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UK company acquires US firm OrthoLite for $770m
Offering price at 30.4% discount to Terp
Company predicts €1.6bn net loss in FY2024 due to write-downs
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Singapore-based consumer internet company Sea, whose New York-listed shares have soared by more than 400% this year, is looking to take advantage of that positive sentiment to raise around $2bn from a new equity offering.
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In the second part of GlobalCapital Asia’s awards announcements, we reveal the standout deals and banks in the equity capital market.
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Indian public sector lender Canara Bank has raised Rp20bn ($271.8m) from the sale of a chunk of primary shares, according to a banker close to the deal.
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The UK securing a trade deal with the EU will be crucial for UK companies wanting to raise equity capital next year. It will give shareholders far more confidence in future revenues that have already been rocked by Covid-19.
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Equity capital markets bankers are looking closely at knife-edge negotiations between the UK and the European Union over a possible trade agreement. They say a lack of progress on negotiations will likely stall dealmaking this week but a No Deal end to the transition period this year could also make deals more difficult from January.
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Chinese electric vehicle manufacturer Xpeng is selling a chunk of new American Depository Shares (ADS) to fund research and development and further expansion.