Block trades

Investors and banks turn their attention to block trades

The volume of accelerated offerings reaches a record level as existing shareholders secure profits and investors are attracted to the fact that these deals come with far less market risk than IPOs.
<div style="text-align: left;">
HKEx: where big IPOs have been in short supply recently (AFP)
</div>
<div style="text-align: left;"> HKEx: where big IPOs have been in short supply recently (AFP) </div>

It has been a tough year so far for Asian IPOs, even if the pricing last week of IHH Healthcare’s $2 billion offering did improve the data somewhat. A large number of deals have been pulled or postponed and, aside from the largest new listings Haitong Securities in Hong Kong, Felda Global Ventures in Malaysia and IHH in Malaysia and Singapore, many of the deals that have crossed the line have been bought primarily by corporate and strategic investors. Financial institutions are not really participating, and if they do it is in small sizes.

The uncertainty about what will happen to the eurozone and signs of slowdowns in...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222