IPOs - All Articles

  • Impact investing trust launches London IPO

    Schroders, the UK asset management company, has partnered with Big Society Capital to seek to list a new fund on the London Stock Exchange to invest in assets which have a positive social impact on the UK.

    • 01.00 PM
  • Nordnet to price €1bn IPO at mids

    The IPO of Nordnet, the Swedish digital bank and investment management platform, is due to be priced at Skr96, the midpoint of the initial range, when bookbuilding ends on Monday.

    • 09.00 AM
  • Indian regulator plans cut to minimum float for chunky IPOs

    India’s securities regulator has proposed slashing the minimum required share offering of large IPOs, helping the country’s biggest companies comply with listing rules.

    • 08.15 AM
  • Evergrande Property Services launches HK$16bn IPO

    China's Evergrande Property Services Group has kicked off its IPO, aiming to raise up to HK$15.8bn ($2bn) with strong support from friends-and-family investors.

    • 06.15 AM
  • Sunak looks at new listing rules for LSE to rival Nasdaq

    UK chancellor of the exchequer Rishi Sunak is looking at ways to relax listing rules on the London Stock Exchange to make the exchange more attractive for tech company IPOs.

    • 20 Nov 2020
  • Yatsen jumps 75% on NYSE debut

    Chinese cosmetics company Yatsen Holdings saw its shares spike 75% on their New York Stock Exchange debut on Thursday, after the firm priced its IPO at the top of the marketed range.

    • 20 Nov 2020
  • Syncona founds new gene therapy company

    Syncona, the UK life sciences investor, has launched a new gene therapy company, through a £45m series A private fundraising round. The company could be a future candidate for a lucrative biotech listing.

    • 19 Nov 2020
  • Swedish dialysis firm launches IPO

    Diaverum, the Swedish operator of kidney dialysis clinics, has launched an IPO on the Nasdaq Stockholm.

    • 16 Nov 2020
  • Nordnet begins bookbuilding for €1bn Stockholm IPO

    Swedish digital bank Nordnet has set a price range for its IPO on Nasdaq Stockholm, following a constructive investor education process.

    • 16 Nov 2020
  • China's Yatsen launches $617m US listing

    Chinese beauty company Yatsen Holding has set its New York Stock Exchange IPO in motion, kicking off bookbuilding for a $616.9m listing.

    • 16 Nov 2020
  • Hong Kong IPOs: Four companies pre-market listings

    JD Health International, Evergrande Property Services Group, detergent maker Blue Moon Group Holdings and video marketing company Netjoy Holdings have started pre-marketing their Hong Kong IPOs.

    • 16 Nov 2020
  • Reinsurance start-up targets $1.1bn London IPO

    Conduit Holdings, a reinsurance start-up, has confirmed that it is to float in London this year. It is seeking $1.1bn equivalent of capital to take advantage of higher insurance premiums after two years of losses for the industry.

    • 13 Nov 2020
  • Sunac Services seals $1bn HK listing at mid-point

    Chinese property management firm Sunac Services has priced its Hong Kong IPO at the middle of guidance, bagging HK$8bn ($1.03bn), according to a source close to the deal.

    • 13 Nov 2020
  • ESR readies $320m Korea Reit IPO

    South Korea-based ESR Kendall Square is set to launch a W357.3bn ($320.3m) IPO for its real estate investment trust (Reit).

    • 13 Nov 2020
  • India’s Gland Pharma scores record listing

    Gland Pharma has completed India’s largest pharmaceutical IPO, a Rp65bn ($870.6m) deal that sailed through on demand from institutional accounts. But the issuer’s Chinese ties and a wobble in pharma stocks blunted retail investor interest. Jonathan Breen reports.

    • 12 Nov 2020
  • Jinke Smart Services prices HK$5.9bn IPO at mid-point

    Jinke Smart Services Group, a Chinese property manager, raised HK$5.94bn ($766.1m) this week after sealing its IPO at the mid-point of the marketed range.

    • 12 Nov 2020
  • Music royalty fund Round Hill prices IPO

    Round Hill Music Royalty Fund has raised $282m in a London IPO, becoming the second listed fund focused on music royalties.

    • 11 Nov 2020
  • Russian IPO momentum builds despite Biden win

    Russian equity capital market bankers are preparing to reactivate the country’s IPO scene with a number of deals lined up for next spring, though some may even be priced this year.

