Spin-off IPOs start to look like a trend

Pre-marketing gets under way for SMC Global Power in the Philippines and Parkson Retail Asia in Singapore, while Noble Group plans for a separate listing of its agricultural business.

One positive day certainly doesn’t make a stable market, but the many listing candidates in the Asian pipeline must have felt some relief yesterday as the recent equities sell-off gave way to at least one session of sizeable gains.

After five straight days of losses, the Singapore Straits Times Index added 2.9%, and in Hong Kong, where markets were closed on Wednesday, the Hang Seng Index rallied 5.7%. The gains, prompted by an improved outlook for exporters in the wake of better-than-expected US data and a growing belief that European leaders will come up with a solution to the debt crisis, sparked renewed hopes that the fourth quarter may turn...

¬ 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