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  • Dec 21, 2014
  • Updated: 12:17pm

Initial Public Offering

China IPOs: still not ready for prime time

China Galaxy Securities (CGS) raised US$1.1 billion from their IPO, about 20 per cent less than the upper limit of what they previously hoped to raise. Photo: Reuters

Everyone is hailing the success of two massive China IPOs this week that seems to herald a new uptick in the moribund sector, with relatively strong debuts for offerings from Galaxy Securities and Sinopec Engineering. But I'm going to go ahead and play the contrarian.

Thursday, 23 May, 2013, 10:29am

Video: High praise for Dog or Darling videos offering IPO advice

Mark Laudi, executive editor, Investor Central

A Singapore-based research company, Investor Central, has won the highest award at the Asian Publishing Convention for best content for its online videos that offer investment advice on initial public offerings.

As its name implies, the Dog or Darling programme tells users whether to buy shares in an IPO.

13 Dec 2012 - 11:22am

PICC jumps in debut trading, lifted by strong retail demand

Retail investors are flocking to PICC, believing that its strong arranger base and substantial cornerstone investors should help the share price to outperform. Photo: Bloomberg

Shares of Chinese insurer PICC rose sharply on its debut on Friday as retail investors flooded in to speculate after Hong Kong's biggest IPO in two years.

7 Dec 2012 - 5:41pm

KPMG bullish on growth prospects

Michael Andrew

Accounting giant KPMG has slowed new hiring but continues to diversify its business lines.

20 Aug 2012 - 4:51am

CSRC gives priority to western region IPOs

An investor at a brokerage in Nanjing passes the time playing cards - he may soon have more firms from the mainland's west to invest in. Photo: Xinhua

The mainland securities regulator is giving priority to 75 companies based in western provinces for market listing, in a move to boost the underdeveloped hinterland.

15 Aug 2012 - 1:33am

Ray of hope for long-suffering B-share investors

The nation's securities regulator is taking an initial step towards ironing out the festering issue of the B-share market, offering beleaguered investors a ray of hope after a decade of waiting.

5 Oct 2012 - 7:02pm

Machinery giant's IPO on track after ruling

First Tractor, the mainland's largest agricultural machinery maker, is pushing ahead with its 1.15 billion yuan (HK$1.35 billion) initial public offering today after the securities regulator dismissed fears that it would weaken the market.

17 Jul 2012 - 12:00am

Working harder for smaller deals that bear less fruit

An old joke tells of two matrons having lunch at an expensive restaurant. One lady says: 'The food is so bad.' The other says: 'Yes, 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 income.

9 Jul 2012 - 12:00am

Auditors chop IPO forecasts amid euro woes

Auditors are slashing their forecasts for initial public offerings in Hong Kong this year as the euro-zone crisis continues to cast a pall over mega-size issuers.

PricewaterhouseCoopers (PwC) yesterday cut its 2012 IPO forecast by almost half to between HK$100 billion and HK$150 billion raised through 80 to 90 deals.

4 Jul 2012 - 12:00am

Russian IPO fizzle shows limit of HK global plan

A little noticed event took place last week in the cosy world of investment banking, when Russian (and emerging markets) firm Renaissance Capital called it quits, closing its offices in both Hong Kong and Beijing after only two years on the ground in Asia.

2 Jul 2012 - 12:00am

China's 'Amazon' to delay I.P.O.

Jingdong Mall's on-again, off-again stock market listing is off - again.

The mainland's top online retailer, often dubbed China's Amazon.com, is postponing its planned initial public offering of shares on Nasdaq in the United States, aimed at raising about US$5 billion.

21 Jun 2012 - 12:00am

Xiao Nan Guo reheats IPO at lower offering price

Mainland restaurant chain Xiao Nan Guo Restaurants Holdings revived its initial public offering (IPO) yesterday, saying market sentiment had improved.

But the fast-growing company has cut its planned fund-raising size by one-fifth to boost its attractiveness.

21 Jun 2012 - 12:00am

Carat and the shtick

Graff Diamonds, a high-end jeweller, was supposed to have turned around Hong Kong's moribund initial public offering market. It was not to be. Instead, the company pulled its US$1 billion-equivalent listing on May 30, piling more disappointment on an already massively downbeat market.

What went wrong?

11 Jun 2012 - 12:00am

Automotive firm to push through HK$264m IPO

A small automotive firm is hoping to succeed where a high-profile London jeweller failed last week by pushing ahead with a share offering amid a market downturn.

Its global bookrunner says it will keep pricing on the low side to attract investors.

6 Jun 2012 - 12:00am

Energy and growth drive listing

Inner Mongolia Yitai Coal (which is quite a bit of a mouthful) has started investor education for its IPO of up to US$1.5 billion equivalent in Hong Kong.

If successful, it would become the first B-share entity to list in Hong Kong.

4 Jun 2012 - 12:00am

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