IPO
PE-backed Haitong Securities raises $1.7b in Hong Kong IPO
Shanghai-listed brokerage Haitong Securities, China's second-biggest brokerage by assets, has raised HK$13 billion ($1.7 billion) in Hong Kong’s biggest IPO since December of last year.
Carlyle-backed AvanStrate nixes IPO again - report
AvanStrate, the Japanese LCD glass manufacturer owned by The Carlyle Group, appears to have called off its plans for a $266 million initial public offering for the second time in a year.
First quarter analysis: Asia struggles to locate its exits groove
Little to cheer in the exit landscape; China growth deal pipeline continues to weaken; India telecom tower buyout not a sign of things to come
KKR in new push for MMI IPO – report
KKR has reportedly revived plans to exit MMI International, the precision-engineering company it took private in 2007, through a Singapore IPO. The offering could generate $400-500 million, but it is unclear how much of its holding the private equity...
Carlyle targets $762m in IPO
The Carlyle Group is seeking to raise as much as $762.5 million through its initial public offering. This would value the company at up to $7.6 billion, less than half the current market capitalization of The Blackstone Group and more than $2 billion...
PAG backs Haitong's $1.8b Hong Kong offering
PAG has become a cornerstone investor in the Shanghai-listed brokerage Haitong Securities' Hong Kong IPO, buying $300 million worth of shares as part of a potential $1.8 billion offering.
CVC plans $2b Formula One IPO in Singapore - report
CVC Capital Partners is heading towards a $2 billion initial public offering (IPO) for Formula One Group in Singapore. The private equity firm may sell a 20% stake in the motor racing series and complete the sale as early as June.
Oaktree files for $595m IPO
Oaktree Capital Group, the US-based debt-focused private equity firm, has filed for an IPO that could raise up to $595.1 million. Co-founders Howard Marks and Bruce Karsh stand to take away as much as $117.2 million each from the sale.
Warburg Pincus sells Kotak Mahindra stake for $272m
Warburg Pincus has fully exited India’s Kotak Mahindra Bank by selling the remaining 3.6% stake it held in the institution for INR14 billion ($272 million) on the public markets.
DCM, Sequoia-backed Vipshop drops 15% on NYSE debut
Vipshop Holdings, a Chinese online retailer backed by Doll Capital Management (DCM) and Sequoia Capital, saw its stock close down 15% on its March 23 trading debut. The company priced its IPO on the New York Stock Exchange at $6.50, 23% below the indicated...
Carlyle reinitiates AvanStrate IPO
The Carlyle Group has re-initiated proceedings to list Japanese LCD glass manufacturer AvanStrate, thanks to improved stock market conditions in Japan.
Reliance Communications files for Singapore IPO
The undersea cable unit of Reliance Communications has applied to list in Singapore, in a move that could raise $1-1.5 billion to help its parent company to offload its heavy debt.
Indonesian Pay-TV operator revives $400m IPO plan
PT MNC Skyvision, a unit of media group PT Global Mediacom and the largest pay TV company in Indonesia, will once again seek to raise up to $400 million via an initial public offering in June, in a bid to tap opportunities brought about by a rise in consumer...
Haitong to revive Hong Kong IPO in April
Haitong Securities, China’s second largest brokerage by assets, will once again seek to list on the Hong Kong Stock Exchange, with a fundraising target of $1.5 billion.
Kotak, ICICI, Intel-backed MCX makes solid debut
Multi Commodity Exchange of India (MCX), the first Indian exchange to get listed, had a strong debut on Friday, with its shares closing up 26% on the Bombay Stock Exchange.
Sunshine Oilsands down 4.3% on its IPO price in early trading
Canadian oil explorer Sunshine Oilsands ended its first morning of trading in Hong Kong down 4.3% on its IPO price. The sluggish performance was expected, largely due to delays in the offering process and negative income streams.
CIC, Sinopec commit $300m to Sunshine Oilsands IPO
China Investment Corp (CIC) and China Petrochemical Corp. (Sinopec) are among three cornerstone investors to pledge $350 million to Sunshine Oilsands' Hong Kong listing. The news comes a few days after the company said it would postpone its IPO to allow...
Sunshine Oilsands postpones Hong Kong IPO roadshow
Sunshine Oilsands, a Canadian oil exploration company backed by Hong Kong private equity firm Cross-Strait Common Development Fund as well as several Chinese state-owned enterprises (SOEs), is postponing its IPO roadshow to sometime next week.
BC Partners replaces Fitness First management team
BC Partners has axed the core management team of Fitness First in a bid to prevent its portfolio company sinking under the weight of its high-interest loans.
PE-backed Sunshine Oilsands prepares for Hong Kong IPO
Sunshine Oilsands, a Canadian oil exploration company backed by Hong Kong private equity firm Cross-Strait Common Development Fund as well as several Chinese state-owned enterprises, could raise up to $700 million through an IPO in Hong Kong. This implies...
John Tsang: Hong Kong as magnet for PE funds
Hong Kong has retained its status as a private equity hub, largely on the back of developments in mainland China, said Hong Kong's financial secretary John Tsang at an industry event.
US increases disclosure requirements for foreign listings
The US Securities and Exchange Commission (SEC) has introduced rules that compel foreign companies seeking US listings to file their registration documents publicly. Previously, IPO documentation remained confidential until the issuers were ready to launch...
IPO woes: Looking for an exit
With the public markets all but closed for IPOs, what other exit routes are available to investors?
China to let more SMEs list in Hong Kong
China will allow more small- and medium-sized enterprises to list in Hong Kong in what could be a game changer for private equity firms seeking overseas IPO exits for portfolio companies. The move, announced at the Asian Financial Forum in Hong Kong by...