ASIA-PACIFIC
AUSTRALIA
LA MANCHA CUTS EVOLUTION STAKE,Aû-ANCHAû'ROUPûHASûRAISEDû!Mû
53M ûFROMûTHEûSALEûOFûPARTûOFûITSûSHARESû
in Australian gold company EVOLUTION MINING
4HEûBLOCKûOFûABOUTûMûSHARES ûORûûOFûTHEû
SHARESûONûISSUE ûWASûPRICEDûATû!ûAPIECE ûAû
ûDISCOUNTûTOûTHEûPRE
DEALûPRICEûOFû!
4HEûDEALûWASûLAUNCHEDûONûû*ULYûWITHûAû
mOORûPRICEûOFû!
There was strong demand from a number
OFûLARGEûEXISTINGûINSTITUTIONALûSHAREHOLDERS û
ACCORDINGûTOûAûSTATEMENTûFROMû,Aû-ANCHAû
h)TûISûENCOURAGINGûTOûSEEûSUPPORTûAMONGSTûAû
broad range of investors internationally for
THISûPLACEMENT vûSAIDû.AGUIBû3AWIRIS û
CHAIRMANûOFû,Aû-ANCHA
After the sale, La Mancha, the natural
resource investment vehicle of the Sawiris
FAMILY ûWILLûHOLDûABOUTûMû%VOLUTIONû
SHARES ûORûAûûSTAKE
4HEREûISûAû
DAYûLOCK
UPûONûTHEûVENDOR
Citigroup and JP Morgan are the joint
BOOKRUNNERSûOFûTHEûTRANSACTIONCHINA
ESR PLANS HONG KONG IPOESR, a pan-Asia logistics real estate
developer, owner and operator, is planning
TOûRAISEûABOUTû53BNûFROMûAû(ONGû+ONGû
)0/ûINû ûACCORDINGûTOûPEOPLEûFAMILIARû
WITHûTHEûSITUATION
4HEûCOMPANY ûBACKEDûBYûPRIVATEûEQUITYû
lRMû7ARBURGû0INCUS ûISûINûDISCUSSIONSûWITHû
POTENTIALûADVISERSûFORûAûPLANNEDû)0/
%32 ûHEADQUARTEREDûINû(ONGû+ONG ûWASû
formed from the merger of e-Shang and2EDWOODûINû*ANUARYûû%
3HANGûWASûCO
FOUNDEDûBYû7ARBURGû0INCUSûANDûTWOû
entrepreneurs, Sun Dongping and Jeffrey
3HEN ûINû
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3ACHS û0''- û0INGû!NûANDû3+û(OLDINGS
)Nû-AY û#HINESEûONLINEûRETAILERû*$COMû
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ITûHADûCLOSEDûAûPRE
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3ECURITIESû/NE
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/NE
2OADûFUND ûAûPRIVATEû
equity investment fund of CLSA, without
DISCLOSINGûTHEûINVESTMENTûAMOUNT
%32ûCOULDûNOTûIMMEDIATELYûBEûREACHEDûTOû
COMMENTû7ARBURGû0INCUSûDECLINEDûTOû
COMMENT
!CCORDINGûTOû%32SûWEBSITE ûTHEûCOMPANYû
manages more than nine million square
METRESûOFûGROSSûmOORûAREAûINûPROJECTSûOWNEDû
and under development across China, Japan,
3INGAPORE û3OUTHû+OREAûANDû)NDIAHOPE EDUCATION TO PRICE IPO AT TOPHOPE EDUCATIONûISûLIKELYûTOûPRICEûITSû(ONGû
+ONGû)0/ûATûTHEûTOPûOFûTHEûINDICATIVEûPRICEû
RANGEûTOûRAISEû(+BNû53M ûPEOPLEû
WITHûKNOWLEDGEûOFûTHEûTRANSACTIONûSAID
4HEû#HINESEûCOMPANYûISûLIKELYûTOûSELLû
BNûPRIMARYûSHARES ûORûûOFûTHEû
ENLARGEDûSHAREûCAPITAL ûATû(+ûPERûSHAREû
GIVENûSTRONGûDEMAND ûSAIDûTHEûPEOPLEû4HATû
WOULDûVALUEûTHEûCOMPANYûATû53BN
4HEREûISûAûGREENSHOEûOPTIONûOFûUPûTOûMû
PRIMARYûSHARES
6ALUEû0ARTNERSûWILLûCOMMITû53MûASûAû
CORNERSTONEûINVESTOR
Hope Education owns and operates colleges
and institutes for primary, secondary, higher,
VOCATIONAL ûANDûCONTINUINGûEDUCATIONû)TûISûAû
member of Hope Group, which was co-
founded by Chinese agribusiness tycoon Liu
9ONGHAOûANDûHISûBROTHERS
4HEûCOMPANYûISûBACKEDûBYûSEVERALûHIGH
