The Asset
Regional Awards 2018
Best Deals - Equity
Best equity /
Best IPO
Best IPO
Vinhomes Joint Stock Company US$1.35 billion IPO and US$853 million pre-IPO placement
The largest initial equity offering in Asia Pacific in 2018, utilizing the dual track process that included the private placement with Singapore’s GIC. The IPO was priced at the top-end of the marketing range.
Global coordinators and bookrunners:
Citi, Credit Suisse, Deutsche Bank, Morgan Stanley
Bookrunners:
HSBC, Maybank Kim Eng, SSI
Best mid-cap equity
Osotspa Company 15.1 billion baht IPO
Energy drinks maker priced at the top of the range and one of Thailand's largest corporate listings in 2018.
Lead underwriters:
Bualuang Securities, Phatra Securities
International underwriters:
Bank of America Merrill Lynch, J.P. Morgan
Best small-cap equity
Studio City International US$359.4 million IPO
Generated significant demand and priced at the top of the range, despite a turbulent market backdrop during the road show. It was also one of the best performing ADRs in 2018.
Underwriters:
Deutsche Bank Securities, Credit Suisse, Morgan Stanley
Best ADR
Pinduoduo US$1.70 billion US IPO
The largest US IPO by a Chinese company since Alibaba in 2014 and was priced at the top of the price range with the book multiple times covered on day one.
Bookrunners:
Credit Suisse, Goldman Sachs, China International Capital Corporation, China Renaissance
Best block trade
Naspers’ US$9.8 billion accelerated bookbuild offering of Tencent Holdings
The largest non-privatization secondary follow-on ever and the largest global tech follow-on in history.
Bookrunners:
Bank of America Merrill Lynch, Citi, Morgan Stanley
Best follow-on offering
Kakao Corporation US$1 billion global depositary share offering
The largest global depositary share offering out of Asia since 2008 and the largest Korean technology follow-on since 2009.
Global coordinator and bookrunner:
Citi
Best convertible bond
LG Chem US$608.2 million equivalent dual currency convertible bond
The first ever undocumented CB offering by a debut issuer in non-Japan Asia and the first ever in non-Japan Asia to list on the Vienna Stock Exchange.
Bookrunner:
Credit Suisse