Stifel

A trio of Asian firms listing in the US have received stellar responses to their IPOs, with Qudian, Rise Education and Sea all getting the thumbs-up from investors.

Asian investors have piled into Qudian’s IPO on the New York Stock Exchange, with the $825m fundraising heavily oversubscribed even before it begins roadshows in the US, said bankers.

Befesa, the Spanish metals recycling group, has joined the queue of companies going public in Europe this autumn, having announced its intention to float on the Frankfurt Stock Exchange.

Chinese micro-lender Qudian has launched bookbuilding for its IPO on the New York Stock Exchange, which could raise up to $825m, according to a banker close to the deal.

Chinese logistics firm Best, which counts Alibaba Group Holdings among its shareholders, raised $450m from its US IPO this week, chopping the deal by half to get it over the finish line.

Chinese logistics firm Best raised $450m from its US IPO this week, slicing the deal size by as much as half.

Europe’s IPO market gained two more deals of very different flavours on Tuesday when Rovio, the Finnish developer of the Angry Birds mobile phone game, and Charter Court Financial Services, the UK specialist mortgage lender, both filed intention to float documents.

Supermarket Income Reit has completed a £100m IPO on the London Stock Exchange on Wednesday, though it raised less money than it had hoped. The promoters believe they are offering access to an undervalued part of the UK property market that can provide a strong yield.

Gridsum Holdings, which recently filed for a listing on the Nasdaq, is testing investor appetite for the $75m-$100m transaction.

Chinese data analytics firm Gridsum Holdings is planning a $75m float on the Nasdaq, according to a draft prospectus filed with the US Securities and Exchange Commission.

Shares in Faroe Petroleum, the British oil and gas exploration firm, have fallen 8% today after the company announced it had completed a £62m capital increase on London’s Aim to finance its acquisition of new production assets in the Norwegian North Sea.

Adler Real Estate completed the accelerated bookbuild of its highly unusual convertible bond-cum-rights issue on Monday, raising €131m after a tough sale that it had hoped would fetch €150m.