IPO
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.
PE-backed WH Group to scale back Hong Kong IPO
WH Group, the PE-backed Chinese meat processing company that acquired US pork producer Smithfield Foods, is set to reduce the size of its Hong Kong IPO size and delay pricing of the deal.
VC-backed Chukong files for US IPO
Chukong Holdings, a Chinese mobile game developer backed by several VC investors, is planning to raise up to $150 million through a US IPO.
Asia PE fundraising slows to $6.6b in first quarter
Asia private equity fundraising came to $6.6 billion in the first quarter of 2014, according to provisional data released by AVCJ Research, down from $9.7 billion in the final three months of 2013.
VC-backed China cosmetics retailer Jumei targets $400m IPO
Sequoia Capital investee Jumei International Holding, which claims to be China’s leading online retailer of beauty products, is seeking to raise up to $400 million through a NASDAQ IPO.
Australia's PE-backed IPOs outperform wider market - study
Private equity-backed IPOs in Australia have out-performed comparable non PE-backed listings over both short- and long-term horizons, according to a new study.
Cerberus refuses to sell shares in Seibu IPO
Cerberus Capital Management pulled out of the Tokyo IPO of Japanese railway and hotel operator Seibu Holdings after the conglomerate slashed the estimated price of the offering by as much as a third.
PE-backed WH Group targets $5.3b in HK IPO
WH Group, the PE-backed Chinese meat processing company that acquired US pork producer Smithfield Foods, is planning to raise as much as HK$41 billion ($5.3 billion) through a Hong Kong IPO.
PE-backed iKang Healthcare jumps 8.6% on US debut
Shares in iKang Healthcare Group – the Chinese healthcare services provider whose backers include GIC Private, Goldman Sachs and NewQuest Asia – climbed 8.6% on their NASDAQ trading debut following a $153 million IPO.
PE-backed Digital Horizon to list via reverse merger
Beijing Digital Horizon Technology, a Chinese mobile social networking service (SNS) provider backed by Infinity Group and other VC investors, intends to list on the Shenzhen Stock Exchange through a reverse merger with Hangzhou New Century Information...
Mekong, CDH set for partial exits from Vietnam's Mobile World
Mekong Capital and CDH Investments will make partial exits from Mobile World, Vietnam’s largest mobile phone retailer, when the company lists on the Ho Chi Minh exchange in June with an expected valuation of up to $280 million.
Portfolio: CDH, Mekong and Mobile World
Early investor Mekong Capital and recent addition CDH Investments have guided Mobile World through rapid growth and growing pains. Now the Vietnam-based mobile phone retailer is about to go public
VC-backed Chinese package tour platform files for US IPO
Tuniu, a Chinese online package tour provider backed by DCM, Temasek Holdings, Gobi Partners and Sequoia Capital, is seeking to raise up to $120 million through a US IPO.
SAIF-backed Indian retail platform HomeShop18 files for US IPO
HomeShop18, an Indian television shopping network and online market place backed by SAIF Partners and OCP Asia, has filed to go public on the New York Stock Exchange.
Kingsoft commits $90m to VC-backed file-sharing service Xunlei
Chinese software developer Kingsoft Corporation will invest $90 million in Xunlei, a file-sharing service backed by a string of VC firms including Morningside Technologies, IDG Ventures and Ceyuan Ventures.
A tale of two markets
“The IPO market around the world is inherently a cyclical entity and it is unwise and unrealistic to expect it to always be open,” H. Chin Chou, CEO of Morgan Stanley PE Asia, told an AVCJ webinar last year. “At some point the market will come back and...
NewQuest, GIC set for partial exits from China's iKang
NewQuest Capital Partners and GIC Private will each make partial exits from iKang Healthcare Group as the Chinese healthcare services provider looks to raise up to $175 million through a NASDAQ IPO.
Sequoia-backed Baioo Family launches HK IPO
Baioo Family Interactive, a children's online game developer backed by Sequoia, has launched its Hong Kong IPO, seeking to raise between $200 million and $250 million.
Baring Asia-backed Nord Anglia raises $304m, jumps on debut
Nord Anglia Education, a school operator controlled by Baring Private Equity Asia, saw its shares close up 12.5% on the first day of trading on the New York Stock Exchange. This followed an IPO that raised $304 million.
Harbin Bank prices $1.1b IPO near bottom of range
China’s Harbin Bank is set to raise $1.1 billion from its Hong Kong IPO after pricing shares at the bottom of the indicative range. CITIC Capital is one of seven cornerstone investors in the offering.
Shares in INCJ's Japan Display fall two days straight
Japan Display - the world's biggest maker of screens for tablets and smart phones and a portfolio company of Innovation Network Corporation of Japan (INCJ) - saw its stocks fall for two days in a row this week after following its JPY318.5 billion ($3.1...
Jafco-backed Fixsters, Shirohato file for Tokyo IPOs
Japanese venture capital investor Jafco will see two portfolio companies - software firm Fixstars and online lingerie retailer Shirohato - launch their Tokyo IPOs on the same day next month.
Cerberus-backed Seibu eyes April Tokyo listing
Japanese railway and hotel operator Seibu Holdings is targeting a JPY186 billion ($1.8 billion) IPO in Tokyo next month, potentially ending a three-year battle between the management and shareholder Cerberus Capital Management.
CITIC Capital among cornerstones for Harbin Bank IPO
CITIC Capital is one of seven cornerstone investors that will cover 43% of Harbin Bank’s Hong Kong IPO, which is expected to raise up to HK$10.1 billion ($1.3 billion), although subscriptions to the offering have reportedly been delayed due to concerns...