• NLB IPO gets under way despite choppy markets

  

  Slovenia will brave volatile markets to privatise Nova Ljubljanska Banka (NLB), the country’s largest bank, before an end of year deadline set by the European Commission.

  • 15 Oct 2018

• Kazakh privatisation wave kicks off with nuclear IPO

  

  Kazatomprom, the Kazakh company that is one of the world's largest producers of natural uranium, is seeking an IPO in London and potentially Astana, the first of a number of expected sales by the state.

  • 15 Oct 2018

• China issues updated London-Shanghai Connect rules

  

  The China Securities Regulatory Commission has cut the lock up period for converting global depository receipts (GDRs) into A-shares in half for the London-Shanghai Stock Connect, expected to launch in late 2018.

  • 15 Oct 2018

• UK regulators ratchet up pressure on banks over climate change

  

  The Bank of England announced on Monday a consultation on a package of measures to tighten its scrutiny of banks’ and other financial firms’ readiness for climate change. The Bank’s approach is gradualist, but it is signalling clearly that firms must take the financial risks from climate change seriously, and that regulation in this area will be ramped up.

  • 15 Oct 2018

• Market rout claims another IPO victim but Knorr Bremse trades up

  

  Sonae MC, the largest Portuguese food retailer in Portugal, joined the list of IPOs felled by volatile markets this week, but the IPO market had some positive news on Friday as Knorr Bremse traded up.

  • 12 Oct 2018

• Global sell-off rocks capital markets

  

  A sharp sell-off in US equities on Wednesday led to global panic on Thursday as other indices followed suit. Asian and European markets showed some sign of life on Friday, although were still a long way down, but the ramifications of a change in risk sentiment could have lasting effects across capital markets, write Sam Kerr, Ross Lancaster, Costas Mourselas, Craig McGlashan and Aidan Gregory.

  • 11 Oct 2018

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Recent highlights

• Knorr-Bremse sellers price IPO at pragmatic range

  Despite huge demand for shares in the IPO of Knorr-Bremse, its sellers chose a conservative price of €80 a share.

  • 11 Oct 2018

• LeasePlan pulls Amsterdam IPO amid global market sell-off

  LeasePlan, the Dutch car leasing company, abruptly pulled its planned €1bn-plus IPO on Thursday as global equity markets plunged into a sea of red.

  • 11 Oct 2018

• Volatility could kill off market, say ECM bankers

  A prolonged bout of equity market volatility could scupper equity capital markets for the rest of the year, according to bankers speaking to GlobalCaptial during Thursday’s global equity market sell-off.

  • 11 Oct 2018

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Deals in the pipeline

• Hassan Allam preps listing in London and Eygpt
• Eurotorg seeks $1bn valuation in landmark IPO
• Schibsted to float online classifieds business
• Investec to list asset management arm
• Banks underwrite Aryzta’s €800m rights issue
• Old Mutual asks for £200m to invest in pre-IPO UK companies
• Trade war tensions push Volvo Cars to postpone jumbo IPO
• Asset Value seeks £200m for Japan activist fund in London
• Sibur IPO talk premature, says CFO
• Swiss Re mulls spinoff of UK closed-book life division
• Bob Diamond buys Kepler stake, IPO possible later
• EN+ sale coming as Deripaska steps back for sanctions relief
• Vodafone to try equity-neutral mando magic again
• Reit market is choppy, but don't dismiss social housing
• Sausage sliced: sanctions stall Cherkizovo IPO
• IPO window reopens to test investor sentiment with EM flavours
• Africa back in the spotlight for equity buyers
• Market loses second jumbo Swiss IPO as HNA postpones Swissport
• Belfius postpones IPO until autumn amid fears of row with government
• Gategroup pulls IPO on valuation pressure, Godewind resizes
• Axel Springer, United Internet to float merged marketing unit

Completed deals

• Shurgard narrows IPO price range, covered throughout
• Westwing trades below issue price on debut in Frankfurt
• Aston and Funding Circle trading fails to diminish IPO market
• Burford Capital raises £196m of fresh equity
• France sells slice of Safran as part of Macron privatisation drive
• Aston Martin races to £4.3bn valuation but trades down
• Basic Fit block sells fast but dips slightly in trading
• Blackstone achieves smooth execution on Intertrust sale
• RAG-Stiftung bags €1bn from Evonik sales
• Trian prices £270m SPAC in London
• Glencore proves arb is not dead with $125m equity-neutral tap
• Sulzer pockets Sfr15m profit on sanctions relief trade
• Korian issues €60m tap of hybrid perpetual CB
• Cipla IPO could tempt other African issuers to go local
• Sumitomo Forestry issues first ever green convertible bond
• SGL Carbon powers through convertible bond
• Investor darling Adyen left unloved after lockup lifted for €1.65bn sale
• Deutsche Bank left with 22% of Instone after ‘weird’ block trade
• Bain Capital’s first TI Fluid Systems block trade sells well
• Moratti family sells 10% stake in Saras
• Elliott serves up 6.3% of its Charter Court shares
• BC Partners trades out of Sabre in £116m trade
• Glenveagh Properties finalises €213m placing
• Rainbow Rare Earths completes capital increase to fund new African mining ventures
• Fever-Tree founders sell £103m of stock at highest price yet