Chinese online stockbroker Up Fintech has raised US$104m from a Nasdaq IPO after pricing the shares above an indicative range, at US$8.00 each.
Shanghai Dongzheng Automotive Finance has confirmed in an announcement it plans to re-launch a smaller IPO next week.
Warburg Pincus is selling 49.6m shares in Vincom Retail to raise D1.7trn–D1.8trn (US$75m–$78m). Shares are being offered through an accelerated bookbuild in a D35,100–D36,550 range, according to a term sheet.
RBC Capital Markets has poached Karen Jorritsma from Citigroup to run its equities sales and trading business in Australia.
Shanghai Dongzheng Automotive Finance is planning to cut the size of its Hong Kong IPO after the original deal failed to generate enough demand, according to people close to the deal.
Shenwan Hongyuan Group, a Shenzhen-listed Chinese brokerage, said it has been approved by the China Securities Regulatory Commission to launch an IPO in Hong Kong.
Aarti Industries has raised Rs7.5bn (US$109m) from an upsized qualified institutional placement of primary shares priced at Rs1,397, according to people with knowledge of the transaction.
US alternative investment firm Castlelake is tapping Asian lenders for a US$685.1m non-recourse aircraft financing to fund the purchase of aircraft from Malaysia’s flagship budget airline AirAsia.
MAP Aktif Adiperkasa (MAP Active), an Indonesian sports goods retailer backed by CVC Capital Partners, plans to start pre-marketing for a US$200m–$400m IPO this week, people with knowledge of the transaction have said.
Three more Chinese companies have joined the queue to list on the Shanghai tech board aimed at high-tech and strategically emerging sectors.
Top Stories from this week's IFR Asia magazine
Friday 1600 Hong Kong / Friday 0900 London
In a world where banks have been beaten down by fines regularly running into the billions of dollars or euros, it is tempting to write off Hong Kong’s US$100m of penalties against four IPO underwriters as small-fry. The message they send, however, is significant.
Real estate owners are having a tough time in the capital markets, but the REIT product still has a lot to offer for those who can get it right.
Efforts to expand the market for real estate investment trusts across Asia suffered a setback last week as South Korea’s biggest listing of its kind fell through and India’s first deal launched with a smaller target than expected.
Australian hospital operator Healthscope is back in the leveraged finance market with a A$2.15bn (US$1.52bn) loan backing its second take-private buyout in less than a decade.
Beleaguered Indonesian property company Lippo Karawaci is looking to put its recent problems behind it with a combination of equity raising and asset sales to cut debt.
Massive supply of state-backed bonds supporting off-balance-sheet government expenditure ahead of India’s elections is threatening to crowd out private-sector borrowers, counterbalancing a recent cut in official interest rates.
United Overseas Bank ended a long wait for Singapore’s first Panda bond last week, raising Rmb2bn (US$298.2m) from a three-year offering that was mostly sold to international investors.
China Orient Asset Management (International) Holding (COAMI) drew a massive order book of around US$18.3bn for its US$700m dual-tranche bond offering last week, replicating the investor frenzy that its peer China Cinda Asset Management stirred up last month for a US$1bn deal.
The New Zealand Local Government Funding Agency set a domestic record last week with its first syndicated bond sale, raising NZ$1bn (US$680m) from an enlarged five-year offering.
ASX-listed real estate investment trust Dexus raised A$425m (US$300m) from a seven-year put five exchangeable bond last week, but had to reoffer the deal below par to address investor concerns over the pricing.
Guorui Properties ended uncertainty over its ability to meet a looming bond repayment last week with a reopening of a high-yield bond sold less than three weeks earlier.
Dai-ichi Life Holdings priced Japan’s first domestic public offering of perpetual subordinated bonds from an insurance company last Wednesday, drawing strong demand from regional Japanese investors as it benefited from name recognition and a 1%-plus yield.
Hong Kong’s securities regulator has suspended UBS from sponsoring IPOs for one year and fined it and three other banks a total of HK$786.7m (US$100m), in an unprecedented step by the city’s chief watchdog to clamp down on sub-standard sponsorship work.
The US Federal Reserve banned former Goldman Sachs bankers Tim Leissner and Ng Chong Hwa, also known as Roger Ng, from any involvement in the banking industry for their role in the theft of billions of dollars from the Malaysian sovereign wealth fund.