Alibaba – the genie is out of the bottle
I now write “Clawback” for GlobalCapital (formerly known as EuroWeek), a new column dissecting topics in Asia’s equity capital markets. read
Tag: US
2013 global IPO review
According to database company Dealogic, global IPO volume in 2013 totaled US$173.3 billion via 934 deals, up 39% on 2012 (US$124.3 billion, 821 deals) and represented the highest volume since 2010 (US$281.4 billion).
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Report on cross-border IPOs
I participated, alongside 14 other professionals, in a study for an in-depth report from PwC and Baker & McKenzie (coordinated by consultancy Meridian West) on cross-border IPO trends. read
Listless and bored
Around this time last year I wrote a preview of the IPOs expected to arrive on the Hong Kong market. It’s telling that most of those same deals are still in the pipeline, twisting in some interminable pre-launch marketing limbo. read
IPO roadshow warriors a dying breed?
“So where are we going to travel to on the roadshow?” – that’s usually one of the first questions a prospective IPO issuer will ask bankers pitching to lead its flotation. read
The enduring mystery of IPO pricing
In 2004, Google came to market with an IPO. The company took an unconventional approach to pricing. It put its offer to all investors through an open, Dutch auction. All investors, whether individuals or institutions, were asked to submit orders. The deal was then priced at exactly the level required to sell all shares at the highest possible valuation. read
Unliking the IPO price range hunger games
HONG KONG (Dow Jones Banking Intelligence) – The Facebook IPO and its confusing messages have, once again, highlighted differences in IPO market practices between the U.S. and the rest of the world. ECM bankers in New York and the Silicon Valley could in fact take some lessons from Asian ways to send clear guidance to investors – and avoid causing IPO bubbles. read
Radio interviews on Asian IPOs
I was interviewed this morning by anchor Bryan Curtis on Hong Kong’s RTHK 3 radio “Money For Nothing” programme. The topic was IPOs, with a focus on the Facebook flotation on NASDAQ, the aborted Graff Diamonds IPO in Hong Kong – and market conditions generally. read
RTHK 3 radio panel interview
I participated in a panel discussion on Hong Kong’s RTHK 3 radio “Backchat” programme today, on the subject of Facebook’s IPO. read
Espinasse on Facebook’s IPO
I was interviewed by anchor Bernie Lo last weekend, on CNBC’s “Straight Talk” programme, on the subject of Facebook’s proposed IPO on NASDAQ. read