Star Petroleum IPO rises out of antitrust concerns

Thailand’s state-owned energy giant sold a 30.6% shareholding for $315 million, while Star Petroleum raised a further $50 million from the sale of new shares.

Through the Hong Kong IPO of its sportswear division, China’s largest shoe retailer will show the world how much it has transformed its vast retail network with the power of digital technology.

The Chinese video game streaming site filed its listing application shortly after Beijing resumed review of new game applications and will need to show how it plans to monetise the business.

It may not be as famous internationally as Red Bull but energy drinks group Osotspa is Thailand's oldest consumer products company and it plans to raise as much as $460 million.

With its online ticketing business Maoyan Entertainment looking to raise $345 million from its IPO, Tencent is set to go head-to-head against Alibaba on the Hong Kong stock exchange.

As PTT prepares to spin-off its oil and retail arm, Thai IPOs are shaping up to raise more money in 2019 than in 2017 and 2018 combined.