I was interviewed this morning by anchor Bryan Curtis on Hong Kong’s RTHK 3 radio “Money For Nothing” programme. The topic was IPOs, with a focus on the Facebook flotation on NASDAQ, the aborted Graff Diamonds IPO in Hong Kong – and market conditions generally. read
There has been much talk over the past few weeks about the proposal by the Securities and Futures Commission to strengthen the regulation of sponsors of initial public offerings. Such sponsors, investment banks or brokers, oversee a firm’s application to list on the exchange. read
I participated in a panel discussion on Hong Kong’s RTHK 3 radio “Backchat” programme today, on the subject of Facebook’s IPO. read
HONG KONG (Dow Jones Banking Intelligence) – China Nonferrous Metal Mining (Group) Co. Ltd. (CNMC) is braving the Hong Kong IPO market amid weakened investor sentiment. The offer, which has been reduced in size and boasts a reasonable valuation, could still struggle. read
I was interviewed live today in CNBC’s Hong Kong studio on IPOs in Asia, in particular on the proposed flotations of Graff Diamonds and Formula One in Hong Kong and Singapore, respectively. read
China Everbright Bank, the country’s 13th largest bank as ranked by assets, is set to raise up to US$2.5 billion in what could be the largest initial public offering in Asia, so far in 2012. read
I was interviewed by anchor Bernie Lo last weekend, on CNBC’s “Straight Talk” programme, on the subject of Facebook’s proposed IPO on NASDAQ. read
Bankers on May 7 started sounding fund managers on their interest for the long-awaited Graff Diamonds initial public offering. The process, known as pre-marketing or, more commonly these days, pre-deal investor education (PDIE), puts the highly anticipated US$1 billion (approximate) deal on track for a June 7 listing. read
There has been much talk of late about the decline of the Hong Kong market for initial public offerings. The volume of new listings is down. These days, deals that venture into marketing seem as likely to get pulled as to be priced. Most problematically, many IPOs that successfully close keep trading in the red. read
Shanghai Fosun Pharmaceutical has secured a green light from both the China Securities Regulatory Commission and the authorities in Hong Kong for its long-awaited initial public offering on HKEx, which means that launch could start soon. read
