Delivery Hero, the German online food ordering marketplace, raised €2.3bn this week via a simultaneous placement of new shares and convertible bonds to finance its takeover of South Korea’s Woowa Brothers.
Turkey's primary equity capital markets opened for the first time since 2018 on Wednesday as an undisclosed group of shareholders set out to sell 1.9% of Akbank.
575x375_Jan16_2020_001.jpg)
EMEA equity capital markets were on fire on Wednesday night, when almost €3bn of paper was priced, in a number of deals, strengthening the impression that January is turning out to be a productive month for EMEA ECM.
Strong investor demand has led to a positive start for Europe’s equity capital markets with several large block trades attracting big orders, leading to attractive terms for sellers.
Capital Group, one of the largest asset managers in the US, bought 13.45m shares in NMC Health on January 8, according to a disclosure on the London Stock Exchange.
JP Morgan and MUFG have been appointed Everton FC’s financial advisers to arrange roughly £500m ($651m) of financing for the football club’s new stadium at Bramley-Moore Dock in Liverpool.
RAG-Stiftung, the foundation charged with financing cleaning up the legacy of coal mining, has placed a block of shares in Evonik, the German speciality chemical manufacturer, at a tight concession after increasing the deal to €632.5m.
The poll is open for GlobalCapital’s Equity Capital Markets Awards for 2019 and we invite market participants to have their say on the best performers of last year.
Russian brokerage BCS Global Markets has appointed a senior banker from HSBC as head of capital markets and investment banking.
Houlihan Lokey, the US boutique investment bank, has the ambition to become a serious player in the European ECM advisory market after hiring an MD from Rothschild.
Europe’s primary equity-linked market has reopened, with a new €125m convertible bond from Pharming Group, the Dutch speciality pharmaceuticals company.
JP Morgan has issued a $575m synthetic bond exchangeable into the American depositary receipts of Alibaba, the Chinese e-commerce company.
Equity capital markets investors jumped at the chance to buy shares in Nexi, the Italian payments company, as it returned with its first transaction since IPO.
US private equity group Apollo Global Management has completed the first selldown of stock in Watches of Switzerland, the UK luxury watches retailer, since its flotation on the London Stock Exchange in May last year.
Murray Roos, former joint head of equities at Citi, has turned up at London Stock Exchange Group.
Equity investors doubt that secondary markets will repeat the stellar performance of 2019 and are warning banks that IPO issuance, difficult last year, will not be any easier in 2020.
| Rank | Lead Manager | Amount $bn | No of issues | Share % |
|---|---|---|---|---|
| 1 | Morgan Stanley | 4.80 | 18 | 15.47% |
| 2 | China International Capital Corp Ltd | 3.17 | 12 | 10.22% |
| 3 | Citi | 2.48 | 14 | 8.00% |
| 4 | CITIC Securities | 1.85 | 5 | 5.98% |
| 5 | Goldman Sachs | 1.79 | 13 | 5.76% |
Calisen Group, the KKR-backed operator of smart meters, has confirmed its intention to float on the London Stock Exchange, formally launching the first major UK IPO of the year.
A flurry of accelerated bookbuilds hit the Hong Kong market on Thursday night as issuers and investors squeeze through the last window for fundraising before companies go into earnings blackout and the Chinese New Year holidays.
Delivery Hero, the German online food ordering marketplace, raised €2.3bn this week via a simultaneous placement of new shares and convertible bonds to finance its takeover of South Korea’s Woowa Brothers.
Guotai Junan International Holdings is planning a rights issue of new shares as it looks to raise up to HK$3.75bn ($482.3m).
Thailand’s Central Retail Corp is on track to launch the country’s largest IPO, with bookbuilding for the deal set to open on January 20, according to a source familiar with the matter.
GC Asia
