Tag: ipo

China-based Hanting Inns and Hotels is aiming to raise up to $110 million ahead of a Nasdaq listing, while facade specialist Far East Global is seeking up to $79 million from a ... Man Wah, which was listed in Singapore until last year and generates almost half of its earnings from the US, is looking to China for its next growth driver. The Chinese car dealer decides to sell a smaller portion of its enlarged share capital at this time, believing that the stock will command a higher valuation in the long term, ... The deal is priced below the initial range even though the withdrawal of AIA's planned IPO is said to have resulted in increased interest for the Korean life insurer. Bankers blame the current market conditions for Zhongsheng's decision to postpone the deal, but analysts say lofty price expectations by the issuer also played a role. Asian Bamboo CFO Peter Sjovall talks about his company's evolving cash management needs. The agreed merger takes bankers and investors by surprise and may leave Hong Kong without a flagship IPO this year. Chinese authorities have shown a strong will to tighten capital markets by raising reserve requirement ratios twice in a month, but specialists say it's an insufficient effort. IPOs are expected to continue despite the bumpy markets, but analysts say listing candidates will need to either reduce their target sizes or offer discounted prices. Power sector financing company Rural Electrification Corp will be the second issuer to use a French auction, although the auction has been modified to allow investors to lower ... Korea's second largest life insurer seeks to raise up to $2 billion and grab a first-mover advantage over industry leader Samsung Life, which is expected to follow with its own ... The Chinese provider of nutritional supplements and health-food products raises $116 million after pricing the deal above the bottom of the range. The securities firm prices its Shanghai share sale at the bottom of the indicated range, but still achieves the largest A-share IPO so far this year. China First Heavy prices its $1.67 billion Shanghai IPO below the top of the indicated range, becoming the first company to do so since China lifted its ban on IPOs last July. The deal for China SCE Property comes together despite encountering headwinds during marketing, including a falling secondary market. The company, which owns the franchise for the Century 21 brand in China, raises $87.4 million after pricing its US IPO at the bottom of the reduced price range. Chu Kong Pipe seeks capital to expand its production. Meanwhile, China Oil and Gas tapped the market for $80 million last night through a top-up placement at a 16.7% discount. The size of the offering is cut by more than half as the global equity environment deteriorates, but the remaining deal is well-covered. The Chinese coal mining equipment maker will use the money to fund potential acquisitions and other investments to enhance its production capacity. Russian aluminium company Rusal raises $2.24 billion, while Mongolia-based coal producer SouthGobi pockets $373 million from a separate share sale, broadening the geographies ...