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GC Asia
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Momentum builds for AUTO1 IPO ahead of bookbuild
Books are set to open on the IPO of AUTO1, the online marketplace for second hand cars, next week with the deal garnering good momentum in the pre-deal education process, according to sources close to the deal.
22 Jan 2021 -
GlobalCapital ECM awards: polls open
GlobalCapital has launched the process to decide the winners of our Equity Capital Markets Awards for 2020. The results will be announced at the end of March.
22 Jan 2021 -
Primavera Capital nets $360m from Spac IPO
Primavera Capital Acquisition Corp, a so-called blank cheque company, has raised $360m from a larger-than-expected New York Stock Exchange IPO that has added further momentum to the increasingly hot asset class.
22 Jan 2021 -
Cornerstones go mainstream for European IPOs
Companies are increasingly turning to cornerstone and anchor investors to support their IPOs across the price range before deals are launched. While the phenomenon is common in Asia and the Nordic markets, it has been rarer in UK and most continental European deals until now, but the trend is turning into the norm, reports Sam Kerr.
21 Jan 2021 -
Gold rush: Russian miners prep IPO plans
Two Russian gold miners are among a number of Russian companies looking at listing possibilities in 2021 capitalising on a strong 2020 for the precious metal.
21 Jan 2021 -
InPost sets range on IPO that could reach €3.2bn
InPost, the Polish provider of postal lockers, has set a price range for its IPO on the Amsterdam stock exchange, valuing it at €8bn at the top.
21 Jan 2021 -
China’s RLX draws in $1.4bn from bigger US IPO
Chinese vape company RLX Technology raised $1.4bn from its US listing this week, pricing the deal above the marketed range after a huge turnout from investors.
21 Jan 2021 -
Chinese firms Adagene, Cloopen eye US listings
Cloopen Group Holding, a cloud-based communication provider, is planning to raise at least $100m from a US IPO of American depositary shares (ADS).
20 Jan 2021 -
Eurostar's begging letter shows tunnel vision
Eurostar, the company which runs trains through the Channel Tunnel between London and Europe, is angling for a UK government-backed bailout loan. It is a ruse that can most generously be described as cheeky. If the company really needs cash to survive, there are many more appropriate ways of raising it in the capital markets.
19 Jan 2021 -
Moonpig gets early IPO momentum with cornerstones
Moonpig, the online greetings card company, has started its IPO process with a boost, announcing two big cornerstone orders at the beginning of investor education. Meanwhle, Dr Martens, the UK bootmaker, has published its intention to float on the London Stock Exchange without cornerstones, but sources say that either cornerstones or anchors are a strong possibility on that deal.
19 Jan 2021
