Regional holidays dampen IPO activity

Chinese New Year around the region saw IPO numbers drop off dramatically from January, with only 10 listings taking place throughout February.

With much of the region enjoying Chinese New Year, Tokyo stock exchange took the lead in February, with three listings during the month, including Escon Japan REIT Investment Corp’s $174 million offering on February 4.

The largest deal in February was Qingdao Rural Commercial Bank Corp’s $325 million offering on February 22, which has yet to trade.

Meanwhile, Chalet Hotels of India’s $230 million offering kick-started the IPO year in India.

Top 10 IPOs in terms of deal size in February

Maoyan Entertainment, which made its $250 million debut on the Hong Kong stock exchange late January, is currently trading slightly above its issue price at HK$12.98. 
Share price performance since debut in descending deal size
Shenzhen Capol International, a Shenzhen based professional services firm, was the star performer this month, with its shares rocketing by over 70% from its debut price of Rmb 10.50.
Sector Comparison
As in January, numbers of deals and deal size are down on last years figures, with financials and real estate deals being especially hit hard by the shortened month and new year in China.
(The sector comparison includes all deals announced before February 28 but may not necessarily be trading as of March 1)  
¬ Haymarket Media Limited. All rights reserved.

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