Search results for institutional bookbuilding
Finance
IPO market stirs as duplicate listing ban takes effect, investor sentiment still weak
More than a month after South Korea began enforcing guidelines that ban duplicate listings in principle while allowing exceptions, some long-delayed listing reviews have resumed and IPO supply in September is expected to increase. Investor appetite for IPOs remains weak, with most newly listed firms in August trading below their offer prices. New rules impose duties on parent boards and require subsidiary independence, while market watchers cite softer demand in bookbuilding and subscriptions.
Industry
China\'s top DRAM maker CXMT launches $4.3 billion Shanghai IPO, test for AI memory push
ChangXin Memory Technologies (CXMT), China’s largest DRAM maker, is launching a Shanghai IPO worth about $4.3 billion as AI data centre demand drives a surge in memory needs. Subscriptions on the STAR Market are set to begin on July 16. The company plans to raise 29.5 billion yuan by selling about 6.69 billion shares, around 10 percent of total shares after listing, with an overallotment option also secured.
Finance
Hanpass posts 1,673.04-to-1 ratio in retail IPO subscription
Hanpass posted strong demand in its retail subscription for an initial public offering, recording a 1,673.04-to-1 competition ratio over the two-day period from March 16 to 17, the company said on Monday. It logged about 510,000 subscription bids and about 437 billion won in deposits. In earlier institutional bookbuilding, 2,229 domestic and overseas institutions participated, with a 1,172.59-to-1 ratio, fixing the offering price at 19,000 won.
