Real estate back on investors' radar

Blackstone-backed Reit in India was the biggest IPO in Asia in March.

Hong Kong was Asia's top IPO destination by deal count in March, with three listing including China Risun Group, Koolearn Technology and CanSino Biologics, while that of Shanghai Dongzheng Automotive Finance was pushed back.

But Bombay Stock Exchange scored the biggest deal in March as Embassy Office Parks Reit's $689 million deal, which only started trading on April 1.

The Blackstone-backed Reit and Japan's Sankei Real Estate propelled the real estate sector to the top in terms of deal value. 



Top 10 IPOs in terms of deal size in March

Although having successfully listed on the Hong Kong Stock Exchange, Koolearn's chairman Yu Minhong thought it might have been better if the company lists on Shanghai's proposed technology innovation board. "Then we wouldn't come to Hong Kong," Yu said.

Share price performance since debut in descending deal size

Hyundai Autoever, an automobile trading platform under Hyundai Motor Group, ranked first on its share performance among Asia IPOs last month. Its shares are up about 80% from its debut price of W48,000.

Sector Comparison

Depsite falling slightly from March last year, real estate still topped among all categories by deal value. The fundraising frenzy in the finance sector cooled down this March as total volume shrank heavily comparing to last year.

¬ Haymarket Media Limited. All rights reserved.
Share our publication on social media
Share our publication on social media