The delay to Indonesia’s budget carrier’s listing should have investment bankers very worried: the coronavirus now no longer fits the China-only profile but has infected those merely with exposure to it.
As India’s government is under pressure to shore up its ailing balance sheet, it has identified a handful of state assets to sell. The Life Insurance Corporation of India offers the most lucrative opportunity, but how international investors respond when they look under the hood is key.
After years of regulatory horse trading with the market, one of the Philippines' highest profile companies is set to list the country’s first ever REIT. In what is seen as a huge shift in sentiment to the asset class, the country’s high-grade real estate market is, however, under strain from global economic shifts.
Even as some companies have announced plans to postpone roadshows or meet investors on account of the novel coronavirus outbreak, banks still expect a robust IPO pipeline for Asia in the immediate future.
The spin-off of ThaiBev’s regional beer assets has three characteristics likely to draw investors’ attention. A successful listing will support the tone for future Thai deals, but, more importantly, set it for Asean ones too.
Aamir Khan was parachuted into the top job in mid-August and has since swept through the Securities and Exchange Commission of Pakistan streamlining and simplifying regulations. He spoke to FinanceAsia about his vision to re-ignite the country’s capital markets.
After a lacklustre few years thanks in part to over-regulation, Pakistan is cleaning up its image for issuers and investors and betting on simplified IPO rules to catalyse the market. Three IPOs are waiting for approval and more are in the wings, bankers claim.
After announcing a $100 million Series B+ funding, the biotech company’s CEO tells FinanceAsia it is now in full IPO preparation mode with Hong Kong as its preferred destination. However, a dual listing is not out of the question.
Alibaba’s successful HK listing, combined with mounting pressure from PE investors, is forcing Chinese companies to consider listing in 2020 despite the woeful stock market performance of many who floated in 2019.