Kane Wu
Stories by Kane Wu
Chinese video-streaming platform iQIYI launches $300m convertible bond issue
iQiyi will use the proceeds to repay or repurchase existing debt securities and for general corporate purposes.
India’s Carlyle-backed Hexaware valued at $5b in solid debut
Carlyle, which bought Hexaware in 2021, sold about 21% stake in the IPO.
China’s Sany Heavy Industry eyes $1.5b Hong Kong listing
The listing could happen in the second half of this year.
Bain buys Mitsubishi Chemical’s pharma unit in $3.36b deal
Bain is making the investment mainly via its Asia PE fund.
Shein poised to slash valuation to $50b in London IPO
Shein had been aiming to go public in London in the first half of this year.
Barclays names ex-Goldman banker Paul Johnson as APAC head of equities
He will focus on equity derivatives, equity-linked financing, and electronic trading.
PAG acquires majority stake in Indian packaging firm Pravesha Industries
PAG has also signed definitive documents to invest in Manjushree Technopack.
Shein aims for London IPO by mid-year
The London listing push comes after the company ended its attempt at a US IPO.
OCBC, CIMB submit bids for stake in Indonesia’s Panin Bank: report
Mitsubishi UFJ and Sumitomo Mitsui Banking Corp are also interested in the stake.
Asia data centre valuations touch the sky amid AI frenzy
Many industry executives say the regional data centres will continue to command high valuations.
