Dave Sebastian

Hong Kong

Asia Equity Capital Markets Reporter at Bloomberg News

Asia equity capital markets reporter at Bloomberg @business, covering IPOs and other equity offerings in the region. Retweets ≠ endorsements.

Articles

Investor Rush for India Exposure Revs Up Block Deals, IPOs

2 weeks ago | bloomberg.com | Dave Sebastian

(Bloomberg) -- India’s market for share sales is warming up after a several dull months, as companies and shareholders cash in on a buoyant stock market. The South Asian nation saw $6.4 billion raised through share sales in May, the highest monthly total since December 2024, according to data compiled by Bloomberg. Block trades worth $5 billion were the biggest contributors, marking the busiest month for such deals since March last year.
Soy Sauce Maker Foshan Haitian Starts Taking Orders for Up to $1.2 Billion Hong Kong Listing

2 weeks ago | bloomberg.com | Dave Sebastian

Bottles of Foshan Haitian Flavoring & Food soy sauce in Beijing. (Bloomberg) -- Foshan Haitian Flavouring & Food Co. began taking investor orders for a Hong Kong listing that could raise as much as HK$9.56 billion ($1.2 billion), the latest deal of its kind powering the city’s share-sale recovery this year. The Chinese maker of soy sauce and other condiments is offering 263 million shares at HK$35 to HK$36.30 each, according to a listing document Wednesday.
Soy-Sauce Maker Foshan Haitian Starts Taking Orders for Up to $1.2 Billion Hong Kong IPO

2 weeks ago | flipboard.com | Dave Sebastian

A new report by the World Bank released on Tuesday underscores the true damage being done by President Donald Trump's tariff war — and just how much …
Grab Plans Big Convertible Bond, Fueling Hopes About GoTo Deal

2 weeks ago | news.bloomberglaw.com | Dave Sebastian |Eduard Gismatullin

Grab Holdings Ltd. announced plans for a $1.25 billion sale of bonds convertible into stock, fueling speculation it’s bulking up its warchest to take over rival Southeast Asian delivery-and-transport provider GoTo Group. GoTo shares rose as much as 6.6% in Jakarta Tuesday after Singapore-based Grab, whose app is ubiquitous in Southeast Asia for ride hailing and food delivery, saidit will issue convertible bonds that mature in June 2030, partly to fund potential acquisitions.
Grab’s Big Convertible Bond Fuels Hopes About GoTo Deal

2 weeks ago | bloomberg.com | Dave Sebastian |Eduard Gismatullin

A man walks past a Grab Holdings Inc. facility in Singapore, on Friday, Sept. 25, 2020. Alibaba Group Holding Ltd. is in talks to invest $3 billion in Southeast Asian ride-hailing giant Grab, according to people familiar with the matter. Photographer: Ore Huiying/Bloomberg(Bloomberg) -- Grab Holdings Ltd.
Ping An Insurance Raises $1.5 Billion From Convertible Bonds

3 weeks ago | bloomberg.com | Dave Sebastian

The Ping An International Financial Center in Beijing. (Bloomberg) -- Ping An Insurance (Group) Co. of China Ltd. has sold HK$11.8 billion ($1.5 billion) in bonds that can be converted into shares listed in Hong Kong, marking the insurance giant’s second such offering in under a year. The convertible bonds carry a zero coupon and are due in 2030, according to a company filing in Hong Kong on Wednesday and earlier deal terms seen by Bloomberg News.
Shein Is Said to Weigh Switching IPO to HK Instead of London

1 month ago | bloomberg.com | Pei Li |Dave Sebastian

Shein bags. (Bloomberg) -- Shein Group Ltd. is considering switching its planned initial public offering to Hong Kong from London, people familiar with the matter said, representing the latest twist in the fast-fashion retailer’s turbulent pursuit of going public. Shein and its advisers have shifted focus because the approval process with Chinese regulators for its proposed London listing was dragging on, the people said, asking not to be identified because the deliberations are private.
BAT Upsizes Sale of Tobacco Maker ITC Shares to $1.5 Billion

1 month ago | bloomberg.com | Julia Fioretti |Dave Sebastian |Baiju Kalesh

British American Tobacco Plc logos sits on a glass pane at their research and development laboratories in Southampton, U.K., on Wednesday, Jan. 18, 2017. BAT, the maker of Lucky Strike and Pall Mall cigarettes, forecast earnings growth this year as it completes its purchase of Reynolds American Inc. and expands sales of a smoking alternative product across Japan to catch up with Philip Morris International Inc.
World’s Biggest Listing Gets Bigger After CATL Exercises Option

1 month ago | news.bloomberglaw.com | Dave Sebastian

Contemporary Amperex Technology Co. Ltd. has raised HK$41 billion ($5.2 billion) for its Hong Kong share sale after arrangers of the deal exercised the so-called greenshoe option to increase the offering, making the world’s biggest listing this year even bigger.
World’s Biggest Listing Gets Bigger After CATL Exercises Option

1 month ago | bloomberg.com | Dave Sebastian

CATL founder Robin Zeng at the company's listing ceremony on May 20. (Bloomberg) -- Contemporary Amperex Technology Co. Ltd. has raised HK$41 billion ($5.2 billion) for its Hong Kong share sale after arrangers of the deal exercised the so-called greenshoe option to increase the offering, making the world’s biggest listing this year even bigger.