Equity News
Nomura raises $4.4 billion from second share sale this year
After a difficult start as investors baulk at the repeat issuance and the size of the transaction, the deal attracts orders for about five times the number of shares on offer.




IPO Report
China Real Estate Information Corp seeks $248 million from US IPO
The spin-off from E-House (China) follows a difficult week for China property IPOs in Hong Kong.


Financial Sponsors
Morgan Stanley participates in MBO of Chinese drug company
The management buyout, which has been accepted by shareholders owning 96% of the company, values Sihuan Pharmaceutical at $318 million – although only $74.4 million of new capital is needed.




Outlook & Economics
Tax on US citizens poses a conundrum for Asia's rich
As the US tightens its oversight of taxpayers, Asia's rich may have to reconsider the US citizenship they have hitherto maintained.