01-04-2015, 09:54 PM
(01-04-2015, 08:53 PM)leeeta Wrote: [ -> ](01-04-2015, 12:49 AM)roxhockey Wrote: [ -> ]But why leave it so late? They have had so much time, why leave it until now to get things started? Wouldn't it have been much better to have everything prepared and then you can launch the IPO when the market is favourable?
Now they are running the risk of running out of time should something take longer than expected or the IPO window closes for whatever reaaon...
I just cant see any good reason why theres even a question as to whether theyre prepared for the IPO? This should have been locked in.
Blame the HK ipo process and policy changes in late 2013. Guess, a lot of ipo managers have to readjust their strategies/plans in light of the new policies. The new policy requires that everything must be completed before companies can submit the forms. Stringent checks are also required to be performed and for Sino Grandness, 60-70% of their 200+ distributors have to be interviewed. All that takes time.
I know nothing on the company IPO, but I do know a bit on HKSE, due to my holding of SGX. I would like to provide an input here.
Assuming the culprit is the HK IPO procedure and policy changes in late 2013. I reckon the company shouldn't be the only one affected, but across the board.
Let's look at HKSE IPO performance in 2014
- Total equity raised was HK$232.5 billion, a 38 per cent rise from 2013.
- 122 companies were newly listed, compared to 110 in 2013
Source: https://www.hkex.com.hk/eng/newsconsul/h...05news.pdf
I am not sure where is the problem, but the culprit shouldn't be the HK IPO procedure, which others were able to get listed.
(not vested)