Espinasse on CNBC’s Squawk Box
I was interviewed this morning on Asian IPOs on CNBC’s “Squawk Box” show with anchors Lisa Oake and Bernie Lo and Anthony Scaramucci, Managing Partner of SkyBridge Capital. read
Tag: Investment case
Reading the Tenfu tea leaves
HONG KONG (Dow Jones Investment Banker) – Amid the largest drop for a month in the Hang Seng index, Tenfu (Cayman) Holdings Company Limited, a producer and retailer of tea products in China, has just started bookbuilding for its Hong Kong IPO of up to US$182 million. The deal, set to price on September 20, with listing on the 26th, is led by China International Capital Corp. (CICC), Credit Suisse, and Taiwan’s Polaris Securities.
Sheng Siong’s confusing IPO messages
HONG KONG (Dow Jones Investment Banker) – Supermarket operator Sheng Siong kicked off its domestic Singapore IPO on August 5 through OCBC Bank. The offer price is SGD0.33, translating into a deal size of US$96 million equivalent. Excluding a 15% overallotment option, the IPO comprises 351.5 million shares – representing just over 26% of the company – of which about 57% are for new money, with the balance being sold by the founding family.