Westports raises $624 million and Baidu unit files for US IPO

The recent spike in IPO activity continues with Philippine casino operator Travellers and NW Hotel Investments flagging they are ready to launch after a three-month delay and Qunar planning the largest Chinese listing in the US in two years.

Qunar, which is 61% owned by Nasdaq-listed Chinese search engine provider Baidu, filed an application for a $125 million IPO on the New York Stock Exchange.

Anette Jönsson

October 02, 2013

Hong Kong and China may have been on holiday for Chinese National Day, but there was still quite a lot of Asia-related equity capital markets activity as the fourth quarter kicked off on Tuesday.

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