Follow-Ons/Rights Issues

  • GlobalCapital ECM awards: polls open

    GlobalCapital ECM awards: polls open

    GlobalCapital has launched the process to decide the winners of our Equity Capital Markets Awards for 2020. The results will be announced at the end of March.

  • Orient Overseas, healthcare duo tap Hong Kong ECM

    Orient Overseas, healthcare duo tap Hong Kong ECM

    Orient Overseas (International) has scooped up HK$932.5m ($120.3m) from a top-up placement, increasing the deal on strong anchor investor demand. Two other Hong Kong-listed companies, both from the healthcare sector, also turned to investors on Thursday.

  • BYD nabs $3.6bn from new share placement

    BYD nabs $3.6bn from new share placement

    Chinese car manufacturer BYD has closed Hong Kong’s largest primary share placement in more than half a decade, raising HK$29.9bn ($3.86bn). The issuer tapped the market as the local benchmark Hang Seng Index hit a record high, getting strong demand from mainland investors. Jonathan Breen reports.

  • ‘Spoons returns to equity market as lockdown bites

    ‘Spoons returns to equity market as lockdown bites

    JD Wetherspoon, the UK pub chain, tapped equity investors for £93.7m ($128m) on Tuesday to help see it through the country’s third Covid-19 lockdown. The company is likely to be the first of a number of issuers that seek to raise primary equity capital in the next few months in order to manage the disruption, according to senior equity market sources.

  • Apollo Hospitals nets $160m from hot QIP

    Apollo Hospitals nets $160m from hot QIP

    Apollo Hospitals Enterprise has raised around Rp11.7bn ($160m) from a qualified institutional placement, drawing a swell of demand that pushed pricing above the floor.

  • Bankers hopeful of M&A rights issues despite fresh lockdowns

    Bankers hopeful of M&A rights issues despite fresh lockdowns

    Europe faces more months of Covid-19 lockdowns as the continent’s governments try to quell an increase in infections. But equity bankers are hopeful that the restrictions will not prevent them from raising equity for companies seeking to do M&A transactions.

  • Stocks soar on good news but pandemic looms over ECM

    Stocks soar on good news but pandemic looms over ECM

    Equity markets opened on a high on the first day of trading in 2021 and there are hopes that positive macro headwinds will provide strong momentum for equity capital markets deals. This is despite the Covid-19 pandemic still causing concern as cases rise and governments introduce tough restrictions to fight it.

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