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Thailand bags $2bn through IPOs in October

Bloomberg Investors are snapping up first-time share sales in Thailand despite the rout in global equity markets. In October alone, Thai firms and the country’s government raised $1.95 billion through initial public offerings (IPOs), the most for a single month since 2013, according to data compiled by Bloomberg. That’s even as the equity rout derails listings around the world, from ...

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China’s firm Innovent raises $421mn in Hong Kong IPO

Bloomberg Innovent Biologics Inc., a Chinese biotech firm backed by Temasek Holdings Pte, raised HK$3.3 billion ($421 million) after pricing its Hong Kong initial public offering near the top of a marketed range, people with knowledge of that matter said. The Suzhou-based company priced it sale of 236.35 million shares at HK$13.98 apiece, the people said, asking not to be ...

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‘Australia faces weaker house prices if government changes’

Bloomberg Australia is likely to see weaker property prices and diminished productivity under policy proposals by the opposition Labor party that’s on track to win government, says Royal Bank of Canada (RBC). House prices could fall 15 percent under plans to curb property investment tax breaks, while proposed changes to other investor perks could shave up to 0.2 percent from ...

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