IPO
India e-commerce: Arms race
Chinese online retailer JD.com's US IPO was preceded by a three-year period in which it raised $1.7 billion from private equity and venture capital investors. This faith has, so far, paid off, with $1.8 billion raised through the IPO – allowing partial...
VC-backed Xunlei files for US IPO
Xunlei, a Chinese file-sharing and download management platform backed by a string of VC firms, has revived plans for a US IPO, two-and-a-half years after abandoning a NASDAQ offering due to market volatility.
China's JD.com jumps 10% on NASDAQ debut
Shares in PE-backed Chinese online retailer JD.com jumped nearly 10% on their first day of trading on NASDAQ following a $1.78 billion IPO.
ICICI Venture-backed India theme park operator files for IPO
Adlabs Entertainment, the ICICI Venture-backed firm behind theme park Adlabs Imagica, wants to raise more than INR4 billion ($68 million) through an India IPO.
PE-backed China Auto Rental files for Hong Kong IPO
China Auto Rental, a car hire firm backed by Warburg Pincus, has revived IPO plans that were shelved in mid-2012, although it is now aiming to go public on the Hong Kong Stock Exchange rather than NASDAQ.
PEP-owned Spotless raises $919m in Australia IPO
Shares in Pacific Equity Partners-owned cleaning and catering contractor Spotless Group opened at a 9.4% premium to the IPO price on the first day of trading in Sydney following a A$994.6 million ($919 million) offering.
Chinese online retailer JD.com in $1.8b IPO
Chinese online retailer JD.com has raised $1.8 billion after its US IPO priced at a higher level than anticipated.
VC-backed Jumei gains 10% on trading debut after $245m IPO
Jumei International Holding, a Chinese online beauty products retailer backed by several VC investors, saw its stock jump nearly 10% on its US trading debut on Friday, following a $245.1 million IPO.
China issues guidelines for capital markets reform
China’s State Council has issued guidelines for capital markets reform, covering nine directives that include promoting the private equity industry.
PE investors set for partial exits from China's JD.com
Tiger Global Management, DST Advisors, Hillhouse Capital Management and Capital Today will make partial exits from JD.com as the Chinese e-commerce firm seeks to raise as much as $1.69 billion through a US IPO.
VC-backed Tuniu shares jump on debt after $72m US IPO
Shares in Tuniu, a Chinese online package tour provider backed by DCM, Temasek Holdings, Gobi Partners and Sequoia Capital, saw its shares climb 10% on their trading debut following a $72 million IPO.
VC-backed Cheetah Mobile posts modest gain after $168m IPO
Cheetah Mobile, formerly Kingsoft Corporation’s internet security software division, ended its second day of trading on the New York Stock Exchange at a slight premium to its IPO price, following a $168 million offering.
General Atlantic to invest $150m in China's Jumei alongside IPO
General Atlantic has agreed to invest $150 million in Jumei International Holding, a Chinese online beauty products retailer that is seeking to raise up to $204 million through a US IPO.
Alibaba files for US IPO
Chinese e-commerce giant Alibaba Group has filed the registration documents for an IPO that is expected to raise more than $15 billion and could surpass Facebook as the largest tech offering in history.
GIC invests $76m in Philippines canned foods firm
GIC Private has agreed to invest PHP3.4 billion ($76.6 million) in Philippines-based canned foods distributor Century Canning Corporation (CCC). The move comes as CCC’s subsidiary, Century Pacific Foods (CNPF), prepares to go public.
RRJ, Temasek back ING insurance unit
RRJ Capital and Temasek Holdings have agreed to invest EUR1.28 billion ($1.8 billion) in NN Group (NNG), the insurance unit of Dutch lender ING Group.
PE-backed WH Group scraps HK IPO plan
WH Group, the PE-backed Chinese meat processing company that bought US pork producer Smithfield Foods, has abandoned its HK$41 billion ($5.3 billion) Hong Kong IPO.
DCM to re-up as China's Tuniu sets terms for US IPO
DCM and two Chinese strategic investors, Ctrip and Qihoo 360, will invest $35 million in Tuniu through a private placement alongside the online package tour provider’s NASDAQ IPO.
China reverse mergers: In through the out door
With China IPOs still stuttering, a number of private equity investors in need of an exit have opted to go public through reverse mergers. Is the risk-reward good enough for this to become the normal?
PE firms and IPOs – again
Fifteen months ago this space was used to pour water on the notion of Asian private equity firms going public.
PE-backed GMR Energy shelves IPO
GMR Energy (GMRE), an Indian energy firm backed by a consortium of private equity investors including Singapore sovereign wealth fund Temasek Holdings and IDFC Alternatives has withdrawn from its IPO.
PEP-owned Spotless targets $928m IPO
Spotless Group, the Australia and New Zealand-focused cleaning and catering contractor bought by Pacific Equity Partners (PEP) in 2012, is seeking to raise approximately A$1 billion ($928 million) through an IPO.
Mekong, CDH complete partial exit from Vietnam's Mobile World
Mekong Capital and CDH Investments have completed partial exits from Vietnamese mobile phone retailer Mobile World through a pre-IPO private placement. Mekong’s portion of the sale represents a 21.8x return on an investment made in 2007.
Cerberus-backed Seibu gains 11% on trading debut
Seibu Holdings, which counts Cerberus Capital Management as its largest shareholder, saw its stock rise 11% on its trading debut in Tokyo on Wednesday.