Follow-Ons/Rights Issues - All Articles

  • Aston Martin preps huge financing package to fund electric future

    Aston Martin, the British luxury carmaker, has arranged a new financing package to strengthen its balance sheet and cash reserves as it embarks on an ambitious new partnership with German car giant Mercedes-Benz, to start producing electric cars.

    • 01.00 PM
  • Fashionette prices IPO despite DAX devastation

    German e-commerce company Fashionette, which sells designer handbags and accessories online, set a price for its IPO on the Frankfurt stock exchange on Tuesday, even as the main equity index in the country took a pasting.

    • 12.45 PM
  • Deutsche's investment bank makes almost €1bn, again

    Deutsche Bank's fixed income and currency bankers continued a strong run in the third quarter, the firm's results on Wednesday showed. Profit before tax at the investment bank has now been enough to cover losses from the capital release unit for two consecutive quarters.

    • 12.30 PM
  • GDS prices $1.7bn HK secondary listing

    Chinese data centre operator GDS Holdings has pocketed HK$12.9bn ($1.67bn) from its secondary offering on Hong Kong’s stock exchange.

    • 08.15 AM
  • Krafton picks underwriters for Korean IPO

    Krafton, a popular South Korean video game developer, has mandated banks for its 2021 IPO.

    • 07.45 AM
  • JP Morgan appoints new Apac ECM head

    JP Morgan has rejigged the leadership of its Asia Pacific capital markets businesses, promoting Francesco Lavatelli to the helm of the ECM team.

    • 07.00 AM
  • RemeGen launches $514m Hong Kong listing

    RemeGen, a Chinese biopharmaceutical company, has rolled out a Hong Kong IPO that could be worth up to HK$3.99bn ($514.5m).

    • 05.45 AM
  • Credit business shines as HSBC vows to speed up change

    HSBC's credit and equities business lines were the standout performers in the global banking and markets division (GBM) in the third quarter, the bank's results showed on Tuesday. Meanwhile, group chief executive Noel Quinn said the firm was adapting its business model to chronic low interest rates.

    • 27 Oct 2020
  • AMS issues new €750m convertible despite tough market

    Austrian semiconductor maker AMS has returned to the convertible bond market for more financing, raising €750m.

    • 27 Oct 2020
  • Aeroflot lands equity raise with strong government support

    Russian airline Aeroflot completed its Rb80bn ($1.05bn) capital raise on Monday, aimed at repairing its balance sheet by repaying debt, with the Russian state increasing its stake in the carrier.

    • 27 Oct 2020
  • Investors embrace Mail.Ru block despite red day for markets

    Sands Capital Management, the US investment manager, sold a 1.6% stake in Russian internet services company Mail.Ru on a torrid evening for international stock markets.

    • 27 Oct 2020
  • Lufax hooks investors to $2.4bn US listing

    Ping An Insurance-backed Lufax Holdings has covered its $2.36bn US listing. Global heavy-weight investors flocked to the long-awaited deal.

    • 27 Oct 2020
  • JW Therapeutics closes IPO early

    Chinese biotechnology firm JW (Cayman) Therapeutics is set to close the book for its Hong Kong IPO on Tuesday, a daily earlier than planned, according to a source familiar with the matter.

    • 27 Oct 2020
  • Ant covers $34bn Hong Kong-Shanghai IPO

    Chinese financial technology company Ant Group is set to raise $34.3bn from the world’s largest ever IPO, after covering the deal within minutes of launch.

    • 27 Oct 2020
  • BCS hires former Sberbank tech officer to lead IB operations

    BCS Global Markets, the investment services division of Russia’s largest independent broker, has hired Vadim Kotov as the new chief operations officer for its investment banking business.

    • 26 Oct 2020
  • Covid-19 equity raises could be subject of litigation

    Companies raising equity in the UK this year — amid a very uncertain outlook for business prospects — may risk opening themselves up to claims related to the information they disclose or do not disclose, according to lawyers at Herbert Smith Freehills.

    • 26 Oct 2020
  • PrimaryBid completes $50m private raise amid retail equity surge

    PrimaryBid, a company that provides retail investors with a means to take part in primary equity capital raises, has completed a $50m Series B financing round to expand its international business.

    • 26 Oct 2020
  • Soltec Power IPO to price at top of the range

    The IPO of Soltec Power, the Spanish maker of solar trackers for renewable energy generation, is due to be priced at €4.82, the top of the initial range, after attracting strong demand from investors keen to add stocks with strong ESG credentials to their portfolios during the pandemic.

