Watch Out For The IPO Effect
Bareksa • 08 Jul 2014
Two new listings in Asia compete for investor attention: tutoring software firm 3P Learning in Australia, and Chinese drugmaker Luye Pharma in Hong Kong. Also, Indonesia elects its next leader. (REUTERS/Jon Gordon)
China inflation data due out Wednesday.
Bareksa.com - This Wednesday (July 9) in Asia, two listings in two different markets, both worth watching. First, in Australia, the long awaited debut of 3P Learning which makes educational software. Can learning math be fun? 260 million U.S. dollars says yes -- that's the approximate price tag on its float. Then we got another market debut in Hong Kong -- Luye Pharma. A Chinese drugmaker once listed Singapore before it was bought out by a private equity consortium way back in 2012. (Source : Reuters)