INSIDE Public Accounting’s Post

Discover how Japan's corporate governance landscape is undergoing a remarkable transformation, which we believe is an increasingly attractive destination for global investors. From enhancements in corporate governance to reforms in the Tokyo Stock Exchange, Japan appears poised to become a more relevant and attractive market: https://lnkd.in/gTDUuUBV #ADeeperLook

Expect more public-to-private transactions in #Japan going forward. (link to full article in the comments) "Activist shareholders are making greater demands on businesses as well. Consultancy IR Japan counts 66 shareholder proposals by activists this year as of October, the second-highest number after 71 for all of 2023. Delistings are expected to remain high. Takeover proposals no longer are limited by company size, as seen in the offer by Canadian retail giant Alimentation Couche-Tard for 7-Eleven operator Seven & i Holdings, which has a market capitalization of over $40 billion. The number of cross-shareholdings between Japanese companies has decreased, making it easier to complete hostile takeovers."

A few intensive weeks, meeting many Swedish global companies, talking at various M&A events, as well as our own Corporate M&A Roundtable, has provided a few recurring topics: 1) The role of the M&A team keeps broadening, into portfolio management and supply chain resilience etc. 2) M&A outlook blurred by * few structured auctions relative to bilateral processes, * IPO window still closed but opening * still considerable gaps in valuation bring many processes to a halt 3) M&A sell-side/carveout an increasingly important tool to finance investments in core business and AI/newTech 4) US buyers finding EU Target attractive at lower multiples, whilst EU companies look to US to expand presence on-site Brave new world!

Guotai Junan Securities Co., Ltd. and Haitong Securities Co., Ltd. on Thursday issued a joint circular at the Hong Kong Exchanges and Clearing Limited and a draft report on merger and restructuring at the Shanghai Stock Exchange, disclosing further details about the merger and restructuring of the two companies. #Xinhuasilkroadnews #GuotaiJunan #HongKong #Shanghai #Stock https://lnkd.in/gwu47RNN

Offshore Listing & IPO - Hong Kong IPG will join the Business event hosted by The Stock Exchange of Hong Kong Limited. Key briefs about Hong Kong listing & Capital market: Hong Kong Stock Exchange 1.   Main Board (HKEX Main Board) ·     Established companies that satisfy financial and track record requirements ·     Total Market size: (USD) 4.59 Trillion ·     Average daily trading volume: 204,017 Million Shares, 13,032 Million USD ·     Number of listed companies: 2,274 2.   Growth Enterprise Market (HKEX GEM): ·    Growth companies that do not fulfil the Main Board requirements of profitability or track record. ·     Total Market size: (USD) 8,033 Million ·     Average daily trading volume: 383 Million shares 17 Million USD ·     Number of listed companies: 332 3.  Market Statistics – Follow on fundraising ·     2021: HK$441.9 billion (US$56.3 billion) ·     2022: HK$147.3 billion (US$18.7 billion) #IPG #IPO

Part 2 of our bite-sized #IPO interview focuses on the common question about the timing of listing. Drawing from our experience, we highlighted that even during the MCO in 2020, we completed the highest number of IPO reporting assignments and have since worked on 26 listings, including 9 this year. There’s no definitive 'right time' to list. Given the time required from preparation to launch, the right approach is to start preparing as early as possible. https://lnkd.in/gAfWg-MY

💬"A question I would ask is how many years do we aim to double the number of companies listed on the stock exchange. New companies definitely attract new investors. It's up to all of us to present ourselves well and be welcoming to new companies that want to list, to communicate, even if the topics are difficult... it's important to communicate." – Daniela Maior (Șerban), ARIR President & Co-Founder. 🎤During the ZF Piața de Capital 2024 conference, Daniela Maior (Șerban) discussed the listing of new companies on the Bucharest Stock Exchange (BVB) and the opportunities that come with it. 📈Listing companies on the Bucharest Stock Exchange is an excellent opportunity to attract new investors and strengthen market position. 📱For more information, we invite you to visit the following link: https://lnkd.in/eq_iMeYA #ARIRRomania #InvestedInSuccess #InvestorRelations

The revenue of Germany's five leading public companies amounts to EUR 904.7 billion which is 70% less than the USD 1.53 trillion revenue of the first five stock market issuers in the USA [See who they are in Comments]. The first European economy is lightyears away from the world's leading economy, isn't it? The top five US companies represent the "new economy" (tech), while their German counterparts are the "old economy" (automotive, insurance, telco). What is the future of the Old Continent as long as its strongest economy is so outdated? 🤔 #marketcap #USA #Germany

What to do in this current market scenario ? Let's understand this simply first, followed by action to be taken. To view our portfolio baskets, you can check the MIRA Money application. #Nifty #Nikkei #Nasdaq #S&P500

The Listings Landscape: A Call to Action for 🇸🇬 Do you know that in 2006, SGX was the second-largest IPO market globally, after the New York Stock Exchange (NYSE), in terms of total IPO proceeds. That year, SGX saw 134 IPOs that raised a total of SGD 14.4 billion (approximately USD 10.3 billion). We're at an inflection point, where innovation and technology are redefining the very fabric of our industry. It's time to ask ourselves: what will it take for Singapore to reclaim its position as a premier listings destination? I welcome the MAS review group and whole of ecosystem approach to be taken in confronting what is multi-faceted issue (including how to drive up liquidity and build market depth, and role of global wealth managers in building SGX up). The latter is incentivised to bring maximum value to their investments so any listing venue that does that wins. Perhaps we can consider a sectorised approach in building this like we did with REITs. We once had an electronics cluster before and maybe focusing in attracting the value chain of investments in AI, for example. Let's come together to shape the future of our listings landscape. Share your thoughts and ideas – I look forward to your thoughts on this conversation. #ListingsRevival #Singapore #FinancialIndustry #Innovation https://lnkd.in/gU9HmcVt