    • 26 Oct 2020
  • Aedifica rights issue attracts 84% take-up

    Aedifica, the Belgian real estate company that specialises in care homes for the elderly, has secured an 83.7% take-up for its €459m rights issue.

    • 23 Oct 2020
  • Barclays boasts of share gains in markets

    Barclays enjoyed a record quarter in equities, but in its advisory and equity capital markets it lagged behind competitors, it showed in third quarter results on Friday.

    • 23 Oct 2020
  • Fosun-backed Gland Pharma gets Sebi nod for Rp60bn IPO

    Gland Pharma, a subsidiary of Shanghai Fosun Pharmaceutical Group, has won approval for its IPO from India’s securities regulator, according to a source close to the deal.

    • 23 Oct 2020
  • Lufax launches roadshow for $2.36bn US IPO

    Lufax Holdings, a personal finance services platform, has opened books for its offering of American depositary shares (ADS). It is aiming to raise up to $2.36bn.

    • 23 Oct 2020
  • People moves in brief

    Makinson Cowell joins Lazard — Vikas Seth moves into vice-chairman role at HSBC — Fernando Vicario picked as CEO of BofA's EU bank

    • 22 Oct 2020
  • Permira splashes cash on Lowell rescue ahead of 2021 NPL splurge

    Permira opted to rescue its debt purchasing portfolio company Lowell from the restructuring that many thought was imminent, with the largest slug of equity support any sponsor has injected in Europe since the coronavirus pandemic began. Covid-19 has crushed cashflows for some debt purchasers, but next year should be a bumper year for NPL buying — for those firms with cash to do so, writes Owen Sanderson.

    • 22 Oct 2020
  • Unibail cash call threatened as rebel alliance swells stake

    Unibail-Rodamco-Westfield’s rights issue is under increased threat from a group of rebel shareholders that disagree with the company’s vision to reset its business. These shareholders have rapidly surpassed the 5% threshold, according to a filing with the with the Autorité des Marches Financiers, after which they have to disclose their holdings.

    • 22 Oct 2020
  • Soltec Power rides ESG momentum with €150m IPO

    Soltec Power Holding, the Spanish maker of solar trackers for renewable energy generation, has narrowed the price range for its IPO on the Spanish Stock Exchange, after the deal was covered shortly after the launch of bookbuilding earlier this week.

    • 22 Oct 2020
  • Canal+ Polska launches Warsaw IPO

    Emerging market IPOs have been one of the hottest themes in EMEA equity capital markets this year and issuance is set to continue as Canal+ Polska, the Polish television network owned by French TV service Canal+, launched its IPO on Thursday.

    • 22 Oct 2020
  • Ant comes closer to jumbo listing as investors vie for $35bn deal

    China’s Ant Group kicked off marketing for its Hong Kong and Shanghai dual listing on Thursday, the last stage before launching a possible $35bn IPO, set to be the world’s largest to date. The combined offering is already more than a third covered by onshore investors, with global buyers lining up for the rest. Addison Gong and Jonathan Breen report.

    • 22 Oct 2020
  • Advisory shop moves over from KPMG to Lazard

    Makinson Cowell, a company that advises on equity capital markets and investor relations, has joined Lazard, in a move that the investment bank says strengthens its UK financial advisory business.

    • 22 Oct 2020
  • London landlord Shaftesbury taps investors for £300m

    Shaftesbury, the UK real estate investment trust that owns swathes of London’s West End, is tapping its shareholders for almost £300m ($392m) amid a severe downturn in the theatre district because of the Covid-19 pandemic.

    • 22 Oct 2020
  • JW Therapeutics opens $300m Hong Kong IPO

    JW (Cayman) Therapeutics set its IPO in motion on Thursday, opening the order book for the up to HK$2.3bn ($300m) deal.

    • 22 Oct 2020
  • Idorsia completes rights issue for drug commercialisation

    Swiss biotechnology company Idorsia has completed its Sfr575m ($629m) at-market rights issue to fund the commercialisation of insomnia drug daridorexant.

    • 21 Oct 2020
  • Scatec Solar borrows shares for larger equity raise

    Scatec Solar, the Norwegian solar energy company, raised Nkr4.75bn ($512m) through an equity placing on Tuesday night. The sale was for 15% of the company’s share capital — 5% more than it was allowed to issue through a non-preemptive placing. It made up the balance by borrowing shares from its largest shareholder.

