China’s Hebei province to offer financial incentives to firms seeking IPOs

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Hebei is a politically important province, located on the doorstep of the capital.

S Korea’s PE-owned hypermarket chain Homeplus files for up to $1.5b REIT offering

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Private equity firm MBK Partners bought Homeplus from Tesco PLC for $6.1 billion in 2015.


Australian property classifieds site REA warns of slowdown, sector shares drop

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The company, majority-owned by News Corp, also booked a $122 million impairment charge on its Asian business.


India: Chalet Hotels shares jump 4% on stock market debut

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The Chalet Hotels IPO comprises a fresh issue of ₹950 crore and a secondary market sale of 246.85 crore shares by the promoter group.


SoftBank unveils $5.5b stock buyback, profit in Q3 surges 60%

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The technology and telecoms conglomerate did not release a forecast for the current business year, saying there were too many uncertain factors.


Alibaba challenger Pinduoduo to raise up to $1.5b in secondary offering

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Selling shareholders include Banyan Partners, Sun Vantage Investment and Lightspeed China.


Enterprise messaging platform Slack makes confidential filing to go public

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Slack is said to be still planning to pursue a direct listing as opposed to a traditional IPO as early as the spring.


China’s Shandong Ruyi plans IPO for $2b Lycra unit

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Ruyi recently closed the acquisition of Lycra, which was owned by an arm of Koch Industries, after regulatory delays hampered the transaction for months.


Tencent-backed Maoyan Entertainment makes tepid Hong Kong debut

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Its float is being watched as a test of investor sentiment for Hong Kong deals after a patchy performance by newly listed stocks in 2018 amid U.S.-China trade tension.


AB InBev said to pick JPMorgan, Morgan Stanley for Asia IPO

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A listing could give AB InBev’s Asian business a value ranging from $40 billion to $70 billion based on early estimates.