Tag: China
24 February 2012
HONG KONG (Dow Jones Banking Intelligence) – Selling shares in renowned branded product companies to Asian investors is one thing. But the IPO of Canadian energy firm Sunshine Oilsands Ltd on the Stock Exchange of Hong Kong will break new ground. Sunshine Oilsand’s assets are primarily in North America – 465,000 hectares of oil sands leases in the Athabasca region, in northern Alberta, Canada – with reserves and resources (as of July 1, 2011) totaling 45.4 billion barrels of best estimates petroleum initially in place. read
Canada, China, Hong Kong, Primary offerings
Canada, China, Hong Kong... +1 more
13 February 2012
Despite its name, Xiwang Special Steel doesn’t really look like too special a deal. The initial public offering, launched to professional investors last Monday, is reportedly being sold in part to friends of the issuer, with fund managers said to be showing polite but muted interest. read
China, Hong Kong, Primary offerings, Secondary offerings, Valuation
China, Hong Kong, Primary offerings... +2 more
20 January 2012
A guest column I wrote for the China Economic Review.
2011 was a year marred by extreme volatility in markets, an earthquake and tsunami that disrupted global supply chains, renewed inflationary worries in Asia and, above all, the near collapse of the euro zone. read
Business trusts, China, De-listing, Dual listings, Hong Kong, Liquidity, Listing by introduction, Secondary listings, Singapore, Yuan securities
Business trusts, China, De-listing... +7 more
13 January 2012
“IPO: A Global Guide” is currently being translated into a simplified Chinese character edition, which should be available in the mainland market through China Financial & Economic Publishing House (CFEPH) in mid-August 2012. read
China, Events
China, Events
13 January 2012
HONG KONG (Dow Jones Investment Banker) – Underwriters persistently rake in higher IPO fees in the US than in other markets. But with foreign companies increasingly shunning US listings, the American premium may be hard to sustain.
read
China, Europe, Fees, Hong Kong, US
China, Europe, Fees... +2 more
09 January 2012
As I explained last autumn (read “How fat cats get the cream”), investment banks are complex entities, with many divisions and departments often competing among each other (but sometimes working together) to harvest fees from corporates and institutional investors.
read
China, Execution, Hong Kong
China, Execution, Hong Kong
04 January 2012
HONG KONG (Dow Jones Investment Banker) – Forget the theory about pre-deal investor education (PDIE) and the price discovery process. In these volatile markets what really matters is to initiate book building only when a deal has effectively already been covered. Here’s why – and how. read
Anchor investors, China, Cornerstones, Hong Kong, Offer structure
Anchor investors, China, Cornerstones... +2 more
02 January 2012
A Happy New Year to all! Set out below is a piece I wrote in today’s South China Morning Post in Hong Kong, looking at the year that was and at prospects for IPOs in the city.
Last year was difficult for Hong Kong initial public offerings. True, about US$32 billion was raised from 69 flotations as of December 15, according to the Hong Kong Exchange (thereby enabling the city to retain its global crown for IPO fund-raising, ahead of Shenzhen and New York), but last year was also notable for the below-par performance of most new issues – with many down by 20 per cent or more from their offer prices. read
Business trusts, China, Hong Kong, Primary offerings, Secondary listings, Secondary offerings, Yuan securities
Business trusts, China, Hong Kong... +4 more
29 December 2011
I was quoted in the Financial Times again today in an article by Robert Cookson in Hong Kong and Gregory Meyer in New York, entitled “China Eclipses US As Top IPO Venue”. read
China, Hong Kong, US
China, Hong Kong, US
22 December 2011
Hong Kong Exchanges and Clearing Limited (HKEx) published on 20 December a set of market statistics for 2011 (up to 15 December) on its website. read
China, Dual listings, Hong Kong, Yuan securities
China, Dual listings, Hong Kong... +1 more
