Less Through Train, more Slow Train
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
Category: Uncategorized
Hong Kong IPOs: between a rock an a hard place
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
Cornering elusive cornerstones
In Asia, cornerstone investors are regarded as a vital ingredient for successful major listings. And Hong Kong – where such investors are subject to lock-up restrictions – has also increasingly seen the advent of anchor investors. read
IPO: A Global Guide, expanded second edition
The expanded, second edition of my book has just been published in both paperback and e-book. read
Indian GDRs no longer make a splash
The ice bucket challenge has been all the rage on social media recently, but Indian GDR issuers have been taking a cold shower for quite a while longer. read
Crouching tiger vs. Hidden Dragon?
As Hong Kong’s financial marketplace becomes increasingly reliant on the Chinese mainland for its IPOs, Singapore’s big opportunity perhaps lies with international issuers – and those from Southeast Asia in particular. read
WH Group trading debut interview
I was on BBC Television’s Asia Business Report again this morning, interviewed by Hong Kong correspondent Juliana Liu. read
Yuan IPOs in Hong Kong still face a long march
Amid renewed IPO activity in Hong Kong, carrier Hong Kong Airlines is believed to be working on a yuan-denominated new listing of up to US$500 million equivalent. If confirmed, this would make it only the third issuer there to list shares in Chinese currency. read
Will WH Group piggyback on HK’s wave of IPOs?
Amid more deals coming to market in recent weeks, there has been much talk about a potential re-launch in Hong Kong of WH Group’s IPO, a deal that was famously pulled last April after a mammoth syndicate of 29 bookrunners failed to secure interest from investors. read
Chinese investment banks on the rise
I gave a video interview to Asia banking reporter Enda Curran from the Wall Street Journal. read