PROlLEûSHAREHOLDERSûINCLUDINGû#ITICû
0RUDENTIALû,IFEû)NSURANCEûANDû#HINAû
%VERBRIGHTASIA-PACIFIC EQUITIES
BOOKRUNNERS: 1/1/2018 TO DATE
Managing No of Total Share
bank or group issues US$(m) (%)
1 Morgan Stanley 57 11,976.43 8.5
2 Citigroup 56 9,507.84 6.8
3 Goldman Sachs 52 9,364.67 6.7
4 UBS 38 7,254.99 5.2
5 CICC 17 6,652.08 4.7
6 BAML 15 6,474.88 4.6
7 Credit Suisse 30 5,093.53 3.6
8 Citic 31 4,724.04 3.4
9 JP Morgan 28 4,312.34 3.1
10 Sumitomo Mitsui Finl 45 3,272.25 2.3
Total 1,437 140,554.62
Including all domestic and international deals and rights issues
Source: Thomson Reuters SDC code: C4a1ASIA-PACIFIC EQUITIES (EX-JAPAN)
BOOKRUNNERS: 1/1/2018 TO DATE
Managing No of Total Share
bank or group issues US$(m) (%)
1 Morgan Stanley 38 9,898.80 7.9
2 Goldman Sachs 51 9,312.10 7.5
3 Citigroup 51 9,023.07 7.2
4 UBS 35 6,982.21 5.6
5 CICC 17 6,652.08 5.3
6 BAML 12 5,880.73 4.7
7 Credit Suisse 29 4,920.40 4.0
8 Citic 31 4,724.04 3.8
9 JP Morgan 24 3,542.41 2.8
10 China Securities 22 2,976.17 2.4
Total 1,302 124,555.20
Including all domestic and international deals and rights issues
Source: Thomson Reuters SDC code: C4a2WEEK IN NUMBERS
16%
TEN CORNERSTONE INVESTORS HAVE
SIGNED UP TO INVEST US$1.4bn IN CHINA
TOWER’S IPO, REPRESENTING 16% OF THE
DEAL AT THE TOP OF THE RANGE. THE
DEAL COULD TOTAL US$8.7bn IF PRICING
COMES AT THE TOP OF GUIDANCE, MAKING
IT THE LARGEST IPO GLOBALLY SINCE
ALIBABA’S US$25bn US LISTING IN 2014
78 years
THE BELGRADE STOCK EXCHANGE IS
LOOKING FORWARD TO WELCOMING ITS
FIRST IPO SINCE 1940 AS FINTEL ENERGIJA
- THE SERBIAN SUBSIDIARY OF FINTEL
ENERGIA – HAS BEGUN BOOKBUILDING
FOR A SD3.25bn (US$32.1m) IPO.
SUBSCRIPTION RUNS FOR A LENGTHY 90
DAYS WITH TRADING DUE TO BEGIN IN
NOVEMBER. WHILE 6.5m NEW SHARES
ARE OFFERED AT SD500 APIECE, THE
DEAL WILL GO AHEAD IF AS FEW AS 1.5m
SHARES CAN BE SOLD
US$20bn
ELI LILY IS TO SPIN-OFF ITS ANIMAL
HEALTH UNIT ELANCO BY THE END OF THE
YEAR. ELANCO CONTRIBUTED US$3.085bn
OF REVENUE IN THE TWELVE MONTHS
TO JUNE 30, WHICH USING ZOETIS’ 7X
FORWARD REVENUE MULTIPLE PUTS THE
POTENTIAL VALUATION AT OVER US$20bn
365 days
METRO BANK COMPLETED A £303m
FUNDRAISING ON TUESDAY NIGHT THAT
REPRESENTED A 9.9% CAPITAL INCREASE.
IT CAME 365 DAYS AFTER THE BANK’S
PREVIOUS 9.9% CAPITAL INCREASE.
BOTH DEALS WERE RUN BY THE SAME
BANKS AND INVOLVED LENGTHY WALL-
CROSSING THAT MEANT THEY LAUNCHED
EFFECTIVELY COVERED
6.9%
ATRIA CONVERGENCE TECHNOLOGIES’
US$300m–$400m IPO MAY BE DELAYED
BY THE ENTRY OF RELIANCE JIO INTO THE
INDIAN BROADBAND MARKET, WHICH
COULD HIT ATRIA’S 6.9% MARKET SHARE
THAT MAKES IT THE THIRD LARGEST
PROVIDER IN INDIA. VODAFONE INDIA’S
PLANNED 2016 IPO NEVER HAPPENED AS A
RESULT OF RELIANCE JIO’S ENTRY INTO THE
MOBILE MARKET OFFERING FREE SERVICES.
VODAFONE INSTEAD OPTED TO MERGE
WITH IDEA, RECEIVING GOVERNMENT
APPROVAL FOR THE MERGER LAST WEEK