SHANGHAI, China, Dec. 30 /PRNewswire-Asia/ -- Bank lending has increasingly tightened along with the spreading global financial crisis. Going public forms an important source of funding for the capital seeking companies nowadays. Adequate preparations have become essential for the issuers seeking listing in such a market environment. Research by German Institutional Investment Real Estate Magazine shows that it is imperative for the issuer to select appropriate IPO advisors to obtain correct and accurate guidance throughout the listing process.
The latest issue of Institutional Investment Real Estate Magazine published the ranking for IPO advisors on the Regulated Market of the Deutsche Borse from 2004 to 2008. Riemann Investment Holdings Ltd (“Riemann Investment”), as the only top-ranked non-European financial advisory firm, was at the 4th spot with the total amount of fund raised standing at EUR191.6m.
IPO Advisor Ranking 2004-2008 (Regulated Market)(1)
Ranking IPO-Advisor(2) Issue Number of Average
Volume(3) Mandate Issue Volume
1 Lilja&Co. 5.330,5 4 1.332,6
2 Blattchen&Partner 1.423,9 11 129,4
3 MainFirst Bank 656,7 2 721,2
4 Riemann 191,6 2 95,8
(1) Source: ipo-advisory.com;
(2) Listed IPO advisors have at least two successful mandates since 2004；
(3) Issue Volume in Million Euro
IPO advisors’ roles are usually played by highly experienced capital market experts, providing clients with a very detailed level of business consultation as well as objective and transparent market information throughout the entire listing process. Some investment bankers dislike the presence of IPO advisors, as they may feel uncomfortable and pressured in the process of rendering listing services by the appointment of IPO advisors who frequently possess comprehensive knowledge of all intermediary teams’ professional services and fees charged. Nonetheless, they also point out that IPO advisors are often pragmatic. As a large number of documents need to be drafted and a series of agreements need be signed among the various issuers in the course of an initial public offering. While the issuers sometimes have little knowledge of the service providers involved, the participation of IPO advisors can facilitate and largely contribute to the smooth running of the listing process.
About Riemann Investment
Riemann Investment Holdings Ltd. specializes in and is dedicated to providing fast-growing, high potential Chinese domestic companies with custom-tailored professional financial services in the areas of financing and overseas listing. We take pride in our highly experienced professional team that is capable of creating and delivering timely, suitable solutions for clients and helping them achieve their valued creations. Over the past two years, Riemann Investment successfully completed 3 IPOs as well as numerous private equity investment projects, with aggregate amount of fund raised at RMB 3 billion yuan and clients’ total market capitalisation at nearly RMB 10 billion yuan.
In 2008, Riemann Investment became the only Chinese financial advisory firm that received the honorary titles of both Listing Partner of the Deutsche Borse and Listing Sponsor of NYSE Euronext Alternext.
For further information on Riemann Investment and contact details, please visit Riemann Investment’s website at http://www.shrminvest.com .
