Bank of America
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The Securities and Exchange Board of India has put the IPO plans of real estate company Lodha Developers on hold while it examines "past violations". -
Shares in Quilter, the UK asset management arm of Old Mutual, performed well in the aftermarket on Monday after its £239m London IPO.
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South Africa’s Investec Bank is close to wrapping up the syndication process for a $300m three year loan.
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Meituan Dianping, one of China’s biggest unicorn technology start-ups, is seeking an IPO in Hong Kong that could raise upwards of $4bn.
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Chinese online auto trading platform Cango is looking to raise up to $300m from an IPO on the New York Stock Exchange.
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Xiaomi has covered its whopping HK$48bn ($6.1bn) listing thanks to a strong flow of early orders, according to a book message sent out on Friday morning, a day after bookbuilding kicked off.
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Chinese technology giant Xiaomi Corp kicked off bookbuilding for its up to HK$48bn ($6.1bn) Hong Kong IPO on Thursday, set to be the largest globally in nearly two years, after a series of twists and turns that put it firmly on the market’s radar. Jonathan Breen reports.
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The week began with that rarest of things in recent times, a welcoming political backdrop. It was marred, however, by monetary policy meetings from the two most important central banks in the world. While the US Federal Reserve’s second rate hike of the year was a foregone conclusion, it caused the dollar curve to flatten still further, making the euro market even more fertile funding territory than it has been for SSAs. But even so, euros had its own struggles this week, facing what one head of SSA syndicate called “one of the most important and unpredictable European Central Bank meetings for a long time”. Lewis McLellan reports.
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Public sector borrowers looking for dollar funding are likely to have to go even shorter than they have been used to after this week’s Federal Open Market Committee meeting, said SSA bankers.
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US firm Comcast has doubled down on its jumbo acquisition plans by offering to buy 21st Century Fox in an all cash $65bn deal that the cable company says it will run concurrently with its bid against the purchase target for UK media company Sky.