    • 21 Oct 2020
  • Link Mobility trades up after $650m flotation

    Link Mobility, the Norwegian provider of business to consumer messaging and mobile services, has begun trading on the Oslo Børs following the completion of its Nkr6bn ($650m) IPO.

    • 21 Oct 2020
  • Mapletree Trust goes for the top with S$650m placement

    Singapore-listed Mapletree Logistics Trust has raised S$650m ($479.8m) in fresh equity after boosting the size of its placement.

    • 21 Oct 2020
  • GDS Holdings covers HK secondary offering

    Chinese data centre operator GDS Holdings has covered the books for its Hong Kong secondary offering, just hours after launching a deal that could be worth about $1.6bn.

    • 21 Oct 2020
  • Fashionette to open IPO books after setting range

    German e-commerce company Fashionette, which sells designer handbags and accessories online, has set a price range for its IPO on the Frankfurt stock exchange.

    • 20 Oct 2020
  • UBS IB benefits from leveraged capital markets, IP sale

    UBS's investment bank beat analyst consensus as capital markets revenue was up sharply year-on-year, while a sale of intellectual property rights resulted in a one-off gain, the bank showed in third quarter results on Tuesday.

    • 20 Oct 2020
  • Permira sells down TeamViewer after good run for the stock

    Investors crowded into a €929.3m trade in German remote access software company TeamViewer, as Permira returned to the market to sell down more shares in the company.

    • 20 Oct 2020
  • Dufry raises Sfr820m with backing from Alibaba, Advent

    Swiss duty free operator Dufry has finished its Sfr820m at-market rights issue, which has enabled Advent International and Chinese e-commerce firm to take large strategic stakes in the company.

    • 20 Oct 2020
  • Simcere Pharma nets $461m from top-end pricing

    Simcere Pharmaceutical Group has bagged HK$3.57bn ($460.6m) from its IPO, after sealing the offer at the top end of the price guidance, according to a source familiar with the deal.

    • 20 Oct 2020
  • Ant wins approval for Hong Kong leg of $30bn listing

    Ant Group has got the go ahead from regulators for the Hong Kong portion of its dual listing, which is expected to raise around $30bn in the largest ever primary share offering globally.

    • 20 Oct 2020
  • Mapletree eyes S$650m for property acquisitions

    Singapore-listed Mapletree Logistics Trust is funding an acquisition spree of logistics assets in Asia by tapping the equity market for up to S$650m ($479m).

    • 20 Oct 2020
  • Shimao Services launches $1.3bn Hong Kong IPO

    Shimao Services has joined the stream of Chinese property managers listing in Hong Kong this year, kicking off bookbuilding for its up to HK$10.1bn ($1.3bn) IPO.

    • 20 Oct 2020
  • JW Therapeutics pre-markets Hong Kong IPO

    JW (Cayman) Therapeutics has launched pre-deal investor education for its Hong Kong IPO, setting the final stage of the deal ahead of launch in motion.

    • 20 Oct 2020
  • SEEIT spends increased equity raise on Swedish gas firm buy

    SDCL Energy Efficiency Income Trust, the acquisitive UK-listed energy efficiency investor, is buying Swedish regulated gas distribution network Värtan Gas Stockholm. SEEIT has already completed an increased £105m equity sale and small debt issue to part-finance the purchase.

    • 19 Oct 2020
  • E-commerce the hot ticket in Europe’s IPO market

    E-commerce listings have been been a high point of equity issuance during the second half of 2020, with the sector generating strong returns for investors. Most of the year’s listings have been completed, but banks are already working on deals from the sector for 2021.

    • 19 Oct 2020
  • China’s SDIC recharges with $201m GDR listing

    Shanghai-listed SDIC Power Holdings has priced its $200.6m London offering of Global Depository Receipts (GDRs) at the bottom of the marketed range.

    • 19 Oct 2020
  • Goldman-backed ReNew Power eyes US listing

    ReNew Power, an Indian solar and wind power producer, is looking to the US for a potential IPO, according to a source familiar with the matter.

    • 19 Oct 2020
  • Nanofilm Tech revives SGX with $346m IPO

    Nanofilm Technologies International is giving the Singapore Exchange some much-needed IPO activity, launching the first main board listing on the bourse since the beginning of the year.

