Two J-REIT deals shook off wild share price movements last week to find a strong response from investors. Japan’s largest IPO of this year priced at the top of guidance and a chunky REIT follow-on succeeded, despite the sharp drop in real estate stock prices in recent weeks.
Two disappointing trading debuts of otherwise highly successful business trust IPOs have raised questions over the outlook for yield-driven offerings.
The New Zealand government has hired Deutsche Bank/Craigs Investment Partners, Goldman Sachs and Macquarie as joint lead managers for the IPO of renewable power producer Meridian Energy. The hydro- and wind-power producer is the next divestment in New Zealand’s privatisation programme.
- Jumbo Japan IPOs brave volatility
- Hengan lands year's largest Asian CB
- CapitaLand goes long with CB
- Aviation trust stalls as airlines float
- IDRs are fungible – once a year
- Singapore: Croesus to test BOJ effect
- Foreign assets liven up SGX