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November 1, 2017

More than $3bn worth of Asia IPOs have come to the markets this past week. 

3 Asia IPOs raise over $3bn in capital

As a trusted financial platform partner, Dealogic helped bookrunners seamlessly execute three transactions through the DealManager network, including China Literature, Vincom Retail, and Crystal International.

Institutional investors have ordered more than 50 times their allotted shares for China Literature and retail investors have oversubscribed by 620 times, according to the Wall Street Journal. All three IPOs were available on Dealogic Connect, allowing investment firms to send electronic orders directly to banks.

China Literature: Tencent-backed online-publisher

Nationality: China

Industry: Technology

Deal Value ($m): 1,067

Deal Type: IPO

Priced: October 31, 2017

Bookrunners: Morgan Stanley, Bank of America Merrill Lynch, Credit Suisse, JPMorgan, China International Capital Corp, China Securities, China Renaissance Partners, China Merchants Securities, China Merchants Bank, Bank of China, and HSBC

Key Points

Top 3 Tech IPOs on the HK Stock Exchange on Record
  1. Semiconductor Manufacturing International Corp – SMIC, $1,803m | China | March 2004
  2. Alibaba.com, $1,693m | China | October 2007
  3. China Literature, $1,067m | China | October 2017
Top 3 Tech IPOs from APAC Issuers in 2017 YTD
  1. Netmarble Games Corp, $2,336m | South Korea | Korea Exchange-KOSPI | April 2017
  2. China Literature, $1,067m | China | Hong Kong Stock Exchange | October 2017
  3. Qudian, $1,035m | China | New York Stock Exchange | October 2017

Vincom Retail JSC: Vietnamese mall operator

Nationality: Vietnam

Industry: Real Estate

Deal Value ($m): 709

Deal Type: IPO

Priced: October 26, 2017

Bookrunners: Citi, Credit Suisse, Deutsche Bank, Saigon Securities

Key Points

Top 3 Real Estate IPOs from Southeast Asian Issuers in 2017 YTD
  1. Vincom Retail, $709m | Vietnam | October 2017
  2. Eco World International, $584m | Malaysia | March 2017
  3. GLAND Office Leasehold REIT, $145m | Thailand | April 2017

Crystal International Group: Hong Kong apparel manufacturer

Nationality: Hong Kong

Industry: Textile

Deal Value ($m): 490

Deal Type: IPO

Priced: October 27, 2017

Bookrunners: Morgan Stanley, HSBC, and Citi

Key Points

Top 3 Textile IPOs from Hong Kong Issuers on Record


Contact us for underlying data on Asia IPOs, DealManager, or Dealogic Connect