    • 19 Oct 2020
  • HSBC financed climate laggards weeks before net zero target

    HSBC provided $1.8bn of financing to high carbon companies including Kepco, which is developing new coal plants, in just five deals in the past four months, as it prepared to announce its “net zero ambition” on October 9, an NGO has alleged.

    • 16 Oct 2020
  • Panmure Gordon hires Shields for real estate

    Philip Shields is joining Panmure Gordon's investment banking team to lead real estate.

    • 16 Oct 2020
  • Green convertible bonds are here to stay

    Equity-linked investors are anticipating further sales of green convertible bond by companies as the nascent asset class continues to grow following a strong run of issuance this year.

    • 16 Oct 2020
  • A poor score, the pain in Spain and what will happen if Trump is dumped

    This week Keeping Tabs brings you thoughts on the inadequacies of ESG data, the US election and why Spain is in such a bind.

    • 16 Oct 2020
  • Equity volatility returns as investors position for US election

    Equity markets swung violently this week as investors reacted to polling and projections in the US election. With over two weeks left before the vote on November 3, equity bankers and investors are predicting a choppy time ahead which might make things trickier for capital markets deals.

    • 16 Oct 2020
  • Ninebot sets price for China’s first CDR listing

    Xiaomi Corp-backed electric scooter maker Ninebot has set the issue price for its Rmb2.08bn ($309m) IPO on Shanghai’s Star market, the first offering of depository receipts in China.

    • 16 Oct 2020
  • Peter Thiel-backed Bridgetown Spac seals $550m US IPO

    Blank check company Bridgetown Holdings, which is focused on southeast Asia, has raised $550m from a listing on the Nasdaq.

    • 16 Oct 2020
  • KWG Living, Radiance kick off IPO roadshows

    KWG Living Group Holdings, a property manager, and real estate developer Radiance Holdings launched bookbuilding for their Hong Kong IPOs on Friday.

    • 16 Oct 2020
  • ECM powers US bank gains

    The leading US investment banks raked in fees from equity origination in the third quarter, with Goldman Sachs, Morgan Stanley and Bank of America all doubling their ECM revenues year-on-year.

    • 15 Oct 2020
  • Markets must beware blue wave complacency

    Equity markets are pricing in a big win for Democrats in the US elections in November, meaning a large post-election stimulus package to help the economy through Covid-19. However, they should be wary as president Donald Trump is far from beaten.

    • 15 Oct 2020
  • Kaspi completes IPO in a watershed moment for EM

    Kazakh fintech and e-commerce firm Kaspi began trading on the London Stock Exchange on Thursday after completing a popular IPO. The deal was a remarkable achievement and there are hopes it means future growth-orientated IPOs from the emerging and frontier markets may see similar success, writes Sam Kerr.

    • 15 Oct 2020
  • Urban Logistics Reit finishes £92m growth capital raise

    Urban Logistics Reit, the London-listed real estate investment trust, has finished the final leg of a £92m share sale, tapping into heightened investor demand for exposure to niche areas of the real estate market during the pandemic.

    • 15 Oct 2020
  • £14bn book firms up Rolls-Royce rescue plan

    The bond piece of Rolls Royce’s £5bn Covid-19 rescue plan was a storming success this week. The issue doubled in size on the back of a combined book of £14bn, showing the firm still has excellent access to private sector liquidity — a strong message as Rolls turns to shareholders for a £2bn rights issue.

    • 15 Oct 2020
  • Miniso seals $608m NYSE IPO above guidance

    Chinese discount retailer Miniso Group Holding raised $608m from a successful US listing on Thursday, after pricing the deal above the marketed range.

    • 15 Oct 2020
  • Tasty Spacs whet banks' appetites

    Despite a year of turmoil, many bankers have a spring in their step, writes David Rothnie. They are rushing to get involved in the boom in special purpose acquisition companies (Spacs).

    • 15 Oct 2020
  • Samolet looks to take advantage of Russia’s retail investing surge

    Samolet, the Russian real estate company, has launched the first leg of a two stage listing on the Moscow stock exchange, hoping to take advantage of a surge in demand from local retail investors this year.

    • 15 Oct 2020
  • Evergrande slashes $1bn top-up for cautious buyers

    China Evergrande Group this week tapped the equity capital markets for HK$4.3bn ($554.9m), making its first primary share sale in five years. But the fundraising did not go as planned, with the embattled property developer nearly halving its initial target after investors called for a smaller deal. Jonathan Breen reports.

