IPOs in Asia

Political tensions fail to shake HKEX from IPO top spot

Pharmaceutical company Hansoh ranked first among Asia's largest IPO by value in June according to data from Dealogic.

Despite the political tensions, the Hong Kong Stock Exchange had a red-hot month for initial public offerings in June. The value of Hong Kong IPOs in June hit $2.8 billion, a six-month high. 

Hong Kong bagged five out of ten largest IPOs in Asia in June, while Shanghai and Shenzhen had two each. 

Among all of the Asian IPOs, Hansoh Pharmaceutical Group topped the list with its more than $1 billion initial public offering last month.

The listing of Hansoh caught people's attention as Zhong Huijuan, its chairwoman, is the wife of Jiangsu Hengrui Medicne chairman Sun Piaoyang. Hansoh's Hong Kong IPO made them the first couple to operate two listed pharmaceutical companies respectively.

The charts below are compiled using data from Dealogic as of June 31.

Top 10 IPOs across Asia in terms of deal size in June

Among the ten biggest IPOs in Asia last month, Maxscend Microelectronics more than doubled its stock price after listing on Shenzhen Stock Exchange's ChiNext board on June 18. Maxscend provides radio chips to mobile telephone manufacturers such as Xiaomi and Samsung.

Share price performance since debut in descending deal size

With the help of the Hong Kong listings of Hansoh Pharmaceutical and Jinxin Fertility, healthcare is the top sector for Asian IPOs in June. The total deal value of healthcare IPOs has doubled year-on-year last month. In comparison, the deal value of traditional sectors such as real estate and finance has shrunk.

Sector Comparison

 

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