Ada Li’s Post

🌟 Rajah & Tann Singapore is proud to have acted as the Singapore local counsel for Midea Group in Hong Kong’s biggest IPO since 2021.   The US$3.98 billion public offering of shares of Midea Group on The Stock Exchange of Hong Kong Limited, was successfully priced HK$54.80 per share, marking a remarkable achievement and showcasing strong market demand. This milestone deal, priced at the top of the marketed range, demonstrates the demand for the city’s biggest share sale in over three years. Rajah & Tann Singapore’s Deputy Head of Capital Markets, Mui Hui Tan, led the transaction, along with Associate Claudia Tan.   Learn more about our Capital Markets Practice: https://lnkd.in/gb4UBv5V   Tan Mui Hui: https://lnkd.in/gahZHZVm   #IPO #capitalmarkets #regional #HongKong #Midea #listing #dealhighlight #legaldeal #RajahTannAsia #RTA #LawyersWhoKnowAsia #LWKA

TOKYO METRO Key Points Reuters reported that the IPO was more than 15 times oversubscribed, with the portion available to retail investors around 10 times oversubscribed. The IPO offered 2.32 billion shares for a price of 1,200 yen apiece, valuing the offering at 348.6 billion yen ($2.3 billion). Shares of Japanese subway operator Tokyo Metro rose over 40% Wednesday after a stellar IPO. The company had raised 348.6 billion yen ($2.3 billion) in the largest initial public offering in Japan in six years. Shares were priced at the top-end of its price band of 1,100 yen to 1,200 yen.

Behind the scenes: Inside Midea Group’s mega #HongKong #IPO | In a deal that has reshaped Hong Kong’s IPO landscape, #China’s home-appliance giant Midea successfully raised $4.6 billion in September, marking the city’s largest offering in years. From showcasing Midea’s transformative #B2B growth to navigating the complexities of the listing process, Euromoney explores the key factors that led to the company's triumphant debut – and its implications for the future of Hong Kong's IPO market | #capitalmarkets Laurie McAughtry #Euromoney: Setting the benchmark for excellence across financial services http://spr.ly/6040qOndo

It hasn’t been this hectic for Asian IPOs in more than two years. Asia’s stock markets are gearing up for their busiest week of listings since 2022, offering a crucial test of demand as companies rush to raise money before the US election. Around 20 companies from Asia Pacific are listing shares this week in deals that may raise as much as $8.3 billion, the biggest weekly volume since April 2022, according to data compiled by Bloomberg. On tap to list shares this week: • Tuesday, Oct. 22: Hyundai Motor India’s $3.3 billion IPO in Mumbai • Wednesday, Oct 23: Tokyo Metro’s $2.3 big IPO in Tokyo, China Resources Beverage’s $649 million IPO in Hong Kong • Thursday, Oct. 24: Horizon Robotics’ $696 million IPO in Hong Kong • Friday, Oct. 25: Rigaku Holdings’ roughly $750 million IPO in Tokyo For Bloomberg News: https://lnkd.in/gvVPa-Xc #Asia #China #India #Japan #IPO

What's New to The Street... Alibaba's logistics listing plans hit a roadblock as Hong Kong IPO challenges deepen. 📉 The decision to scrap Cainiao's listing deals a blow to Hong Kong's IPO market. What's next for the evolving landscape? #Alibaba #IPO #HongKong #businessnews #business #news #newtothestreet

What's New to The Street... Alibaba's logistics listing plans hit a roadblock as Hong Kong IPO challenges deepen. 📉 The decision to scrap Cainiao's listing deals a blow to Hong Kong's IPO market. What's next for the evolving landscape? #Alibaba #IPO #HongKong #businessnews #business #news #newtothestreet

[#ForvisMazarsInTheNews] Recent blockbuster IPOs in Hong Kong and Kuala Lumpur signal a potential revival in the Asian IPO market, according to The Straits Times. Our Managing Partner and Head of Audit & Assurance APAC, Rick Chan, shared his insights in an article by Deputy Business Editor Kang Wan Chern on 10 September. Rick highlights how companies like Midea and 99 Speed Mart strategically chose their home markets for listings, driven by favorable liquidity and valuations. As Rick aptly puts it, "This shows that companies with the right elements can still raise IPO money at good valuations if they choose the right stock exchange." Read the full article here: https://lnkd.in/gaNRyUr7 #ForvisMazars #ForvisMazarsSingapore #IPO #AsiaMarket #BusinessInsights

It hasn’t been this hectic for Asian IPOs in more than two years. Asia’s stock markets are gearing up for their busiest week of listings since 2022, offering a crucial test of demand as companies rush to raise money before the US election. Around 20 companies from Asia Pacific are listing shares this week in deals that may raise as much as $8.3 billion, the biggest weekly volume since April 2022, according to data compiled by Bloomberg. On tap to list shares this week: • Tuesday, Oct. 22: Hyundai Motor India’s $3.3 billion IPO in Mumbai • Wednesday, Oct 23: Tokyo Metro’s $2.3 big IPO in Tokyo, China Resources Beverage’s $649 million IPO in Hong Kong • Thursday, Oct. 24: Horizon Robotics’ $696 million IPO in Hong Kong • Friday, Oct. 25: Rigaku Holdings’ roughly $750 million IPO in Tokyo

General Motors-backed self-driving firm Momenta said to file for IPO in the US. Chinese self-driving firm Beijing Momenta Technology has filed confidentially for an initial public offering in the US. Momenta is working with China International Capital Corp, Goldman Sachs, and UBS Group on a potential listing that may happen as early as this year, Bloomberg reported. It could raise $200m to $300m from the share sale. Deliberations are ongoing and the Chinese company may decide against an IPO in the US. Momenta was also said to be considering an IPO in the US or Hong Kong earlier last year, at the time aiming to raise as much as $1bn. #MergersAcquisitionsDivestitures #Automotive #IPO

🚀 99 Speed Mart Makes a Splash with Malaysia’s Biggest IPO in Seven Years! Just saw the news that 99 Speed Mart, Malaysia’s biggest mini-market chain, made a massive splash with its IPO! It's the largest in the country in seven years, raising an impressive US$531 million. The stock jumped 12.1% right out of the gate, opening at 1.85 ringgit (US$0.39) per share and even hitting a high of 1.91 ringgit. This is pretty exciting. It makes me think we might see more IPOs heading to Malaysia, especially if this kind of momentum keeps up. And how about this – the IPO just made Lee Thiam Wah Malaysia’s newest billionaire, with a fortune estimated at US$3.3 billion! I’ll be watching to see if this marks a trend of more action in Malaysia’s market. Could be an interesting space to watch! #IPO #StockMarket #Malaysia #99SpeedMart #MarketWatch #Investing #Billionaire #Finance #GrowthStocks Learn more: https://lnkd.in/dN-SaKzq