All quiet on the Eastern front
There seems to be no end in sight for the Asian ECM bout of depression. Above all, it’s been a pretty miserable year so far for IPOs, in sharp contrast to new listings activity in other parts of the world. read
There seems to be no end in sight for the Asian ECM bout of depression. Above all, it’s been a pretty miserable year so far for IPOs, in sharp contrast to new listings activity in other parts of the world. read
As expected, it hasn’t all been plain sailing for Asian IPOs so far in 2015. Macro events, chiefly in Greece and the Middle East, have taken their toll on regional issuance, as have increasing worries about China’s property sector. Even the mighty Alibaba hasn’t been immune to the doom and gloom, its share price in free-fall over a regulatory enquiry. read
2014 has come and gone, with a fairly honourable tally for Asia’s busy ECM desks. According to Dealogic, last year’s ECM volume on Asia ex-Japan exchanges, and excluding China’s A-share markets, was just under US$135 billion, more than in each of 2013 and 2012. read
I was back in CNBC’s HK studio this morning to comment on the nuclear energy provider’s listing on HKEx. read
I was interviewed by Reuters TV anchor Pamela Ambler this morning, on the Chinese property developer’s proposed listing in the City, potentially the largest on HKEx this year after that of CGN Power, which starts trading tomorrow. read
Forget about reindeer with shiny noses, fir trees and shopping mall carols. For those in the finance industry, the end of the year takes an altogether different meaning. read
Surprise – surprise. The launch of the Shanghai-Hong Kong Stock Connect scheme, which had been in the works for months, has recently been delayed. The Through Train has been derailed. read
2014 so far as been a bit of a bumper year for IPOs in Hong Kong, despite the well-publicized loss of Alibaba’s landmark listing to the New York Stock Exchange. According to Dealogic, no fewer than 78 of these have taken place on HKEx year-to-date, for a combined amount of US$17.1 billion equivalent. That’s more than twice the volume of IPOs achieved in the first nine months of 2013, when 43 deals had successfully made it to closing. read