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GC Asia
IPOs
Wise launches historic direct listing in London
Wise, the UK financial technology company, is looking to make stock market history by becoming the first such firm to list on the London Stock Exchange through a direct listing.
17 Jun 2021
Equity
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Equity-Linked
Exchangeable mart grows as cheap financing option
A growing number of issuers are turning to exchangeable bonds to raise financing during the pandemic, with this week seeing a series of deals, including one from the Spanish banking foundation Criteria Caixa.
17 Jun 2021 -
ABBs/Block Trades
Mystery investor sells $296m of ADCB stock
An undisclosed shareholder has sold Dh1.1bn ($296m) of stock in Abu Dhabi Commercial Bank, one of the UAE’s biggest banking groups, through an accelerated bookbuild.
17 Jun 2021 -
IPOs
About You breaks Europe’s IPO duck but volatility continues
German fashion e-commerce company About You has traded up on its first day on the Frankfurt stock exchange bringing some cheer to a European IPO market which has been battered of late.
16 Jun 2021 -
ABBs/Block Trades
Helios Towers attracts strong demand for $160m M&A financing
Helios Towers, the London-listed telecoms towers company focused on the Middle East and Africa, has completed a $160m capital raising, including a $50m tap of its outstanding 2027 convertible bond.
16 Jun 2021 -
ABBs/Block Trades
Hipgnosis Songs Fund readies another share sale
Hipgnosis Songs Fund, the London-listed investment trust focused on music catalogues, has announced a £150m share placing to fund its backlog of asset acquisitions.
16 Jun 2021 -
IPOs
IPO bankers should brace for more Covid spikes
Europe’s equity capital markets bankers are expressing concern that deals they’re working on now will be damaged if the re-opening of the continent’s economies is reversed in the autumn.
15 Jun 2021 -
Equity-Linked
Criteria Caixa sells €200m bond exchangeable into Cellnex
Criteria Caixa, the holding company which manages the assets of Spain’s La Caixa Banking Foundation, has issued a €200m bond exchangeable into shares in Cellnex, the telecoms towers company.
15 Jun 2021 -
People & Markets
UK consults on national security veto for listings
The UK government is consulting with market participants about new powers enabling it to block companies from listing their shares in the country on national security grounds.
15 Jun 2021 -
IPOs
Colis Privé to test strength of French bid after IPO approval
Colis Privé, the French parcel delivery company, has revealed that it has received approval from France’s Autorité des Marchés Financiers to list on the Paris stock exchange.
15 Jun 2021 -
IPOs
Bike 24 offers discount in tricky IPO market
Bike 24, the German online cycling shop, has set the price range for its IPO on the Frankfurt Stock Exchange, offering a hefty discount to online fashion retailer Zalando amid intense competition for the attention of investors in a crowded market for new listings in Europe.
15 Jun 2021 -
IPOs
Animal health firms join bulging IPO pipeline
Two European animal healthcare companies have announced their intention to float in recent days.
14 Jun 2021
IPOs
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Wise launches historic direct listing in London
Wise, the UK financial technology company, is looking to make stock market history by becoming the first such firm to list on the London Stock Exchange through a direct listing. If the deal is a success, it will show other issuers a way to go public that avoids having to build an order book for an IPO in a difficult market.
17 Jun 2021 -
Megaworld lines up Philippines’ largest Reit IPO
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The battle begins: Krafton nears record $5bn Korea IPO
ABBs/block trades
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Mystery investor sells $296m of ADCB stock
An undisclosed shareholder has sold Dh1.1bn ($296m) of stock in Abu Dhabi Commercial Bank, one of the UAE’s biggest banking groups, through an accelerated bookbuild.
17 Jun 2021 -
Hipgnosis Songs Fund readies another share sale
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Helios Towers attracts strong demand for $160m M&A financing
Equity-linked
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Exchangeable mart grows as cheap financing option
A growing number of issuers are turning to exchangeable bonds to raise financing during the pandemic, with this week seeing a series of deals, including one from the Spanish banking foundation Criteria Caixa. Equity-linked bankers expect this issuance wave to continue as more clients seek to get in on the act. Aidan Gregory reports.
17 Jun 2021 -
Helios Towers attracts strong demand for $160m M&A financing
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Criteria Caixa sells €200m bond exchangeable into Cellnex
Follow-ons/rights issues
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Junshi Bio seals $330m fresh equity injection
Shanghai Junshi Biosciences has raised HK$2.56bn ($330.5m) in equity capital from a placement of shares that drew a solid response from investors both during wall-crossing and bookbuilding.
16 Jun 2021 -
Alm Brand announces Dkr12.7bn M&A rights issue
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Italy’s Autogrill preps for re-open with €600m rights offer
Asia
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Megaworld lines up Philippines’ largest Reit IPO
Philippine real estate investment trust MReit filed for IPO approval this week. It is targeting up to Ps27.3bn ($562.3m), which would make it the country’s largest Reit listing.
17 Jun 2021 -
The battle begins: Krafton nears record $5bn Korea IPO
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Full Truck Alliance rolls out $1.6bn US IPO
