End the Year with a Deal You Can’t Miss! Subscribe now and save 40% on our premium subscription. Enjoy unlimited access for a full year at just $199 (usual price $339). Premium coverage on private equity, venture capital, and startups in Asia. Exclusive scoops from our reporters in nine key markets. In-depth interviews with industry… Continue reading India’s IPO market shatters records in 2024; mainland China, SE Asia falterIPOs witnessed a drop in volume and proceeds across SE Asia.
Author: Deal Street Asia Online News
Yibin City Commercial Bank seeks up to $240m in Hong Kong IPOThe company will offer 688.4 million H shares as part of its global offering.
Chinese lender Yibin City Commercial Bank is aiming to raise up to HK$1.87 billion ($240.92 million) in a Hong Kong initial public offering, according to its regulatory filing on Monday. The company will offer 688.4 million H shares as part of its global offering, at an offer price of HK$2.72 per share, according to the… Continue reading Yibin City Commercial Bank seeks up to $240m in Hong Kong IPOThe company will offer 688.4 million H shares as part of its global offering.
EQT, Temasek to sell O2 Power to JSW Neo Energy for $1.5bThe Indian renewable energy platform was set up by EQT and Temasek in 2020.
Private equity (PE) giants EQT and Temasek have exited Indian renewable energy platform O2 Power by selling their 100% stake to JSW Neo Energy, a wholly owned subsidiary of JSW Energy, for $1.5 billion, according to a press release. Established as a new company in 2020 by EQT and Temasek, O2 Power specialises in utility-scale… Continue reading EQT, Temasek to sell O2 Power to JSW Neo Energy for $1.5bThe Indian renewable energy platform was set up by EQT and Temasek in 2020.
China’s CATL to seek listing on main board of HKEXThe proposal is pending approval from regulators.
Chinese battery manufacturer CATL said on Thursday it plans to seek a listing in Hong Kong, a Shenzhen Stock Exchange filing showed. CATL plans to issue offshore H-shares and apply for a listing on the main board of the Hong Kong Stock Exchange, it said in the filing. CATL‘s board has approved the plan, but the proposal is… Continue reading China’s CATL to seek listing on main board of HKEXThe proposal is pending approval from regulators.
2024 was a rebound year for Hong Kong’s IPO marketFunds raised from IPOs on HKEX in 2024 stood at $10.7b, 80% more than in 2023.
Investors in the Hong Kong IPO of Chinese cosmetics firm Mao Geping Cosmetics Co. Ltd. got an early Christmas present on Dec. 10 when the company made its debut — the shares rose as much as 92% before closing the day 77% higher. It was the best first-day performance in four years and a further… Continue reading 2024 was a rebound year for Hong Kong’s IPO marketFunds raised from IPOs on HKEX in 2024 stood at $10.7b, 80% more than in 2023.
KKR and Bain bid more than $5b each for Seven & i’s non-core assetsJapanese buyout firm JIP has also placed a bid for around 750b yen.
Private equity firms KKR and Bain Capital each offered more than $5 billion in first-round bids for the non-core assets of Japan’s Seven & i Holdings, according to people familiar with the matter. KKR offered around 800 billion yen ($5.1 billion) for York Holdings, an entity due to be spun out of the Japanese retailer, two of… Continue reading KKR and Bain bid more than $5b each for Seven & i’s non-core assetsJapanese buyout firm JIP has also placed a bid for around 750b yen.
Google-backed Pixxel, Baring PE-backed SatSure apply to build Indian satellite constellationThe space regulator has received nine applications, repres…
Thirty Indian companies have answered the space regulator’s call to build and operate constellations of Earth observation (EO) satellites in a groundbreaking private-public partnership to reduce the country’s reliance on foreign data for defense, infrastructure management and other critical mapping needs. “We have received nine applications … Each applicant represents a consortium, involving a total of 30… Continue reading Google-backed Pixxel, Baring PE-backed SatSure apply to build Indian satellite constellationThe space regulator has received nine applications, repres…
Indian EV maker Greaves Electric Mobility files for $117.5m IPOGreaves Electric is known for its ‘Ampere’ brand of e-scooters.
Indian electric vehicle maker Greaves Electric Mobility plans to raise 10 billion rupees ($117.5 million) through an initial public offering, according to the draft papers it filed on Monday. Greaves Electric is known for its ‘Ampere’ brand of e-scooters and also manufactures three-wheelers under a different brand. The company’s top shareholder — publicly listed Greaves… Continue reading Indian EV maker Greaves Electric Mobility files for $117.5m IPOGreaves Electric is known for its ‘Ampere’ brand of e-scooters.
Top PE deals that defined the Indian investment landscape in 2024Healthcare attracted the most PE funds, while e-commerce sealed the most deals.
End the Year with a Deal You Can’t Miss! Subscribe now and save 40% on our premium subscription. Enjoy unlimited access for a full year at just $199 (usual price $339). Premium coverage on private equity, venture capital, and startups in Asia. Exclusive scoops from our reporters in nine key markets. In-depth interviews with industry… Continue reading Top PE deals that defined the Indian investment landscape in 2024Healthcare attracted the most PE funds, while e-commerce sealed the most deals.
Korea’s SK Inc to sell $1.86b stake in gas unit to PE firm Hahn & CoHahn & Co will acquire 85% of SK Specialty.
SK Inc, the holding company of South Korea’s second-largest conglomerate SK Group, plans to sell a stake worth 2.7 trillion won ($1.86 billion) in specialty gas manufacturing unit SK Specialty to local private equity firm Hahn & Company, it said in a filing on Monday. Hahn & Co will acquire 85% of SK Specialty, while… Continue reading Korea’s SK Inc to sell $1.86b stake in gas unit to PE firm Hahn & CoHahn & Co will acquire 85% of SK Specialty.