Pre-marketing activities signal busy month for IPOs in Asia

Australian mining companies Resourcehouse and Galaxy Resources are among the growing line-up of issuers looking to list in Hong Kong, Singapore or New York before the end of the first quarter.

A wave of pre-marketing activity during the past few trading days suggests that the quiet start to the year could be over for Asia’s equity capital markets.

Only three issuers raised more than $100 million during February, but a number of companies are now ready to launch initial public offerings. On Monday, Hutchison Port Holdings Trust HPH Trust announced an IPO that could raise as much as $5.8 billion and Perennial China Retail Trust PCRT started bookbuilding an $862 million offering last Friday, with both business trusts aiming to list in Singapore. The pickup in activity should help to end the first quarter on a strong note.

...

¬ 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