IPO
NDRC stops registering domestic private equity funds
The National Development and Regulatory Commission (NDRC) is said to have stopped registering for domestic private equity funds, having lost out to the China Securities Regulatory Commission (CSRC) in the battle to become the asset class' preeminent regulator....
Shenzhen lottery site 500wan.com eyes $150m US IPO – report
Chinese venture capital-backed local lottery website 500wan.com plans on raising at least $150 million through an IPO in the US later this year.
Sequoia-backed Quick Heal targets India IPO
Sequoia Capital-backed Quick Heal Technologies (QHT), an Indian security software-maker, expects to file its draft red herring prospectus and begin the formal listing process next year.
China's 58.com plans for $100m IPO in the US - report
Chinese venture capital-backed local classifieds website 58.com intends to raise at least $100 million through a US IPO later this year.
PE firms eye exit as Trimax IT Infrastructure files for IPO
India’s Trimax IT Infrastructure plans to go public, facilitating a partial exit for PE backers Aditya Birla Private Equity (ABPE), Zephyr Peacock India and BanyanTree Growth Capital.
Nomura, Next Capital-backed Ashikaga files for IPO - report
Ashikaga Holdings, which is backed by Nomura Financial Partners and Next Capital Partners, has applied to list on the Tokyo Stock Exchange (TSE) for what could be a $1 billion IPO.
PE-backed OzForex considers IPO - report
OzForex, an Australian online foreign exchange platform backed by The Carlyle Group, Accel Partners and Macquarie Group, is said to be considering an IPO that could raise around A$500 million ($643 million).
MBK considers IPO for Taiwan's CNS – report
MBK Partners is reportedly considering an IPO for China Network Systems (CNS), Taiwan’s largest cable TV and broadband provider, in place of a longstanding trade sale agreement that has yet to materialize amid regulatory concerns.
First Reserve-backed KrisEnergy jumps 5% on Singapore debut
KrisEnergy, the Southeast Asia-focused oil and gas exploration and production (E&P) company which counts First Reserve among its investors, rose 5% on its trading debut in Singapore on Friday. The stock closed at S$1.155 after reaching an intra-day high...
Shuanghui plans HK IPO after Smithfield deal - report
China’s Shuanghui International - which is backed by CDH Investments and Goldman Sachs - intends to list US pork producer Smithfield Foods on the Hong Kong stock exchange following its planned takeover.
China's PE-backed Cloudary withdraws US IPO
Cloudary, an online literacy platform controlled by Chinese internet company Shanda Interactive Entertainment, has withdrawn its US IPO, which expected to raise $200 million. The move came after the company raised $110 million from Goldman Sachs and Temasek...
First Reserve-backed KrisEnergy to raise $213m in IPO
Southeast Asia oil and gas exploration and production (E&P) company KrisEnergy, which counts First Reserve among its investors, is expected to raise S$270.8 million ($213 million) through its Singapore IPO.
Goldman, Temasek invest $110m in Shanda's Cloudary unit
Goldman Sachs and Temasek Holdings have committed $110 million for a minority stake in Cloudary, an online literacy platform controlled by Chinese internet company Shanda Interactive Entertainment.
Blackstone set for partial exit as Emcure Pharma files for IPO
The Blackstone Group will make a partial exit from its 2006 investment in India's Emcure Pharmaceuticals as the company targets a INR3 billion ($50.4 million) IPO.
Warburg Pincus-backed India coal washery firm re-files for IPO
Warburg Pincus is set for a partial exit from ACB, a provider of coal beneficiation services, after the company re-filed a draft red herring prospectus (DRHP) for an IPO. It hopes to raise INR4.15 billion ($69.4 million).
Yonyou Software sells RayooTech stake to Shenzhen Fortune ahead of IPO
China’s Yonyou Software will sell its entire 18.73% stake in Beijing RayooTech company for RMB75.37 million ($12.26 million) to Shenzhen Fortune Venture Capital. This comes ahead of an expected IPO for RayooTech.
ChrysCapital-backed Intas Pharma files for IPO
ChrysCapital Partners will exit the 10.16% stake held by Fund III in Ahmedabad-based formulations maker Intas Pharmaceuticals via an upcoming IPO. Another 6.25% stake will continue to be held by the PE firm's fifth fund.
No timetable for re-opening China IPOs – regulator
The China Securities Regulatory Council (CSRC) said it doesn’t have a timetable for resuming IPOs, in response to media reports on last Tuesday that new shares could be listed in July.
Carlyle, Seven to retain ownership of Australia's Coates Hire
The Carlyle Group and Seven Group Holdings have decided against pursuing an exit from Australian equipment-leasing business Coates Hire following a strategic review. The co-owners said they remain fully committed to growing the business.
Carlyle-backed New Century REIT targets $254m HK IPO – report
China’s New Century Group, a portfolio company of the Carlyle Group, is seeking to raise as much as $254 million through an IPO offering by a real estate investment trust (REIT) in Hong Kong.
China's Jiuding committed to pre-IPO strategy
China pre-IPO specialist Kunwu Jiuding Capital will not change its strategy despite a slump in listings - and exit multiples - before domestic regulators slammed the door on new share offerings completely towards the end of last year.
Orix, Perigon to make partial exits from Air Asia X via IPO
Orix Corp. and Perigon Advisory will make partial exits from regional budget carrier AirAsia's long-haul subsidiary through an IPO that is targeting up to $370 million.
Morgan Stanley-backed Hyundai Rotem gets green light for IPO
Hyundai Rotem, a South Korean railway vehicle manufacturer backed by Morgan Stanley Private Equity Asia (MSPEA), has received approval to list on the Korea Stock Exchange. It will likely be the country’s largest share offering so far this year and the...
China IPOs: Different this time
There are signs that the China listings logjam is gradually becoming unstuck, sowing seeds of hope for PE equity and VC investors fielding awkward questions from LPs about liquidity horizons. But markets are unlikely to bounce back to their former highs...