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Noba Bank block trade is first from 2025's IPO crop
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George Osborne, UK chancellor of the exchequer, handed equity capital markets bankers a windfall on Wednesday — at least in terms of volume and league table credit, if not generous fees.
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Two companies have enlarged their planned initial public offerings, as demand continues to pour in for the European listings deemed most attractive.
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The Privatisation Commission of Pakistan has kicked off the pre-marketing process of a divestment from Habib Bank, in a deal which could add Prp124.1bn ($1.2bn) to the government’s coffers based on the company’s market capitalisation.
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In a busy night of block trade activity, the standout deal tonight – though not the biggest – is a 9.98% capital increase by Delta Lloyd, the Dutch insurance company.
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State Bank of India has fallen victim to the recent global volatility that has hit stock markets across the world, with the lender now postponing its $2.5bn share sale for after the US Federal Reserve holds its policy meeting.
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Punjab National Bank held meetings this week with potential bookrunners to lead a capital raising exercise, as one of India’s largest lenders prepares to raise around Rp50bn ($800m) from the equity capital markets.