week end – and should be available for sale towards the end of the week starting 27 August 2012.
