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GC Asia
IPOs
Allegro grows IPO to $2.8bn meet soaring demand
Allegro, the Polish e-commerce company, will grow the size of its Warsaw IPO to meet investor demand for the deal.
25 Sep 2020
Equity
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Equity
Hammerson enjoys high take-up in rights issue
Hammerson, the UK property company, completed its £552m rights issue with a 94.9% take-up for existing shareholders.
25 Sep 2020 -
IPOs
Kaspi returns to market for second attempt at London IPO
Kaspi, the Kazakh fintech and e-commerce firm, has returned to the IPO market for a second attempt at a London listing after cancelling last year's effort over valuation differences between investors and the sellers.
25 Sep 2020 -
ABBs/Block Trades
Hipgnosis Songs Fund raises £190m for acquisitions
Hipgnosis Songs Fund, the London-listed investment trust focused on music royalties, has concluded its latest share sale, raising £190m, less than its £250m original target.
25 Sep 2020 -
IPOs
Yangtze Power nets $1.8bn from London listing
China Yangtze Power has raised $1.8bn from a smaller-than-expected offer of Global Depositary Receipts in London, sealing only the third listing through the London-Shanghai Stock Connect scheme.
25 Sep 2020 -
ABBs/Block Trades
Covid spikes to force equity raisers to come back for more
Equity capital markets investors are likely to face a stream of companies asking them for fresh capital to get them through the second wave of the Covid-19 pandemic, as cases spike again in continental Europe and the UK, writes Sam Kerr.
24 Sep 2020 -
IPOs
IPO pricing continues but Covid darkens skies over market
The European IPO market is continuing to churn out deals, but a return of volatility in secondary equity markets is starting to cause discomfort among syndicate bankers, who say they must proceed with caution in the weeks ahead.
24 Sep 2020 -
Equity-Linked
Mail.ru raises $600m of growth capital
The string of Russian deals in European equity capital markets recently has continued with a $600m sale of new shares and convertible bonds by Mail.ru Group, one of the country’s largest internet companies.
24 Sep 2020 -
Equity
Diploma wins strong support for £194m M&A equity raising
Diploma, the UK maker of seals, wiring and healthcare equipment, got solid support from its shareholders and new investors as it raised £194m of equity on Wednesday to complete the acquisition of a US cable distributor.
24 Sep 2020 -
IPOs
Yangtze Power launches Stock Connect listing in London
China Yangtze Power, a Chinese utility company, has launched its listing on the London Stock Exchange, becoming the third company to list in London through the London-Shanghai Stock Connect scheme.
23 Sep 2020
Other news
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SolarEdge Technologies prices $500m CB
SolarEdge Technologies, the Nasdaq-listed Israeli smart energy company, has raised $500m by issuing a new five year convertible bond, tapping into the tremendous amount of investor appetite for ESG-friendly companies.
23 Sep 2020 -
Knaus Tabbert prices Frankfurt listing at bottom of range
Shares in Knaus Tabbert, the German maker of caravans and motor homes, were almost flat in trading on Wednesday following the company’s €232m IPO on the Frankfurt Stock Exchange.
23 Sep 2020 -
UK government virus switcheroo risks City's long-term health
The UK government’s sudden volte face this week about working from home may slow coronavirus infections but it betrayed a fundamental lack of strategic thinking and stability over the most pressing concerns.
22 Sep 2020 -
US orders propel Allegro IPO on day one
Allegro, the Polish e-commerce company, covered its Warsaw IPO throughout its range on the first day of bookbuilding on Tuesday as investors rushed into the book.
22 Sep 2020 -
IAG rights issue in focus as market turbulence returns
Equity capital markets bankers were taking stock of a big move down in equity markets on Monday as Covid-19 infection rates rose in Europe and the UK government signalled the imposition of social restrictions to combat the disease.
22 Sep 2020 -
Romanian markets set for growth after EM index inclusion
Romania’s promotion to secondary emerging market status in the FTSE Russell EM index is the spark its capital markets desperately need in order to grow, experts have said.
22 Sep 2020
IPOs
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Korea’s Big Hit tops 2020 charts with $820m IPO
South Korea's Big Hit Entertainment, the talent manager behind globally-popular boy band BTS, has sealed the country’s largest listing in three years as investors continue to flock to Korea's IPO market.
07.30 AM -
JD Health files for $3bn Hong Kong listing
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Allegro grows IPO to $2.8bn meet soaring demand
ABBs/block trades
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Hipgnosis Songs Fund raises £190m for acquisitions
Hipgnosis Songs Fund, the London-listed investment trust focused on music royalties, has concluded its latest share sale, raising £190m, less than its £250m original target.
25 Sep 2020 -
Covid spikes to force equity raisers to come back for more
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Mail.ru raises $600m of growth capital
Equity-linked
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Mail.ru raises $600m of growth capital
The string of Russian deals in European equity capital markets recently has continued with a $600m sale of new shares and convertible bonds by Mail.ru Group, one of the country’s largest internet companies.
24 Sep 2020 -
SolarEdge Technologies prices $500m CB
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People moves in brief — September 17, 2020
Follow-ons/rights issues
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Hammerson enjoys high take-up in rights issue
Hammerson, the UK property company, completed its £552m rights issue with a 94.9% take-up for existing shareholders. The remaining shares were sold to investors on Friday morning in an accelerated placement.
25 Sep 2020 -
Covid spikes to force equity raisers to come back for more
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Kingsoft Cloud nets $509m from smaller follow-on
Asia
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Korea’s Big Hit tops 2020 charts with $820m IPO
South Korea's Big Hit Entertainment, the talent manager behind globally-popular boy band BTS, has sealed the country’s largest listing in three years as investors continue to flock to Korea's IPO market.
07.30 AM -
JD Health files for $3bn Hong Kong listing
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Kaspi returns to market for second attempt at London IPO
