IPO
Chinese apartment rental platform Qingke pursues US IPO
Q&K International Group, operator of China-based long-term apartment rentals platform Qingke, has filed for a US IPO. Its backers include Morgan Stanley Private Equity Asia (MSPEA) and Crescent Point.
PropertyGuru seeks as much as $256m in Australia IPO
PropertyGuru, a Southeast Asia-focused online real estate portal that counts TPG Capital and KKR among its investors, is looking to raise up to A$380.2 million ($256 million) through an IPO in Australia.
PE-backed Chinese health products distributor files for US IPO
Ecmoho, a China-based online distributor of health and wellness products from leading brands such as Abbott and Wyeth Nutrition, has filed for US IPO.
PE-owned Belle to spin-out Chinese sports retail business
Belle International – the Chinese footwear retailer privatized by Hillhouse Capital and CDH Investments just over two years ago – is spinning out its sports retail unit through an IPO.
PE-backed Latitude targets up to $946m in Australia IPO
KKR, Värde Partners and Deutsche Bank plan to make partial exits through an IPO of Australian consumer lending business Latitude Financial, which is expected to raise as much as A$1.4 billion ($946 million).
VC-backed Japanese e-commerce player files for IPO
Base, a Japanese e-commerce services platform that helps small-scale vendors establish online shops, has filed for an IPO in Tokyo. It will facilitate partial exits for multiple venture capital investors.
GIC-backed Metro Pacific Hospital files for Philippines IPO
Metro Pacific Hospitals Holdings (MPHH), a unit of Philippines-based conglomerate Metro Pacific Investments Corp. (MPIC), has filed for a domestic IPO. GIC is a minority shareholder in the business.
IDG-backed Superdata files for Hong Kong IPO
Superdata Software, a Chinese enterprise management software provider that has been backed by different IDG Capital entities for more than 20 years, has filed for an IPO in Hong Kong.
Japan's VC-backed Chatwork files for IPO
Chatwork, a Japan-based business chat platform developer, has filed for an IPO in Tokyo that will provide an exit to several of its venture capital backers.
WeWork IPO reveals extent of global scaling risk
WeWork, a US co-working space provider pursuing an aggressive Asia expansion with the backing of several PE investors, revealed a number of risks associated with rapid global growth in a filing for its US IPO.
PE-backed CSB files for India IPO
CSB, an Indian private bank with several private equity backers, has filed for an IPO that is expected to raise at least INR300 million ($4.2 million). It is the first PE-backed IPO filing in more than nine months.
India IPOs: Long-term horizons
Indian PE and VC investors expect domestic and overseas public markets to become increasingly attractive exit avenues for their portfolio companies as the global macroeconomic volatility dissipates
TPG, Fosun sell China hospital business to Antony Leung's SPAC
TPG Capital and Fosun Pharma have agreed a $1.3 billion deal that will see Chinese hospital operator United Family Healthcare (UFH) absorbed by a special purpose acquisition company (SPAC) established by Antony Leung, formerly Greater China chairman at...
China tech board makes volatile debut
The initial batch of companies chosen to list on China’s technology innovation board – known as the Star Market – posted an average gain of 140% on their first day of trading on July 22, although almost all were pared back in the opening hours of...
Chinese streaming platform trades flat after $775m US IPO
Chinese game live-streaming platform Douyu International Holdings closed flat on its first day of trading on NASDAQ following a $775 million IPO – the largest US offering by a Chinese company this year.
Chinese smart robot maker files for US IPO
Chinese cloud-based robotics developer CloudMinds has filed for an IPO in the US with a view to raising up to $500 million.
Southeast Asia exits: Greener pastures
Southeast Asia’s internal growth and rising appeal among global investors in recent years have fed expectations that PE and VC exits will follow. The logic is sturdy but detailed projections are elusive
2Q analysis: Mixed fortunes
Second quarter analysis: Spin-outs reflect challenges for China fundraising; weak buyout activity continues to hold back Asia PE investment; Korea heads the exit charts as China falls back
Morgan Stanley-backed Feihe files for Hong Kong IPO
Feihe, a China-based dairy products manufacturer backed by Morgan Stanley Private Equity Asia (MSPEA), has filed for an IPO in Hong Kong.
Singapore's PE-backed Home Control files for HK IPO
Home Control International, a Singapore-based manufacturer of remote controls for television and smart devices owned by Morgan Stanley Private Equity Asia (MSPEA), has filed for an IPO in Hong Kong.
MSPEA-backed AMTD subsidiary to list in US
AMTD International, the investment banking, asset management, and strategic investment division of Hong Kong-based financial advisor AMTD Group, has filed for an IPO in the US. Both companies are backed by Morgan Stanley Private Equity Asia (MSPEA).
PE-backed Hansoh Pharma completes $1b Hong Kong IPO
Hansoh Pharmaceutical Group, a Chinese drug developer that counts Hillhouse Capital and Boyu Capital among its investors, has raised HK$7.86 billion ($1 billion) through a Hong Kong IPO.
PE-backed ESR postpones Hong Kong IPO
Pan-Asian logistics and fund management platform ESR has postponed its Hong Kong IPO, which was expected to raise up to HK$9.75 billion ($1.24 billion) and facilitate partial exits for several private equity investors.
PE-backed Fang.com spins out China property analytics business
Private equity-backed online real estate portal Fang.com has spun-out its property analytics and benchmarking system in what its CEO Yu Huang described as the first direct public offering (DPO) by a Chinese company in the US.