Edition:
India

Scott Murdoch

SoftBank-backed OneConnect sees valuation tumble in U.S. IPO

13 Dec 2019

NEW YORK/SYDNEY Ping An Insurance Co's OneConnect Financial Technology said on Thursday it raised around $312 million in its U.S. initial public offering, valuing the company at around $3.7 billion.

Citi, Credit Suisse drop China's Ucommune U.S. IPO over valuation -sources

13 Dec 2019

SYDNEY/HONG KONG Citigroup Inc and Credit Suisse Group AG have dropped out of the U.S. initial public offering of Chinese shared workspace provider Ucommune, baulking at its desired valuation, two people with direct knowledge of the matter said.

Citi, Credit Suisse drop China's Ucommune U.S. IPO over valuation -sources

12 Dec 2019

SYDNEY/HONG KONG, Dec 12 Citigroup and Credit Suisse have dropped out of the U.S. initial public offering (IPO) of Chinese shared workspace provider Ucommune, baulking at its desired valuation, two people with direct knowledge of the matter said.

Shareholders lash Australia's Westpac over money laundering bombshell

12 Dec 2019

SYDNEY Westpac Banking Corp on Thursday became the biggest Australian company to have shareholders vote down its executive pay for a second year, at a marathon annual meeting dominated by investor outrage over a child exploitation payments scandal.

Tyro shares jump 35% in rare bright spot for Australian IPO investors

06 Dec 2019

Tyro Payments delivered a rare win for Australian initial public offering (IPO) investors on Friday, with the electronic payment firm's shares surging 35% on debut, bucking a recent trend of company floats being shelved.

Australian banks need extra $8.5 billion to meet tougher New Zealand capital rules

05 Dec 2019

WELLINGTON/HONG KONG Australia's major banks shrugged off concerns about further weakness in dividend payout ratios and earnings downgrades after New Zealand announced tougher capital requirements on Thursday.

China Merchants Commercial REIT raises $327.2 mln in HK listing - sources

04 Dec 2019

HONG KONG, Dec 4 China Merchants Commercial real estate investment trust (REIT) has raised $327.2 million in a public offering in Hong Kong, after pricing the deal at HK$3.42, said two people with knowledge of the matter.

UPDATE 2-Australia's Tyro prices shares at top end of forecast range in IPO

02 Dec 2019

* Has had a better reception than other recent IPOs in Sydney

Thai Beverage considers potential $3 billion beer IPO: sources

29 Nov 2019

SINGAPORE Thai billionaire Charoen Sirivadhanabhakdi's Thai Beverage is planning to spin off some regional beer assets in an initial public offering (IPO) that could raise as much as $3 billion, sources close to the matter said.

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