Follow-Ons/Rights Issues

  • Piraeus covers capital raise to clean up NPL portfolio

    Piraeus covers capital raise to clean up NPL portfolio

    Piraeus Financial Holdings, the Greek holding company which owns Piraeus Bank, has launched a capital raise to give it the firepower needed to offload non-performing loans and has already secured enough demand on one morning of book-building to cover the deal.

  • Futu seals $1.2bn follow-on in choppy markets

    Futu seals $1.2bn follow-on in choppy markets

    Chinese financial technology platform Futu Holdings has raised $1.24bn from a follow-on offering of its American depository shares (ADS). The issuer was able to navigate volatile markets thanks to support from a large global fund.

  • Meituan bags $10bn with mega CB-equity placement combo

    Meituan bags $10bn with mega CB-equity placement combo

    Food delivery giant Meituan has raised close to $10bn from an overnight sale of shares and convertible bonds, getting solid interest from investors and raising money to ramp up its investment into the technology part of its business.

  • Zai Lab, Futu tap ECM for fresh funding

    Zai Lab, Futu tap ECM for fresh funding

    US-listed Zai Lab and Futu Holdings are tapping the equity market for funds through follow-on offerings, with both the Chinese companies launching their transactions after a rally in their stock price.

  • Equity raises to return after ‘remarkable’ Cellnex deal

    Equity raises to return after ‘remarkable’ Cellnex deal

    Equity capital markets participants seem focussed on the IPO market after Easter, but bankers are looking to do more primary equity raises for their clients in order to fund corporate growth and acquisitions. Bankers are hoping that they will soon be able to build on the momentum of what will likely be the largest European ECM transaction of 2021.

  • BIMB wraps up placement on strong investor support

    BIMB wraps up placement on strong investor support

    BIMB Holdings, a Malaysian financial holding company, has raised MR795.6m ($192.4m) from a primary placement of shares, part of a group-wide restructuring that is expected to be completed by August.

  • Being green no longer enough in battle to attract equity capital

    Being green no longer enough in battle to attract equity capital

    Renewable energy has been one of the hottest sectors in Europe’s equity capital markets in recent times but investors are no longer just buying companies for their verdant hue. Issuers must now prove they have the financial strength to back their environmental credentials.

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