Allen & Overy is advising Vietnamese internet company VNG on its planned IPO on the Nasdaq, with Skadden, Arps, Slate, Meagher & Flom and VILAF acting for the underwriters. The listing is expected to raise $150 million.

Sullivan & Cromwell is advising SoftBank Group on the planned NASDAQ IPO of its UK subsidiary, chip designer Arm Holdings, which is represented by Morrison & Foerster. Davis Polk & Wardwell is acting for underwriters.

Shaking off the COVID-19 shadow after three isolated years, Hong Kong is now gripped by a fresh challenge as subdued markets sap the appetite for fundraising activities. With weak global demands and domestic headwinds putting a dent in China's much-hyped reopening, Hong Kong's capital markets have been struggling to take off.

Hiswara Bunjamin & Tandjung, the Indonesia association firm of Herbert Smith Freehills, has advised copper smelter Amman Mineral Internasional on its planned 12.94-trillion-rupiah ($881 million) IPO on the Indonesia Stock Exchange.

Khaitan & Co has advised Indian infrastructure company JSW Infrastructure on its planned 28-billion-rupee ($342.4 million) IPO, with Trilegal acting for underwriters.

Shardul Amarchand Mangaldas & Co. has advised Indian pharmaceutical company Mankind Pharma on its 43.26-billion-rupees ($527 million) IPO on the Bombay Stock Exchange and National Stock Exchange, with Cyril Amarchand Mangaldas and Sidley Austin acting for the bookrunning lead managers.

Latham & Watkins and Assegaf Hamzah & Partners have advised Indonesian nickel producer PT Merdeka Battery Materials on its 8.75 trillion-rupiah ($586.46 million) IPO on the Indonesia Stock Exchange, with Linklaters acting for underwriters.

Davis Polk & Wardwell and King & Wood Mallesons are advising Chinese liquor company ZJLD Group on its planned $812 million IPO on the Stock Exchange of Hong Kong, with Cleary Gottlieb Steen & Hamilton and Haiwen & Partners acting for the underwriters.

Witara Cakra Advocates has advised Indonesian nickel company Trimegah Bangun Persada, also known as Harita Nickel, on its 10-trillion-rupiah ($669.79 million) IPO on the Indonesian Stock Exchange, with Clifford Chance and Ginting & Reksodiputro acting for the underwriters.

Nishimura & Asahi and Sullivan & Cromwell are advising Rakuten Bank on its planned 106.8-billion-yen ($807 million) initial public offering on the Tokyo Stock Exchange’s prime market, with Simpson Thacher & Bartlett and Anderson Mori & Tomostune acting for the underwriters.