As previously reported on this website in January 2011, the Stock Exchange of Hong Kong is expanding the list of jurisdictions it recognizes to admit international companies to listing in the SAR. The latest jurisdiction to be recognized is France. read
HONG KONG (Dow Jones Investment Banker) – The large-scale trading simulation this week of offshore yuan-denominated securities in Hong Kong lays the groundwork for a market that could soak up the mountains of Chinese currency that cannot be repatriated easily to the mainland. It also looks very much like a dress rehearsal for Cheung Kong (Holdings) Ltd.’s long-awaited IPO and listing of a US$1 billion equivalent, yuan-denominated REIT in Hong Kong.
“IPO: A Global Guide” will be formally published on 15 April.
Details for the launch are set out below.
HONG KONG (Dow Jones Investment Banker) – What a difference a year makes. In 2010, there was a bumper harvest for new equity issues. That’s not so in Asia this year.
On 18 March 2011, I wrote a column which was published in the “Features & Analysis” section of the website of BBC News. The topic was the Stock Exchange of Hong Kong’s simulation exercise for the trading of renminbi-denominated securities and their development.
To read the article, please click HERE.
HONG KONG (Dow Jones Investment Banker) – As the Stock Exchange of Hong Kong finally opens its capital markets to allow listings by companies incorporated in no fewer than 15 jurisdictions, investment banks are actively scouting both the old and new worlds to identify candidates for IPOs there. Not all will fit the bill, and a significant presence in Asia will generally be a prerequisite. Secretive fashion group Agnès B, from France, could tick most boxes.
HONG KONG (Dow Jones Investment Banker) – As chatter increases, Glencore International AG remains tight-lipped about its IPO plans. Some of what has filtered over the last few days, however, offers a clue as to what its US$10 billion to US$15 billion offering and dual listing might look like, and suggests it could come next month, just before the Easter break.
HONG KONG (Dow Jones Investment Banker) – When the board of a good-sized Chinese company is choosing a venue for an international IPO, the short list usually has three names on it: the Stock Exchange of Hong Kong, NASDAQ and NYSE Euronext in the US.
HONG KONG (Dow Jones Investment Banker) – Public offerings without listing (POWLs) have for a decade been used to channel Japanese retail financial assets – about half of which are held in the form of cash in bank or post office deposits – towards international primary equity offerings. But do POWLs as they stand really add value to new issues? read
As we initially suggested on this blog and published on Dow Jones Investment Banker, as well as in The Source on WSJ.com and in The Asia Wall Street Journal, Prada confirmed on 7 March on Bloomberg its decision to conduct its proposed IPO with a sole listing in Hong Kong, at the expense of Borsa Italiana, the Milan Stock Exchange. read
