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Jon Springer
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I studied political philosophy in college at the London School of Economics. I have experience in trust banking. I have been published in the UB Post, Forbes Asia, and on Seeking Alpha. Frontier and emerging markets research and writing is my work. Sri Lanka and Mongolia are the primary focus of... More
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  • Anticipated IPOs Of Mongolia Related Companies 2 comments
    Apr 17, 2012 7:03 PM

    A complete list of my disclosures regarding Mongolia may be found at the Mongolia Weekly Update which also serves as my home page for Mongolia-related topics.

    IPOs (and RTOs) on Public Exchanges Outside Of Mongolia

    Company, primary business(es), expected listing exchange, timeline, lead banks/brokers

    Altain Khuder, iron ore, Hong Kong and/or London, ?

    Asia Pacific Investment Partners, real estate & cement & more, 2013, Hong Kong and/or London

    Boldtumur Eruu Gol, iron ore, Hong Kong, 3Q or 4Q 2012

    Erdenes Tavan Togloi, coking and thermal coal, Hong Kong and London, between 3Q2012 and 2Q2013, Goldman Sachs, Deutsche Bank, Macquarie, et al

    Eumeralla Resources, tungsten, Australia, 2Q or 3Q 2012, CPS Securities

    First Mongolia (related to GCN Go Connect), Australia, First Mongolia annoucement

    Gobi Coal & Energy, coking coal, Canada, 2Q or 3Q 2012, BMO & Goldman Sachs

    Ikh Gobi Energy LLC, coking coal, Hong Kong, 2013, relevant article

    Kara Minerals, tin, Australia, 2012?, prospectus from November 2011 from prior listing attempt in December 2011

    Kumai Energy Limited, coal, Australia, 2Q 2012, CPS Securities, brochure - contact CPS to participate

    Market Vectors Mongolia ETF (Van Eck), mixed, NYSE, ? (May 2011 SEC Filing) (data on Van Eck's Vietnam ETF to consider)

    Mogul Ventures, thermal coal, Canada, 2Q or 3Q 2012, relevant interview parts 1, 2 & 3

    Monvest (National Lottery), Frankfurt (please note that gambling is not legal in Mongolia)

    Real Estate Mongolia, real estate, Canada, 2Q or 3Q 2012, ResCap, relevant interview

    Wolf Petroleum, oil & gas, Australia, CPS Securities

    IPOs expected on the Mongolia Stock Exchange

    Aurum Resources, gold, BDSec (aiming to raise USD$8 million)

    Beren Group, iron ore, BDSec (aiming to raise USD$120 million!!!, expected to have a market cap of USD$593 million after IPO - this is the IPO to watch)

    E-Trans Logistics, logistics, BDSec (aiming to raise USD$.7 million)

    Erdenes Tavan Tolgoi (see above, co-listing with Hong Kong and/or London)

    Last updated April 11, 2012

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  • Schumpeter_1
    , contributor
    Comments (239) | Send Message
     
    Jon,

     

    Thanks for the update !!
    (Didn't you forgot M.A.D. ?)

     

    What do you exactly mean with your comment ('please note that gambling is not legal in Mongolia") on Monvest ?
    That it is a state monopoly (allowed to a company) ? Or really forbidden ? And are Mongolians real gamblers like Chinese ?

     

    Many thanks.
    9 Apr 2012, 08:25 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    Author’s reply » Greetings Schumpeter_1,

     

    M.A.D. = Real Estate Mongolia. Real Estate Mongolia, which is on the list, is the name of the investment company that will IPO while M.A.D. Investment Solutions will continue to service individual clients.

     

    Regarding gambling:
    a) it really is not legal according to several people I made inquiries with;
    b) as I understand it, there was legalized gambling for a while and it was viewed as bad for the society and removed;
    c) there are parties trying to set up a casino near the new airport being built; or elsewhere; but these casinos would be for foreigners only;
    d) thus, I'm unclear on how this lottery will work and what the legal framework for it will be; but I'm keeping an eye on it.
    9 Apr 2012, 10:12 AM Reply Like
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