    • 15 Oct 2020
  • Malaysia’s Sunway Reit builds $171m follow-on

    Malaysia’s Sunway Real Estate Investment Trust (Reit) pocketed MR710m ($171.2m) in fresh equity this week from a follow-on offering of new units.

    • 15 Oct 2020
  • Synairgen raises £80m after Covid-19 treatment shows progress

    Synairgen, the UK biopharmaceuticals company, has raised £80m from investors to fund the next stage of clinical trials for a treatment designed to alleviate the respiratory symptoms of Covid-19.

    • 15 Oct 2020
  • Aedifica back in the market with €459m rights issue

    Aedifica, the Belgian healthcare real estate investment company, which owns a portfolio of care homes, has launched a €459m rights issue to fund an acquisition and to grow its development pipeline. Sources close to the deal are confident that the cash call will be popular given investor demand for exposure to speciality real estate businesses.

    • 14 Oct 2020
  • Dermapharm founder trims stake with €248m sell-down

    Wilhelm Beier, the German billionaire founder of Dermapharm Holding, has trimmed his stake in the pharmaceuticals company.

    • 14 Oct 2020
  • M&A banker Le Milon jumps to Barclays

    Barclays has hired Gauthier Le Milon as head of M&A for France, Belgium and Luxembourg.

    • 14 Oct 2020
  • Covestro prices capital increase for acquisition finance

    Covestro, the German chemicals company, priced a €447m capital increase on Tuesday night to partially refinance an acquisition. Investors supported the deal in large numbers, despite a rough night for secondary markets and an incredibly tight discount.

    • 14 Oct 2020
  • Sunway Reit fetches $171m via follow-on

    Malaysia’s Sunway Real Estate Investment Trust (Reit) has raised MR710m ($171.2m) from a follow-on offering of new stock.

    • 14 Oct 2020
  • China Evergrande cuts top-up to $555m, stock dives

    China Evergrande Group’s stock price plummeted on Wednesday after the issuer slashed an overnight share sale to nearly half its initial target, raising HK$4.3bn ($554.9m).

    • 14 Oct 2020
  • Morphosys makes equity-linked debut with €325m convert

    Morphosys, the German biotech company, has tapped the equity-linked market with a new €325m convertible bond, adding to the flood of issuance from the sector during the pandemic.

    • 13 Oct 2020
  • Why is nobody talking about Brexit?

    Thursday marks the UK’s deadline for reaching a Brexit trade deal with the EU, which according to the country's prime minister Boris Johnson means that it will begin to shift focus to preparations for leaving without one. A no-deal Brexit could be a disaster but nobody in capital markets seems to care.

    • 13 Oct 2020
  • Kaspi grows IPO, will price at top

    Kaspi, the Kazakh fintech and e-commerce company, will price its IPO at the top of its price range. It will also grow the deal to around $1bn to meet high levels of investor demand.

    • 13 Oct 2020
  • Idorsia opens rights issue books adding to red-hot biotech year

    Swiss biotechnology company Idorsia has opened the books on its Sfr575m ($629m) at-market rights issue to fund the commercialisation of insomnia drug daridorexant.

    • 13 Oct 2020
  • Malaysia’s Top Glove eyes HK dual listing

    Top Glove Corp, the world’s largest rubber glove maker, is considering a dual primary listing on Hong Kong’s stock exchange.

    • 13 Oct 2020
  • China Evergrande launches $1bn top-up

    China Evergrande Group, a property developer, hit investors with a jumbo top-up placement on Tuesday, eyeing proceeds of up to HK$8.4bn ($1.1bn), according to a term sheet seen by GlobalCapital Asia.

    • 13 Oct 2020
  • Second music royalties fund readies London flotation

    A new music royalties-focused fund is preparing to launch on the London Stock Exchange, having announced its intention to float on Tuesday.

    • 13 Oct 2020
  • Simcere Pharma kicks off $461m Hong Kong IPO

    Simcere Pharmaceutical Group has begun its Hong Kong listing, opening books for the up-to HK$3.57bn ($460.6m) deal.

    • 13 Oct 2020
  • Rubio is wrong to want to block Ant IPO

    US senator Marco Rubio wants his government to find a way to delay the listing of Ant Group, even though it is happening outside of the US. The move would undoubtedly be bad news for US banks but it also appears to offer little upside to politicians.

