initial public offering (IPO)

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 ...
Sembcorp Industries upgraded on emergence of value & limited downside
SINGAPORE (June 29): UOB Kay Hian is upgrading Sembcorp Industries (SCI) to “buy” from “hold” on limited downside and an improving outlook in India. The research house is keeping its target price of $3.60 unchanged, valuing the non-marine business at 8.4 times FY19 earnings. In a Friday report, lead analyst Foo Zhi Wei notes that current valuations imply the non-marine unit to be ...
F&B operator Koufu lodges preliminary prospectus for IPO on SGX Mainboard
SINGAPORE (June 28): Koufu Group, the operator and manager of food and beverage (F&B) establishments in Singapore with a presence in Macau, has lodged its preliminary prospectus with the Monetary Authority of Singapore (MAS) for a Mainboard listing on the SGX. In its preliminary prospectus lodged on Thursday by issue manager DBS Bank, Koufu's controlling shareholder Jun Yuan Holdings will ...
Hong Kong billionaire Richard Li weighs insurance IPO
HONG KONG (June 27): Hong Kong billionaire Richard Li is laying the groundwork for a potential initial public offering of his insurance company FWD Group after five years of building the business through acquisitions, people familiar with the matter said. FWD, which is backed by Swiss Re AG, has held preliminary discussions with investment banks about a possible IPO as part of regular meetings ...
Is Xiaomi's IPO worth a punt?
SINGAPORE (June 25): Xiaomi Corp has planned its initial public offering (IPO) since last year and in Dec 2017, it was reported that the group was seeking a valuation of about US$50 billion ($67.4 billion). See: Xiaomi seeks valuation of at least US$50 bil in IPO This has since changed and now the group plans to raise around US$6 billion at HK$17-22 per share, still making it the ...
Del Monte Pacific defers IPO for Philippines subsidiary amid market volatility
SINGAPORE (June 7): Del Monte Pacific announced Thursday that it is deferring the initial public offering (IPO) of its Philippine subsidiary, Del Monte Philippines, Inc (DMPI). See: Del Monte's Philippine unit files for IPO of up to $428 million Citing continued volatile market conditions, Del Monte says its bankers and advisors have advised that it would be in the best interest of the ...
PropNex Realty said to seek $40 mil from IPO launch
SINGAPORE (June 1): PropNex Realty, Singapore’s biggest property broker, plans to seek about $40 million from a proposed Singapore initial public offering, people with knowledge of the matter said. The company is targeting a market capitalisation of as much as $250 million, the people said, asking not to be identified as the deliberations are private. PropNex is considering launching the ...