Singapore’s Cache Logistic Trust’s initial public offering will raise $417 million after the IPO was priced at 88 cents a share, at the top end of an indicative range, according to its final prospectus.
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Posts Tagged ‘initial public offering’
Minzhong plans $263m Singapore IPO: term sheet
March 26th, 2010 |
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China Minzhong Food Corp plans to raise up to US$186.6 million ($262.7 million) in an initial public offering of shares in Singapore, according to a term sheet.
The Fujian province-based food processor is offering 197.34 million shares, comprising 61% primary shares and 39% secondary shares, with an indicative price range of $1.07–$1.33 each. Trading is scheduled to start on April 8.
JPMorgan (JPM.N) is handling the deal, the term sheet obtained by Reuters today showed. In October last year, sources said Minzhong, backed by Singapore’s GIC and buyout fund Olympus Capital, had hired JP Morgan for its share offering.
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JSW Energy IPO
December 7th, 2009 |
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Mumbai: At the offer price of Rs.110-115, with a retail discount of Rs.5, JSW Energy is out with its initial public offering (IPO), with an issue of 23.8 – 27.4 crore equity shares.
The issue represents around 15-17% of post IPO equity capital. The company would command a market cap of Rs 16,400- Rs 18,900 crore [...]
CapitaMalls Asia shares up 8.5% to trade at $2.30 on debut
November 25th, 2009 |
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Shares of CapitaMalls Asia (CMAL.SI) opened 8.5% higher today, boosted by strong demand from investors keen on gaining exposure to China’s fast-growing consumer market.
At 9:01 a.m., CapitaMalls was traded at $2.28 compared with its initial public offering price of $2.12 a share. It opened at $2.30.
The IPO of CapitaLand’s (CATL.SI) malls unit was 1.7 times oversubscribed, the company said late yesterday.
Longfor said to raise $1.3b in Hong Kong sale
November 12th, 2009 |
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Longfor Properties Co., the biggest developer in the southwestern Chinese city of Chongqing, raised HK$7.07 billion ($1.26 billion) in a Hong Kong initial public offering, said two people familiar with the matter.
The developer sold 1 billion new shares, or a 20% stake, at HK$7.07 apiece, according to the people, who declined to be identified before an announcement.
Longfor may raise $1.3b in IPO, e-mail says
November 2nd, 2009 |
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Longfor Properties Co., the largest developer in the southwestern Chinese city of Chongqing, may raise as much as HK$7.1 billion ($1.3 billion) in a Hong Kong initial public offering, according to a share sale document.
Longfor plans to sell 1 billion new shares, or a 20% stake, at HK$6.06 to HK$7.10 each, said the document e-mailed to fund managers today. The sale values the company at HK$35.5 billion, or 14 times 2010 earnings per share, as estimated by banks involved in the sale, according to Bloomberg calculations.
Longfor plans to raise up to $1.3b in HK IPO, cornerstone investor includes GIC, Temasek
November 2nd, 2009 |
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Beijing-based property developer Longfor Properties Co plans to raise up to HK$7.1 billion ($1.3 billion) from a Hong Kong initial public offering, according to a term sheet obtained by Thomson Reuters today.
The developer is selling one billion shares at a price range indicated between HK$6.06 and HK$7.10 per share, according to the term sheet.
Jason Marine, navigation systems maker, surged as much as 69%
October 21st, 2009 |
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Jason Marine Group, a supplier of marine navigation and communications systems, surged as much as 69% in its trading debut in Singapore.
The stock is trading at 31.5 cents now, up 50%. It had earlier hit 35.5 cents.
The company sold 16 million shares at 21 cents from its initial public offering. It received subscriptions for up to 343.8 million shares, making the IPO 21.5 times subscribed, according to a company statement.
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Jason Marine says IPO 20.49 times oversubscribed
October 20th, 2009 |
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Jason Marine Group, a provider of integrated solutions of a wide range of marine communication, navigation and automation systems, says its initial public offering has received strong interest from institutional and retail investors.
Applications were received for 343,776,000 shares although only 16 million shares were made available for placement and subscription, meaning the IPO was 21.49 times subscribed, with application monies received amounting to $68.96 million.
CapitaLand to list mall unit; IPO may raise US$1b: Update
October 5th, 2009 |
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Southeast Asia’s largest developer CapitaLand (CATL.SI) will list its shopping mall arm in an initial public offering that sources said could raise at least US$1 billion ($1.4 billion).
CapitaLand Retail, the unit that owns or manages 86 malls across Asia, will be renamed CapitaMalls Asia and aims to list its shares in Singapore this year, sources said.
“In conjunction with the proposed listing of CapitaMalls Asia, CapitaLand is considering a public offering of part of its shareholding interest in CapitaMalls Asia,” CapitaLand said in a statement.
Indian billionaire Modi to spend US$200m to buy companies
September 8th, 2009 |
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Indian billionaire Bhupendra Kumar Modi, who has interests from retailing to entertainment, has set aside US$200 million ($268 million) to buy more companies ahead of a planned initial public offering.
“We are doing acquisitions in finance, information technology, entertainment and also in telecommunications,” Modi, 60, said in a telephone interview today. “We acquired a retail chain and we are acquiring more.”
Passion Holdings says IPO 3.5 times subscribed
September 1st, 2009 |
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Passion Holdings, the integrated designer, producer and retailer of a wide range of handicrafts and furnishings, says that its initial public offering was about 3.5 times subscribed.
The invitation of 126.5 million shares at 25 cents per share comprised 90 million new shares and 36.5 million vendor shares from the group’s existing shareholders.
Two million shares were available to the public for subscription, while the remaining 124.5 million shares were allocated for placement.
PEC shares up 90% on debut
August 7th, 2009 |
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PEC (PECL.SI) shares jumped almost 90% on their trading debut today following the engineering firm’s initial public offering.
PEC shares opened at $0.71 on the Straits Times Index and rose as high as $0.76. In the afternoon, PEC shares were changing hands for $0.72, up 78.8% over the $0.40 IPO price set on July 30.
“It was priced to succeed,” said a trader from a local brokerage, adding that the stock had been priced much lower than that of the firm’s competitors such as Rotary Engineering (ROTE.SI) and Yongnam Holdings (YNAM.SI).
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EBay working on alternative software for Skype
August 3rd, 2009 |
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SAN FRANCISCO (AP) — EBay Inc. is developing software it might use to continue running the online telecommunications service Skype if it cannot resolve a legal dispute with a separate company run by the service’s founders.
In a filing this week with the Securities and Exchange Commission, eBay said it has started developing an alternative to [...]
JSW likely to come up with an IPO
August 2nd, 2009 |
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Mumbai (PTI): Sajjan Jindal-owned JSW Energy may go for an Initial Power Offer to raise funds for its ambitious plans to step up power generation capacity to 12,000 MW from the present 800 MW.
“We may look at the IPO if the market stabilises,” JSW Group Chief Financial Officer MVS Seshagiri Rao told PTI.
However, a company [...]