IPO

China's Meituan Dianping sets HK IPO valuation at up to US$55 bil
(Sept 3): China’s Meituan Dianping, an online food delivery-to-ticketing services platform, has set an indicative price range of HK$60 to HK$72 ($10.48-$12.58) per share for its initial public offering (IPO) in Hong Kong, valuing itself at up to US$55 billion, four people with direct knowledge of the matter said. Meituan, already one of China’s most valuable internet firms, could raise as ...
Vividthree lodges offer document for spinoff and listing after Monday’s restructuring deal
SINGAPORE (Aug 30): Vividthree Holdings (VVH), the visual effects studio 51% owned by mm2 Asia, on Wednesday lodged its preliminary offer document for the proposed spinoff and listing on the Catalist Board. See: mm2 Asia posts 13.2% increase in 1Q earnings to $7.3 mil Proceeds from the sale of new shares will be used to create VR (virtual reality content) and immersive media, develop or ...
Billionaire Richard Li's FWD said to mull Singapore dual-class IPO
(July 31): Hong Kong billionaire Richard Li’s FWD Group is considering listing in Singapore with a dual-class structure, as the insurer moves ahead with its initial public offering preparations, people with knowledge of the matter said. FWD is discussing with advisers the merits of listing in Singapore using such a structure, which can offer enhanced voting power to protect the influence of ...
Synagie Corp eyes net proceeds of $9.8 mil from Catalist IPO at 27 cents per share
SINGAPORE (July 30): E-commerce solutions provider Synagie Corporation has launched its initial public offering (IPO) to list on the Catalist board of the Singapore Exchange (SGX), with a total of 43 million invitation shares offered at 27 cents apiece. Some 3.8 million shares will offered via the public tranche, while the remaining 39.2 million shares will be available by way of placement. ...
DLF says 18.5 mil placement shares fully subscribed; raises $2.85 mil in net proceeds
SINGAPORE (July 23): DLF Holdings says its initial public offering (IPO) on Monday received strong interest from investors with all 18.5 million placement shares successfully placed out at 23 cents each. See: DLF Holdings aims to raise $4.3 mil from Catalist IPO at 23 cents per share Listing and trading of the company’s shares on Catalist will start on Wednesday at 9am. DLF is a ...
Koufu says public offering 17 times subscribed
SINGAPORE (July 17): Koufu Group, one of the largest operators of food courts and coffee shops in Singapore, says the public offering was about 17 times subscribed. This came after valid applications for 107.7 million public offer shares were received for the 6.3 million shares on public offer share were received at the close of the offer at 12 noon on Monday. Koufu is selling up to 97 ...
DLF Holdings aims to raise $4.3 mil from Catalist IPO at 23 cents per share
SINGAPORE (July 17): Mechanical and electrical (M&E) engineering services provider DLF Holdings has registered its offer document with the Singapore Exchange (SGX) for its initial public offering (IPO) on the Catalist board. DLF is expected to raise gross proceeds of $4.3 million in the IPO, which will see 18.5 million new shares up for grabs at 23 cents each. This will give DLF a market ...
Koufu launches IPO at 63 cents per share to raise $74 mil
SINGAPORE (July 11): F&B operator Koufu Group has launched its initial public offering (IPO) at 63 cents a share to raise gross proceeds of $74.3 million with its proposed listing on the Mainboard of the Singapore Exchange (SGX). The group is selling some 97 million offering shares -- comprising an international placement of 90.7 million shares and public offer of 6.3 million shares -- and ...
Xiaomi grapples with geopolitics and doubt on trading debut
BEIJING (Jul 9): It was hailed as the biggest and most important Chinese technology debut in years. Instead, Xiaomi Corp. begins life as a public company on the defensive, struggling to justify a lofty valuation while buffeted by a geopolitical storm beyond its control. When billionaire Chairman Lei Jun strikes the gong on Monday in Hong Kong, he will usher onto public markets a company twice ...
IPO activity slows amid geopolitical uncertainties, trade tensions
SINGAPORE (July 4): Geopolitical uncertainty, trade issues and macroeconomic conditions are dampening investor enthusiasm for initial public offerings (IPOs), according to the quarterly Global IPO trends: Q2 2018 report published today by professional services firm EY. Singapore saw its IPO activity fall 60% y-o-y in 2Q18, with four IPOs during the quarter raising just US$0.07 billion ($0.10 ...