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Li Ka-shing's Hutchison Whampoa may list mega IPO in Singapore Exchange

Hong Kong billionaire tycoon Li Ka-shing's Hutchison Whampoa announced plans to spin off its Hong Kong and China port assets on Singapore Exchange. Should the IPO plan were to go through, it would be a massive US$6 billion ($7.7 billion), making it the biggest IPO in Singapore ever, eclipsing previous mega deals like SingTel, Global Logistics Properties and Mapletree Industrial Trust.

Hong Kong Exchange VS Singapore Exchange [via]
Hong Kong Exchanges & Clearing, the operator of Hong Kong’s bourse, has a market capitalization of US$25.6 billion and trades at 42.2 times profit, according to data compiled by Bloomberg. Singapore Exchange has a market value of $7.1 billion and a price-earnings ratio of at 29.9, the data show.

“If you list in Hong Kong then you will be competing for capital with China Merchants and Cosco Pacific,” said Johnson Leung, an analyst at Tufton Oceanic Far East in Hong Kong. “If you list in Singapore there are no comparables.”

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