IPO

IHH raises $2b from IPO, Abraaj Capital exits

IHH Healthcare, the hospital operator owned by Malaysian sovereign wealth fund Khazanah Nasional, has raised MYR6.3 billion ($2 billion) from its IPO after pricing the offering near the top of the indicative range. Abraaj Capital fully exited its holding...

Q2 analysis: Private equity goes public

Second-quarter analysis: Low public market valuations create investment opportunities; China fundraising slows; private equity firms perform cornerstone role in Asia IPOs.

Saban, Creador anchor $228m MNC Skyvision IPO

Saban Capital Group and Creador Capital have acted as anchor investors in the IPO of MNC Skyvision, the largest pay TV company in Indonesia. The company, which began trading on the Indonesia Stock Exchange on Monday, raised IDR2.15 billion ($228 million)...

PE-backed China Yongda returns with scaled down IPO

China Yongda Automobile Services has re-launched its IPO a month after pulling out of the Hong Kong listing due to weak market demand. The company has reduced its price to HK$6.60 per share, down from a range of HK$7.60-10.80, and cut the size of the...

Milestone backs China restaurant chain IPO

Milestone Capital Partners has agreed to become a cornerstone investor in Chinese restaurant chain Xiao Nan Guo’s Hong Kong IPO. The company is looking to sell 341.25 million shares at HK$1.50 to raise HK$511.5 million ($65.9 million). A Milestone subsidiary...

Indonesian pay-TV operator targets $260m IPO

PT MNC Skyvision has reduced the fundraising expectations for its IPO this summer from $400 million to $260 million. Saban Capital Group was previously reported to have expressed interest in becoming an anchor investor.

CVC-owned Formula One delays Singapore IPO

CVC Capital Partners' portfolio company Formula One Group has delayed its $3 billion Singapore IPO due to choppy market conditions. It is the fifth major listing to be pulled or delayed in Asia over the past week alone.

Nomura plans Ashikaga IPO

Nomura is planning to sell shares of regional bank Ashikaga in an initial public offering (IPO) on the Tokyo Stock Exchange as early as December. The bank may trade at a market value of JPY200 billion ($2.5 billion) to JPY300 billion.

Baring backs Yongda Auto IPO

Baring Private Equity has become a cornerstone investor in the IPO of China Yongda Automobile Services, the number-one BMW dealer in China. The company could raise up to $435 million through a listing in Hong Kong.

China securities regulator to rein in IPO pricing

The China Securities Regulatory Commission (CSRC) has revised guidelines on new share issuance, requiring the selling party to disclose additional and detailed information if it prices its IPO at a price-to-earnings (P/E) ratio 25% higher than the average...

PE-backed Ratnakar Bank targets IPO in 2014

Ratnakar Bank, a Kolhapur-based lender that received $157 million in private equity funding last year, plans to launch an IPO within two years. It is part of a wider transformation of Ratnakar into a nationwide operator providing end-to-end services.

ChrysCapital no fair-weather friend to Intas

Back in 2005, the principal concern for much of India’s rural population was where their next meal was going to come from. Over the past seven years, however, the spoils of rapid economic growth have trickled down through the social strata. Rural residents...

CDIB sees 3x return on game developer deal

Online gaming is one of the fastest-growing segments in the tech sector. Global revenues reached $15.7 billion in 2010 and are expected to top $29 billion within four years. CDIB Capital is one of many private equity players to profit from this growth.

Edelweiss-backed CSB to float

Catholic Syrian Bank (CSB), the Indian institution backed by Edelweiss Capital, AIF Capital, Gartmore Private Equity and Siguler Guff, plans to launch an IPO by September.