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GC Asia
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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.
22 Jan 2021 -
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.
22 Jan 2021 -
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.
21 Jan 2021 -
‘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.
20 Jan 2021 -
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.
20 Jan 2021 -
Alchip Tech nets $196m from bigger GDS sale
Alchip Technologies, a Taiwanese semiconductor manufacturer, has raised $195.5m after increasing a placement of global depository shares (GDS).
15 Jan 2021 -
Innovent Bio, Man Wah tap ECM for fresh funds
Innovent Biologics and Man Wah Holdings raised a combined HK$7.1bn ($916.3m) in fresh equity on Thursday night.
15 Jan 2021 -
TP Icap sets terms on rights issue
TP Icap, the interdealer broker, has launched its £315m rights issue to partially fund the acquisition of Liquidnet.
07 Jan 2021 -
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.
06 Jan 2021 -
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.
04 Jan 2021
