cornerstones

The Singapore-based business space Reit goes ahead without cornerstones but is covered at the top after the first three days. Meanwhile, Indonesian industrial estate owner Deltamas is trying to restructure its IPO after demand falls short.

The engineering and utility company sets the price at the top of the range and allocates the majority of the institutional tranche to domestic investors.

Upstream oil and gas company KrisEnergy will open the order books for a Singapore IPO of up to $215 million after Keppel increases its stake and agrees to participate in the $80 million cornerstone tranche.

The Malaysia-based hospital operator prices the deal near the top of the range, and the institutional tranche is more than 130 times covered.

The Inner Mongolia-based coal producer and Yongda Auto succeed in getting their deals done, but jittery market sentiment leads to weak retail investor participation.

The Malaysia-based hospital operator has signed up 22 cornerstones and is on course to become the third-biggest IPO in the world so far this year.

The Inner Mongolia-based coal producer, which is already listed in Shanghai, has signed up seven cornerstones that will buy up to 43% of the deal.

Malaysia-based hospital operator IHH is looking to raise up to $2.2 billion but, excluding the cornerstones, only $280 million will be available for institutional investors.

The pan-Asian life insurer welcomes an early inflow of orders and is covered after the first day, including $1.92 billion of demand from five cornerstone investors, sources say.