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Brookfield Asset Management has pulled off India’s third ever real estate investment trust IPO, raising Rp38bn ($521.7m) as strong demand covered the deal multiple times over.

By Jonathan Breen 04 Feb 2021 Thailand’s PTT Oil and Retail Business scooped up Bt54bn ($1.79bn) this week from the country’s largest IPO in a year. The deal was a hit with both domestic and foreign investors — but in a somewhat unusual twist, the issuer cut the entire international public book during allocation. Jonathan Breen reports. PTT Oil opened its IPO with the vast majority of the stock locked up with cornerstone investors, as is typical for large listings in Thailand. Given the cornerstone tranches and a chunky retail investor allocation, domestic and international institutions...

By Jonathan Breen 02 Feb 2021 The Singapore Exchange has sold a €240m zero coupon convertible bond, its debut equity-linked issue and the first CB from a stock exchange globally in eight years. In early 2020, Singapore’s bourse acquired independent index provider Scientific Data, spending €186m for a 93% stake. One year on, the SGX saw a CB as the best option to refinance the debt taken to fund the purchase, said a source close to the bond issue.“SGX had ... Already a subscriber? Login

Brookfield Asset Management is set to launch India’s third real estate investment trust IPO next week, as it aims to raise Rp38bn ($520.8m) from a mix of new and existing stock.

By Jonathan Breen 28 Jan 2021 Chinese video-sharing platform Kuaishou Technology is generating huge demand for its IPO, which could be worth as much as HK$42bn ($5.4bn). The deal, set to be the largest primary listing globally since 2019, shows the growing interest around short video companies. Jonathan Breen reports. Kuaishou’s mission statement is “to be the most customer-obsessed company in the world”. Investors, from institutional to retail, showed similar passion for the company this week as they flocked to its IPO.The transaction, while technically still open as  GlobalCapital ...