    • 13 Oct 2020
  • Germany’s fashionette looks to ride e-commerce IPO wave

    German e-commerce company fashionette, which sells designer handbags and accessories online, has launched an IPO on the Frankfurt stock exchange. Sources close to the deal are hoping that other large e-commerce listings will boost the flotation.

    • 12 Oct 2020
  • Russia subscribes for over half of $1bn Aeroflot recap

    Aeroflot, the flag carrier of Russia, has finished the first leg of a jumbo recapitalisation backed by the Russian government, amid turmoil in the airline industry due to the Covid-19 global pandemic.

    • 12 Oct 2020
  • FCA warns on insider information

    Julia Hoggett, director of market oversight at the Financial Conduct Authority, said that market participants need to be careful about insider information, and that companies should be overseeing staff use of private devices at a time when many are working from home.

    • 12 Oct 2020
  • Aquila European Renewables Income Fund raises €127m from investors

    Aquila European Renewables Income Fund, the London-listed investment trust focused on renewable energy assets, has concluded a €127.5m growth capital raising to finance its pipeline of investment opportunities.

    • 12 Oct 2020
  • Allegro soars 52% on day one to bring ECM cheer

    Polish e-commerce firm Allegro has soared in trading on its first day, giving a huge boost to equity capital markets after a difficult period for IPOs.

    • 12 Oct 2020
  • Shimao, KWG premarket Hong Kong IPOs

    Chinese property managers Shimao Services Holdings and KWG Living Group Holdings have kicked off pre-deal investor education for a pair of Hong Kong listings.

    • 12 Oct 2020
  • TP ICAP prepares for fixed income push with Liquidnet buy

    Interdealer broking giant TP ICAP has advanced further into buy-side revenue streams, with specific plans to target fixed income markets, as it clinched its acquisition of trading platform provider Liquidnet for an initial $575m last Friday.

    • 09 Oct 2020
  • Veolia opens taps on bridge loans for Suez merger

    Veolia, the French utility, has been successful with its sweetened €3.4bn offer for a 29.9% stake in compatriot water company Suez, opening the door to a full merger as the acquisitive company uses bridge loans and potentially an equity raise as part of the transaction.

    • 09 Oct 2020
  • Euronext preps equity sale to fund Borsa Italiana deal

    Euronext is preparing for a €2.4bn equity raise after it agreed a deal with London Stock Exchange Group for the Borsa Italiana.

    • 09 Oct 2020
  • Fiverr International places $400m convertible

    Fiverr International has become of the latest Israeli software company to tap the US convertible bond market for financing during the pandemic, raising $400m.

    • 09 Oct 2020
  • Investors flock to block of SoftwareOne

    A Sfr111m ($122m) trade in shares of SoftwareOne, a Swiss software company, on Thursday night earned a strong reception from investors, showing that there is still strong demand for growth-orientated tech stocks, despite deal execution in equity capital markets growing more difficult.

    • 09 Oct 2020
  • 'China is a paper tiger,' says Kyle Bass, Hayman Capital Management

    Kyle Bass, made famous by shorting the US housing market in the run up to the financial crisis, has told GlobalCapital that the Chinese state is a paper tiger on the road to collapse. The Texan, who has been on a fierce campaign against the Chinese Communist Party for years now, says that US politicians are finally catching up with his position.

    • 09 Oct 2020
  • Converge ICT prices Philippine IPO low

    Converge ICT Solutions, an internet service provider, has bagged Ps25.2bn ($521.1m) from its Philippine IPO after pricing the stock just off the bottom of the marketed range.

    • 09 Oct 2020
  • Excellence Commercial closes books early for HK$3.2bn IPO

    Excellence Commercial Property and Facilities Management Group has closed its IPO early on the back of strong investor demand. It is looking to price its deal at the top of the range, according to a source close to the listing.

    • 09 Oct 2020
  • Ride-sharing firm Dida eyes HK listing

    Chinese startup Dida, a ride-sharing platform, is looking to float on Hong Kong’s stock exchange, having filed a draft prospectus with the bourse.

    • 09 Oct 2020
  • Winter is coming: long threatened volatility starts to bite at ECM supply

    Investors’ fears over the disruption the US presidential election and rising Covid-19 cases could bring to equity markets became a grim reality this week as volatility buffeted IPOs. With three weeks until the vote, all eyes are on how much damage US president Donald Trump and Joe Biden will do to the primary equity capital markets, writes Sam Kerr.

    • 08 Oct 2020