Vietnam plans 6.5 times more sales of stakes in state companies

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Stakes in 245 state companies are up for grabs in 2018, including four scheduled in the first quarter — Binh Son Refining and Petrochemical Co, PetroVietnam Oil Corp., PetroVietnam Power Corp. and Hanoi Beer Alcohol & Beverage JSC.

Vietnam

China’s stock regulator gives nod for five IPOs worth $1b

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Zoy Home Furnishing Co Ltd, Jiayou International Logistics Co Ltd and Hebei Yangyuan Zhihui Drinks Co Ltd will all list on the main board of the Shanghai Stock Exchange.


Chinese sportswear retailer Pou Sheng receives $1.4b privatisation offer

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The move follows a similar transaction last April when a consortium led by Hillhouse Capital Group and CDH Investments offered to buy out Hong Kong-listed Belle International Holdings Ltd in a $6.8 billion deal


Vietnam’s Binh Son (BSR) to trade on UPCoM in March

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Vietnam’s state-owned Binh Son Refining and Petrochemical (BSR) raised $245 million in its initial public offering (IPO) this month.


U.S. SEC says bitcoin funds raise ‘investor protection issues’

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The SEC has demanded answers to at least 31 detailed questions about how mutual funds or ETFs based on bitcoin would store, safeguard, and price that asset.


India: Jhunjhunwala-backed John Energy to file for $47m IPO

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Investment banks IDFC Bank and Keynote Capitals Ltd are advising the company on its initial share sale.


Japanese app Mercari expects $1.8b in valuation for its Tokyo listing in June

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The listing had initially be slated for 2017 but was delayed.


After Goldman Sachs, Morgan Stanley clearing bitcoin futures now

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The firm also convenes a regular meeting of executives to consider how else to engage with cryptocurrencies, its CFO said.


Encrypted messenger Telegram targets $2b in biggest ICO ever

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Telegram is seeking $850 million in a private sale of tokens to large investors this month and $1.15 billion in a subsequent public ICO in March.


Russian insurer RESO said to be considering IPO in 2018

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RESO is Russia’s third-largest insurer by the deal value. If the IPO goes ahead, the company would be the country’s first publicly traded insurance company.