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  1. As floats sink slowly in the East

    Posted May 07th 2012, 12:00am

    ... Philippe Espinasse moneypost@scmp.com Much talk of late has been about the decline of the Hong Kong market for initial public offerings. The volume of new listings is down. The local IPO ... as to be priced. Even worse, many IPOs that successfully close keep trading in the red. Only four IPOs have raised more than US$100 million equivalent in Hong Kong so far this year. Three of those ...

  2. Xiao Nan Guo reheats IPO at lower offering price

    Posted Jun 21st 2012, 12:00am

    ... Anita Lam anita.lam@scmp.com Mainland restaurant chain Xiao Nan Guo Restaurants Holdings revived its initial public offering (IPO) yesterday, saying market sentiment had improved. ... a new set of financial statements. Xiao Nan Guo, which withdrew its IPO last September amid weak market conditions, lowered its offering price to a fixed rate at HK$1.50, allowing it to raise ...

  3. Unfazed mainland firms plan IPOs in HK

    Posted Jun 28th 2012, 12:00am

    ... the volatile climate. Polymetallic mining company Wanguo International Mining Group plans to raise up to HK$315 million through an IPO to fund expansion aimed at increasing both its mining ... reserves through the acquisition of new mines,' said Gao Mingqing, the company's chairman and chief executive. The miner plans to pump 75 per cent of the IPO proceeds into expanding ...

  4. Postal bank scandal kills mega IPO hopes

    Posted Jun 14th 2012, 12:00am

    ... reality: the deal may be put on ice for a long time. PSBC, the seventh-largest lender on the mainland, had been expected to do an initial public offering of shares (IPO) through a listing in Hong ... (pictured), the bank's president, and at least two of his colleagues at the institution and its parent company on suspicion of having committed economic crimes, has nixed the IPO plan, according ...

  5. Mid-tier banks to tap markets for 100b yuan

    Posted Mar 14th 2011, 12:00am by Staff Reporter

    ... conducted a dual Hong Kong-Shanghai IPO last July, raising a combined US$22.1 billion to set a new world record for IPO proceeds. But while the big Chinese banks have said they will not raise ... and Guangdong Development Bank have been actively seeking IPOs to replenish capital. 'For Bank of Shanghai, an IPO is necessary since we won't be able to meet the regulator's requirement ...

  6. Working harder for smaller deals that bear less fruit

    Posted Jul 09th 2012, 12:00am

    ... and the portions are so small.' This neatly sums up initial public offering (IPO) bankers' first half: markets are challenging and brokers are working harder to sell smaller deals for less fee ... equivalent in the first half, according to data published by Thomson Reuters. That computes into a whopping 62 per cent drop in IPOs in dollar terms compared with the same period last year, a decline ...

  7. IPO pricing seen to fall next year as gloom persists

    Posted Dec 30th 2011, 12:00am

    ... May Chan may.chan@scmp.com Companies launching initial public offerings (IPOs) next year are expected to price them lower as uncertainties about Europe's debt crisis ... listings in Hong Kong have been trading below their offering price. Australian miner Glencore, the biggest IPO this year, fell more than 28 per cent below its offering price yesterday. Italian ...

  8. Drug firm IPO set to be one of biggest ever

    Posted May 06th 2011, 12:00am

    ... State-owned Shanghai Pharmaceuticals Holding said its Hong Kong initial public offering launched today, aimed at raising more than HK$15 billion, could become the second-biggest health-care and pharmaceutical offer in the world in the past five years. � ...

  9. Hilong's HK$1.22b IPO goes back on the market

    Posted Apr 12th 2011, 12:00am

    ... the company made its first IPO attempt. This time, the company lowered its maximum share price target from HK$3.7 per share to HK$3.27 per share while the minimum price was set at HK$2.50. Hilong aims ... It is the mainland's largest, and the world's second-largest, manufacturer and service supplier of drill pipes, based on its 2009 sales figures. Hilong made its first IPO attempt on March 11, but halted ...

  10. Record year for IPOs could be topped in 2011

    Posted Dec 29th 2010, 12:00am by Lulu Chen

    ... in 2011. But analysts said the real action will not start until after the holiday season. First quarters are generally slow periods for IPOs as many companies need to complete the annual auditing ... the momentum. 'We expect the second half to outperform the first,' said Choi. 'In the last two years, the last quarter has always been the most active for IPOs.' Ernst & Young ...




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