Feb 5, 2020 - Economy & Business

Coronavirus outbreak threatens some IPOs

Illustration: Aïda Amer/Axios

PT Softex, an Indonesian sanitary product maker backed by CVC Capital Partners, may postpone its local IPO because of coronavirus concerns, per Bloomberg. This comes just weeks after Atotech, a German chemicals group owned by The Carlyle Group, delayed its U.S. IPO for similar reasons.

Why it matters: The fear and supply chain challenges are real, as are the difficulties in setting up travel and meetings with prospective Chinese investors. PT Softex, which seeks to raise upwards of $400 million, also has the added challenge of a soft Jakarta stock market.

The bottom line: "Softex, which was set up in 1976, sells its products in more than 35 countries, including developing economies where clean feminine-hygiene products are often considered luxury," Bloomberg reports.

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Coronavirus cases rise as 14 American evacuees infected

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's NHC; Note: China refers to mainland China and the Diamond Princess is the cruise ship offshore Yokohama, Japan. Map: Danielle Alberti/Axios

14 Americans evacuated from the Diamond Princess cruise ship tested positive for the novel coronavirus before being flown in a "specialist containment" on a plane repatriating U.S. citizens back home, the U.S. government said early Monday.

The big picture: COVID-19 has now killed at least 1,775 people and infected more than 70,000 others. Most cases and all but five of the deaths have occurred in mainland China.

Go deeperArrowUpdated 2 hours ago - Health

Coronavirus outbreak fuels concerns about pharma's global supply chain

A medical worker walks out of a hospital in Wuhan, China, on Jan. 27. Photo: Feature China/Barcroft Media via Getty Images

The spread of the coronavirus in China has raised concerns about the pharmaceutical industry's global supply chain, STAT reports.

Between the lines: China produces a large portion of the ingredients used to make drugs. As the coronavirus spreads and sends China increasingly into lockdown, it's causing experts to question whether the supply chain is stable.

Go deeperArrowJan 28, 2020

The coronavirus is infecting everything in the energy sector

Illustration: Aïda Amer/Axios

It's hard to get one's head around all the ways that coronavirus is affecting oil markets, energy-related industries and even carbon emissions.

Why it matters: The tragic outbreak underscores that when it comes to energy, China is the straw the stirs the drink as the world's largest oil-and-gas importer, largest auto market and largest carbon emitter.