By Mars Woo
Based in Australia, AusCann seeks to produce clinically validated cannabinoid medicines.
Australia’s largest pension manager will cut its equities exposure over the next 12 months, moving more money into fixed income and cash. A Thai fund will avoid developing countries’ shares and bonds, and a Philippines counterpart is balking at investing in its own nation’s stock market.
The company has already raised 800 billion rupiah in convertible bonds, which will be converted to shares upon listing.
Issuers can only offer tokens to retail investors of up to 300,000 baht ($9,050) each.
The biggest IPO is expected from Chalet Hotels Ltd, backed by Mumbai-based real estate group K Raheja Corp. Others who have filed IPO prospectuses include The LaLiT hotel chain owner Bharat Hotels Ltd, Multiples PE backed Milltec Machinery Ltd and business to business (B2B) e-commerce firm IndiaMART InterMESH Ltd.
Bitmain, IDG Capital Fund, and IDG Capital Investors have agreed to purchase $50 million, $9.53 million, and $471,000, respectively, worth of Opera’s ordinary shares.
IPO pipeline looks robust for the year, but the fundraising for capital expansion may take time.
RITES shares opened at Rs 190, up 2.7% from its issue price of Rs 185, after the IPO was subscribed nearly 67 times.
MobiFone had previously held an auction to sell its shares in SeABank and TPBank last April as part of its strategic plan to focus on its core businesses.
Babytree was valued at RMB 14 billion ($2.19 billion) following Alibaba’s investment,