Greater China
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Two new funds push EQT’s evergreen business NAV to $11.4b in H1
The company makes optical modules used in AI data centres.
Vietnam
The offering marks one of the largest listings in Vietnam in the past two years.
India
MakeMyTrip has been listed on Nasdaq since 2010.
The IPO would be one of Hong Kong’s most closely watched listings in years.
The over-subscription rate, however, was much lower than most recent Chinese IPOs.
Rest of Asia
JERA has started examining U.S. market conditions.
EU’s €3 fee on low-value e-commerce imports likely to dent growth.
The payout would bring the year’s total fees from mainland IPOs to about $684.6m.
Anchor investors include BlackRock and sovereign wealth funds from Singapore, Abu Dhabi and Norway.