China Tops Asia's Top Ten IPOs of 2009
Chinese property developer Longfor Properties Co raised $912 million on Thursday, pricing its Hong Kong initial public offering at the top end of an indicated range, according to two sources close to the deal.
Asia has emerged as the world's top spot for companies tapping markets for funds this year and more than 30 firms are eyeing listings in either Hong Kong or India over the next few months.
Resourcehouse, the commodity group run by Australian Clive Palmer, has set a timetable for its estimated $3 billion Hong Kong IPO, sources said on Thursday.
Here is a table of the top ten IPOs in Asia this year. All amounts are in billions of dollars.
RANK--AMOUNT--ISSUER---------------NATION----- -----DATE---------STORY-----
1. 7.34 CSCEC China 24/04
2. 5.00 Metallurgical Corp of China China 17/09
3.+ 4.10 China Minsheng Banking Corp China 26/11
4.* 3.35 Sands China Macau 30/11
5.^ 3.3 Maxis Malaysia 19/11
6. 2.00 Myer Holdings Australia 29/10
7. 1.86 Wynn Resorts Macau Maca 30/09
8. 1.60 Everbright Securities China 05/08
9. 1.3 China Zhongwang Holdings Hong Kong 30/04
10. 1.28 Glorious Property Holdings Hong Kong 24/09
+ Pricing not finalised. $4.10 bln is the maximum it aims to raise.
* Pricing not finalised. $3.35 bln is the maximum it aims to raise.
^ Price has been set but sale not completed. $3.3 bln is the maximum it aims to raise.
Source: Thomson Reuters
(Compiled by Gillian Murdoch; Editing by Lincoln Feast)
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