‘Raising Capital in Hong Kong’ HKEx conference

On 17 January 2013, I moderated a 90 minutes panel discussion on the Hong Kong listing mechanism at HKEx’s 2nd whole-day conference on “Raising capital in Hong Kong”. read

More puff, less huff for flotations in 2013

Like an endangered species clinging on to the last remnants of its natural habitat, the Hong Kong initial public offering was scantly seen in 2012. The euro-zone sovereign debt crisis rumbled through the markets for most of the year, putting paid to many issuers’ plans.

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CMEC launches its Hong Kong IPO

China Machinery Engineering Corporation is in the market to raise up to US$500 million equivalent through an accelerated offering, targeted at Regulation S (and Hong Kong retail) investors only – probably one of the last IPOs in Hong Kong this year. read

PICC deal shows Japan on the POWL

Amid particularly tense Sino-Japanese relations, the US$3.1 billion IPO of mainland insurer PICC Group is all the more remarkable in that it included a rare tranche, solely targeted at Japanese investors. read

Another (full) round of interviews

I was, again, solicited by the financial media this morning, to comment on the IPO trading debut of PICC Group’s US$3.09 billion IPO. read

The price will be right

Pre-IPO research has once again been in the spotlight in two recent Hong Kong transactions. In both, the issuers were said to have been leaning on brokers to produce valuations that met their expectations. read

Report on cross-border IPOs

I participated, alongside 14 other professionals, in a study for an in-depth report from PwC and Baker & McKenzie (coordinated by consultancy Meridian West) on cross-border IPO trends. read

Bankers spin into high gear

The IPO of one of the mainland’s largest property insurers, The People’s Insurance Company (Group) of China, which currently undergoing bookbuilding as it seeks to raise up to US$3.6 billion, is setting a bit of a record with no less than 17 bookrunners – or senior underwriters assigned to gather orders from institutional investors.
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CNBC and RTHK interviews – again!

I was interviewed today by Assistant Producer Ansuya Harjani for an article entitled “Is IPO Fever Returning To the Hong Kong Market?” – just published on CNBC.com. read

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