Asia’s IPO market remains resilient

HONG KONG (Dow Jones Investment Banker) – In contrast to the lackluster European IPO market, new listings in Asia have continued unabated in the first half of this year. And while some 40 deals have been pulled on account of market volatility, year-to-date volumes are close to those in 2010. Asia has remained largely immune to the macro events affecting the EMEA region. Healthy growth rates have continued to fuel consumption and infrastructure stories, and local exchanges have benefited from innovation and aggressive marketing.

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Hong Kong book fair

“IPO: A Global Guide” will be one of the key exhibits at the HKU Press booth at this year’s book fair in Hong Kong. read

Reuters article

I was interviewed by Reuters’ Asia Equity Capital Markets correspondent Elzio Barreto for an article published on 18 July on listings by introduction in Hong Kong.

This follows listings there by four companies without issuing shares over the past three weeks, and the article mentions that such transactions are seen as “expensive advertising”.
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HKSFA presentation

For those of you that are based in Hong Kong, this is just advance notice that I will be giving a presentation on “The key components of a successful IPO” for the Hong Kong Society of Financial Analysts (HKSFA) on 20 July 2011. read

FinanceAsia article

I was interviewed last month by FinanceAsia’s Deputy Editor Sameera Anand for an article on the subject of Milan Station’s IPO in Hong Kong. This was published in the June 2011 issue of FinanceAsia Magazine. read

Irish Chamber of Commerce presentation

On 15 June, I gave a presentation at Club Lusitano in Hong Kong on IPOs. The presentation was organised by the Irish Chamber of Commerce in Hong Kong, in co-operation with the Finnish and Norwegian Chambers, as well as the Australian and Singaporean Chambers of Commerce there. read

Hong Kong releases framework for yuan IPOs

HONG KONG (Dow Jones Investment Banker) – The Stock Exchange of Hong Kong (HKEx) released Wednesday a proposed framework for IPOs denominated in yuan there. The model, which effectively mirrors arrangements for the issue and trading of GDRs and ADRs, looks sound in theory.

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Tibet 5100’s IPO holds water

HONG KONG (Dow Jones Investment Banker) – Tibet 5100 Water Resources Holdings Ltd is attempting to raise up to US$206 million in an IPO in Hong Kong. Although formally incorporated in the Cayman Islands as a red chip, if successful, it would be the first company from Tibet to list on the exchange there. The deal is small, but the growth rates posted by the company are impressive, as is its handle on costs, even if it remains very dependent at this stage on its cooperation with a rail transport operator.

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Two jumbo flotations in Hong Kong

Against the background of a morose Hong Kong IPO market, two large deals are entering marketing this week in the form of a US$5.4 billion (estimated) proposed listing of China Everbright Bank, and a mooted US$1 billion float of Chinese hypermarket operator Sun Art Retail. read

Beijing Jingneng tries to energize IPO investors

HONG KONG (Dow Jones Investment Banker) – Amid particularly choppy primary equity markets, Beijing Jingneng Clean Energy Co., Ltd. is attempting to raise up to US$630 million in an IPO in Hong Kong; to succeed, the deal may need to be cut back.

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