Size matters – but not too much
Surprise, surprise. Riyadh appears to have lost its bet to successfully bring to market a US$100 billion-plus IPO for Saudi Aramco. read
Tag: Hong Kong
A quick reminder about HKEX’s governance
On 8 October 2019, HKEX quietly dropped its US$36 billion-plus bid for the London Stock Exchange, citing its disappointment that, “it had been unable to engage” with the management of the latter “in realising its vision to create a world-leading market infrastructure group”. read
What it takes to be an Asian ECM powerhouse
Last week, news that Deutsche Bank would fold its global equities business and terminate almost 20,000 of its employees came as a shock for market observers. read
ECM is very jialat right now
Just as Hong Kong has taken over from Japan as the second largest stock exchange in Asia (behind Shanghai), and as larger and better performing IPOs show renewed confidence on the part of investors in the city, Singapore’s primary markets have quietly (and rather worryingly) gone off the grid.
Flying high in the year of the pig
HKEX just released its strategic plan for the next three years, painting itself as the “global markets leader in the Asian time zone”. read
Stabilisation profits: sharing is caring
I turn my attention to one of the ECM world’s best-guarded secrets: the profits banks can make from stabilisation.
The Hong Kong paradox
What once looked like a healthy and steady pipeline of IPOs across Europe and the US has evaporated in a flash. read
HK to board out dodgy directors (well, almost)
Perhaps as a teaser for its New Year resolutions, the Hong Kong Stock Exchange recently published the findings of its latest review of listed issuers’ corporate governance practices, in addition to updated guidance material on environmental, social and governance (ESG) reporting. read
Hong Kong ECM: apply Sod’s law
Clawback columnist Philippe Espinasse says the latest proposals by Hong Kong’s Law Society could spell bad news for international securities lawyers in the city. read
Kill or cure
At the end of last month, the Hong Kong Stock Exchange published a consultation paper seeking feedback on a proposed suspension requirement for listed companies with a “disclaimer or adverse audit opinion on their financial statements”. read