IPO
DCM, Sequoia-backed Vipshop drops 15% on NYSE debut
Vipshop Holdings, a Chinese online retailer backed by Doll Capital Management (DCM) and Sequoia Capital, saw its stock close down 15% on its March 23 trading debut. The company priced its IPO on the New York Stock Exchange at $6.50, 23% below the indicated...
Carlyle reinitiates AvanStrate IPO
The Carlyle Group has re-initiated proceedings to list Japanese LCD glass manufacturer AvanStrate, thanks to improved stock market conditions in Japan.
Reliance Communications files for Singapore IPO
The undersea cable unit of Reliance Communications has applied to list in Singapore, in a move that could raise $1-1.5 billion to help its parent company to offload its heavy debt.
Indonesian Pay-TV operator revives $400m IPO plan
PT MNC Skyvision, a unit of media group PT Global Mediacom and the largest pay TV company in Indonesia, will once again seek to raise up to $400 million via an initial public offering in June, in a bid to tap opportunities brought about by a rise in consumer...
Haitong to revive Hong Kong IPO in April
Haitong Securities, China’s second largest brokerage by assets, will once again seek to list on the Hong Kong Stock Exchange, with a fundraising target of $1.5 billion.
Kotak, ICICI, Intel-backed MCX makes solid debut
Multi Commodity Exchange of India (MCX), the first Indian exchange to get listed, had a strong debut on Friday, with its shares closing up 26% on the Bombay Stock Exchange.
Sunshine Oilsands down 4.3% on its IPO price in early trading
Canadian oil explorer Sunshine Oilsands ended its first morning of trading in Hong Kong down 4.3% on its IPO price. The sluggish performance was expected, largely due to delays in the offering process and negative income streams.
CIC, Sinopec commit $300m to Sunshine Oilsands IPO
China Investment Corp (CIC) and China Petrochemical Corp. (Sinopec) are among three cornerstone investors to pledge $350 million to Sunshine Oilsands' Hong Kong listing. The news comes a few days after the company said it would postpone its IPO to allow...
Sunshine Oilsands postpones Hong Kong IPO roadshow
Sunshine Oilsands, a Canadian oil exploration company backed by Hong Kong private equity firm Cross-Strait Common Development Fund as well as several Chinese state-owned enterprises (SOEs), is postponing its IPO roadshow to sometime next week.
BC Partners replaces Fitness First management team
BC Partners has axed the core management team of Fitness First in a bid to prevent its portfolio company sinking under the weight of its high-interest loans.
PE-backed Sunshine Oilsands prepares for Hong Kong IPO
Sunshine Oilsands, a Canadian oil exploration company backed by Hong Kong private equity firm Cross-Strait Common Development Fund as well as several Chinese state-owned enterprises, could raise up to $700 million through an IPO in Hong Kong. This implies...
John Tsang: Hong Kong as magnet for PE funds
Hong Kong has retained its status as a private equity hub, largely on the back of developments in mainland China, said Hong Kong's financial secretary John Tsang at an industry event.
US increases disclosure requirements for foreign listings
The US Securities and Exchange Commission (SEC) has introduced rules that compel foreign companies seeking US listings to file their registration documents publicly. Previously, IPO documentation remained confidential until the issuers were ready to launch...
IPO woes: Looking for an exit
With the public markets all but closed for IPOs, what other exit routes are available to investors?
China to let more SMEs list in Hong Kong
China will allow more small- and medium-sized enterprises to list in Hong Kong in what could be a game changer for private equity firms seeking overseas IPO exits for portfolio companies. The move, announced at the Asian Financial Forum in Hong Kong by...
Fourth quarter analysis: The end of multiples arbitrage?
Fourth-quarter analysis: Growth capital investments flounder; established GPs thrive in difficult markets; trade and secondary sales fail to pick up the capital markets slack.
KKR-backed Tianrui raises $124m in Hong Kong IPO
China Tianrui Group Cement, a portfolio company of private equity giant KKR, has raised HK$966.2 million ($124 million) through an IPO on the Hong Kong Stock Exchange.
Sportswear Holdings to exit Michael Kors via IPO
Sportswear Holdings, the Hong Kong-based private equity firm owned by Silas Chou and Lawrence Stroll, plans to exit its stake in Michael Kors via the company’s imminent IPO.
New China Life places at bottom of pricing range in dual listing
New China Life Insurance, which is part-owned by several private equity firms, has priced at the bottom of its range to raise $1.9 billion in its dual Hong Kong and Shanghai listing, becoming the latest player to see disappointing results in Greater China....
KKR ups stake in Far East Horizon
KKR has upped its stake in Far East Horizon, a division of Chinese trading conglomerate Sinochem Group.
SAIF Partners invests $80m in Guodian IPO
SAIF Partners has become a cornerstone investor in the IPO of Beijing-based Guodian Technology and Environment Group by contributing $80 million to the deal.
Warburg Pincus to buy $210m Haitong shares
Warburg Pincus Private Equity has agreed to buy $210 million worth of Haitong shares, thus becoming a cornerstone investor in the Chinese brokerage’s Hong Kong IPO.
SAIF invests $30m in China Polymetallic Mining IPO
SAIF Partners has agreed to buy $30 million worth of shares in China Polymetallic Mining, moving the firm toward its goal to raise up to $163 million through an IPO.
IPO of the Year – Yonghui Superstores
William Shen, Head of Greater China for Headland Capital Partners, speaks to AVCJ about working on Asia’s most exciting IPO of the year.