Asia, Ipo | featured news

China's campaign to cut a huge backlog of initial public offerings has failed to deliver. Now there are signs that the authorities could be preparing to reopen the IPO floodgates.

Bharti Airtel's mobile-tower unit plans to raise around $800 million by selling a 10% stake via an initial public offering next month... Bharti Airtel, India's largest mobile-phone-services company by revenue and users, and other investors in the mobile-tower unit are looking to capitalize on improving foreign sentiment toward India. This follows steps announced by the federal government in September, aimed at encouraging foreign investment in sectors like retail and insurance.

Chinese motor-vehicle dealer China Yongda Automobiles Services Holdings plans to raise up to $433 million in an initial public offering ahead of its listing in Hong Kong on May 30, people familiar with the situation said.

The U.K. soccer giant chose Singapore for its $1 billion IPO so it could have a dual-share structure—one with voting rights and one without—that enables its owners to effectively retain control of the team.

Vodafone said that it has reduced its shareholding in its Indian operations to adhere to the nation's foreign direct-investment rules, paving the way for a possible initial public offering of the unit.

BYD, the Chinese battery and car maker backed by Warren Buffett, said it will kick off investor meetings for its domestic IPO on Thursday.

ChinaCache International Holdings, a provider of Internet content, soared 95% on its Nasdaq trading.

American International Group Inc is expected to name former Prudential Plc Chief Executive Mark Tucker as head of AIA, as it prepares the Asian life insurance unit for an initial public offering, a source familiar with the matter said on Sunday.

The Japanese insurer will seek $11.8 billion in what would be the world's largest initial public offering in nearly two years, in a move that will test renewed investor confidence in Japan's equity markets.

Casino operator Wynn Resorts is seeking to raise up to $1.6 billion in the Hong Kong initial public offering of its Macau casino operations after setting the price range for the deal over the weekend.