Equity investors expect there will be an IPO of Saudi Aramco this year as long as Saudi Crown Prince Mohammed Bin Salman (MBS), and the Saudi government, go ahead with the deal at a valuation below his $2tr aim. But some are concerned the Saudi's will push ahead with whatever value they deem the company is worth, regardless of initial feedback.
Clearing & Exchanges
SoftwareOne Holding, the KKR-backed IT services company, is making good progress on its IPO on the SIX Swiss Exchange, despite market sentiment being hit by the poor aftermarket performance of TeamViewer, the German software company that listed in Frankfurt last month.10:00 AM
Hong Kong’s stock exchange has awarded China Feihe, a baby milk formula producer, its final stamp of approval to list.08:45 AM
Two Indian rating agencies have highlighted their concerns on the debt servicing ability of dollar bond issuer Jain Irrigation Systems amid a liquidity crisis in India.08:30 AM
Shanghai Sinooil Energy Holding Hong Kong, a subsidiary of state-owned China Energy Reserve and Chemical Group, has defaulted on a $400m offshore loan.08:30 AM