ABBs/Block Trades

  • Banks hope for more ‘miraculous’ blocks before year-end

    Banks hope for more ‘miraculous’ blocks before year-end

    Equity capital markets bankers are hoping to be busy with more accelerated trades over the next week and a half until the US Thanksgiving Holiday on November 28, traditionally the beginning of the end of the ECM issuance year.

  • ECM awaits France’s next privatisation after FDJ

    ECM awaits France’s next privatisation after FDJ

    The IPO of Française des Jeux, the French gaming company that runs the national lottery, is set to close this week and equity capital markets are already eyeing up the next big sale from the French state.

  • Schulenberg sells chunk of CTS Eventim stake

    Schulenberg sells chunk of CTS Eventim stake

    Shares in CTS Eventim, the German ticketing and live events company, plunged more than 8% on Thursday after Klaus-Peter Schulenberg, its billionaire founder and CEO, sold €218.4m of stock.

  • Banks strap on blocks risk in rampant rush to end of year

    Banks strap on blocks risk in rampant rush to end of year

    The European equity block trades market has caught fire. Banks have shown an appetite for risk more typical of the beginning of a year than the end of it, in an effort to finish 2019 with a flourish. Investors have welcomed the trades but there is a fear that at some point, a bank will push too far, writes Sam Kerr.

  • Network block clears quickly as underwriters secure anchor

    Network block clears quickly as underwriters secure anchor

    Equity capital markets bankers are continuing to benefit from strong momentum in the accelerated market, with a £304m ($391.6m) trade in Network International, the London-listed UAE payments company, on Tuesday night. A large anchor order helped the deal over the line.

  • Investors gain after banks waive Trainline lock-up for KKR again

    Investors gain after banks waive Trainline lock-up for KKR again

    Investors who took part in an accelerated sale of shares in Trainline, the UK rail tickets booking website, on Monday evening, booked a 3.4% gain by Thursday's close, vindicating the decision by banks to waive a lock-up clause on private equity firm KKR, allowing it to trade out of the stock earlier.

ABBs/Block Trades Archive