Markets.
Indian IPOs: Vishal Nirmiti, Nityas Gems Draw Varied Demand
Vishal Nirmiti’s public offering is 57% subscribed with an estimated ₹240 listing, while Nityas Gems & Jewellery reached 69% subscription, potentially listing at ₹79.
SK Group Chairman Chey to sell US$700 million SK Corp stake
Chey Tae-won will divest a 2.26 per cent interest in the South Korean conglomerate's holding firm, with the sale scheduled to begin on 2 November to fund a record divorce settlement.
Accrelist defends MClean divestment terms, buyer independence to SGX
Singapore-listed Accrelist yesterday clarified its RM30 million MClean Technologies divestment to the Singapore Exchange, addressing queries on pricing, buyer independence, and funding capability.
Anthropic targets US$2 trillion IPO, warns of AI economic shift
The artificial intelligence firm's confidential prospectus, reviewed by Reuters, asserts that AI will reshape the global economy more profoundly than past industrial revolutions.
Ligent Technologies jumps 4.6% on Hong Kong debut, raises HK$5.6bn
The optical communications unit of Hisense Group closed its first trading day last Tuesday with a valuation exceeding HK$35 billion, as mainland firms seek overseas capital.
Eswin Seeks US$300 Million Hong Kong IPO, Trading October 8
Chinese RISC-V chipmaker Beijing Eswin Computing Technology will begin soliciting investor orders on Monday for its Hong Kong initial public offering, aiming to raise around US$300 million.
NSE India IPO raises $2.4bn, valued at $46.9bn
The National Stock Exchange of India completed its initial public offering on September 24, issuing 126.4 million shares at INR1,785 each.
Dewi Negara Fachri & Partners adds two finance partners
The corporate and finance lawyers join the Jakarta-based firm's association with Hogan Lovells Cadwalader, strengthening its legal services for Indonesian deals.
RBL Bank raises $350m in international debt debut
The Mumbai-headquartered lender issued senior unsecured notes at 5.791% via a Euro medium-term note programme.
HKU, Gobi Partners Seek New Funding for HK Tech Startups
A joint delegation from the University of Hong Kong and Gobi Partners visited Astana and Tashkent, engaging with venture capital funds to identify new financing structures for Hong Kong's technology startups.
Singapore's Clifford Capital secures $802.4m in oversubscribed IABS issue
The Bayfront IX offering was two times oversubscribed, showing strong investor demand for infrastructure debt across Asia and globally.
Iambic Therapeutics, backed by Nvidia and QIA, files for US IPO
The drug developer, which has raised $461.8 million, joins a series of biotech listings capitalising on drug advancements and M&A activity this year.
NSE Listing on BSE to Trigger Indian Fund Portfolio Rebalance
India's National Stock Exchange will debut on 24 September at ₹1,785 a share, prompting mutual funds to review holdings in its rival, BSE.
Hero Motors, NSE IPOs Show Divergent Indian Unlisted Market Realities
Investors in Hero Motors face steep losses after its IPO priced 72% below unlisted trades, contrasting sharply with NSE shares that commanded a premium before listing.
Kuku Technologies Secures SEBI Approval for ₹3,500 Crore IPO
India's Kuku Technologies, a digital audio and video content platform, plans to fund technology, content production, and global expansion with proceeds from its upcoming public offering.
GSK secures global rights to Chimagen cancer drug in US$750 million deal
British pharmaceutical firm GSK announced on Tuesday its acquisition of global rights to a T-cell engager from Chengdu-based Chimagen Biosciences for treating multiple myeloma.
Prasol Chemicals IPO Opens, Grey Market Premium Points to 8% Gain
Prasol Chemicals' ₹500 crore initial public offering (IPO) began bidding today. The speciality chemicals firm aims to raise capital. Grey market premiums (GMP) point to a potential 8% listing gain. Initial subscription levels remain modest.
Brookfield completes A$4.1bn acquisition of Reliance Worldwide
The global plumbing and heating systems manufacturer, listed on the ASX, operates across Asia-Pacific, EMEA, and the Americas.