    • 11 Nov 2020
  • Canal+ Polska IPO fails despite strong EM momentum

    Canal+ Polska, the Polish satellite TV network, has pulled its IPO on the Warsaw Stock Exchange, despite the strong momentum behind emerging market equities.

    • 11 Nov 2020
  • Schroders looks to float UK equity investment trust

    Schroders, the global investment manager, is seeking to float a new investment trust on the London Stock Exchange, which will provide equity financing for UK mid and small-cap companies.

    • 10 Nov 2020
  • Energy storage fund taps ESG momentum with capital increase

    Gresham House Energy Storage Fund, the London-listed investment trust focused on energy storage systems, has unveiled plans for a new £200m share issuance programme over the next 12 months as it gears up for a new spree of deals.

    • 10 Nov 2020
  • Fosun-backed Gland Pharma launches $876m Indian IPO

    Gland Pharma, a subsidiary of Chinese conglomerate Shanghai Fosun Pharmaceutical Group, has started bookbuilding for its Indian IPO, set to be the largest pharmaceutical listing in the country.

    • 10 Nov 2020
  • Bytes Technology to float in London and Johannesburg

    Bytes Technology, the cyber security and cloud services company, is pressing ahead with its proposed demerger from its South African parent Altron, through an IPO on the London and Johannesburg stock exchanges.

    • 09 Nov 2020
  • Sunac Services taps market for Hong Kong IPO

    Chinese property manager Sunac Services Holdings has hit the road for its Hong Kong listing, eyeing HK$8.7bn ($1.1bn) in fresh equity.

    • 09 Nov 2020
  • China Resources’ property manager pre-markets $1bn HK IPO

    China Resources Mixc Lifestyle Services has begun testing investor appetite for a Hong Kong listing that could raise around $1bn, said a source close to the deal.

    • 09 Nov 2020
  • Antengene targets HK$2.8bn from Hong Kong IPO

    Antengene Corp, a clinical stage biopharmaceutical company, has set its Hong Kong listing in motion. It has opened bookbuilding for an up to HK$2.79bn ($359.4m) IPO.

    • 09 Nov 2020
  • Blank check firm Tiga Investments targets US IPO

    Singapore-based special purpose acquisition company (Spac) Tiga Acquisition Corp has set in motion a $200m listing on the New York Stock Exchange.

    • 06 Nov 2020
  • Tencent-backed Kuaishou eyes Hong Kong bourse

    Chinese video-sharing platform Kuaishou Technology is planning to float in Hong Kong, having filed a draft prospectus with the city’s stock exchange.

    • 06 Nov 2020
  • Antengene readies Hong Kong listing

    Antengene Corp, a clinical stage biopharmaceutical company, is set to launch the roadshow for its Hong Kong IPO next week after wrapping up pre-deal investor education, according to a source close to the listing.

    • 06 Nov 2020
  • China stuns market by halting Ant IPO at the eleventh hour

    The Shanghai Stock Exchange stunned the market on Tuesday by halting Ant Group’s $34bn IPO, set to be the largest listing in history, just two days before the company’s planned stock market debut. The extraordinary move is expected to delay the listing by at least six months. It will also force investors to revalue the company, write Jonathan Breen and Addison Gong.

    • 05 Nov 2020
  • Nordnet taps into appetite for fintech with Stockholm IPO

    Swedish fintech company Nordnet is preparing to test investor sentiment towards European IPOs following the US election, having announced its intention to float on Nasdaq Stockholm.

    • 05 Nov 2020
  • Jinke hits the road with $816m Hong Kong IPO

    Chinese property manager Jinke Smart Services Group has launched its IPO. It is aiming to pocket up to HK$6.3bn ($815.9m) from the deal.

    • 05 Nov 2020
  • China’s move against Ant Group is a gift to its critics

    China’s decision to clamp down on Ant Group has derailed an IPO of at least $34bn, despite execution being finished last week. The move appears to be little more than political muscle-flexing by Beijing. The real winners will be the country’s critics.

    • 05 Nov 2020
  • Equities rally as Biden pulls ahead

    Global equity markets have reversed earlier losses after former US vice-president Joe Biden gained momentum in the presidential race on Wednesday afternoon, giving capital markets bankers hope that a decisive result this week might be possible.

    • 04 Nov 2020
  • Fosun-backed Gland Pharma readies Rp65bn IPO

    Gland Pharma, a subsidiary of Shanghai Fosun Pharmaceutical Group, has set the final terms for its Rp64.8bn ($866.5m) IPO in India.

    • 04 Nov 2020
  • RemeGen nets $515m from Hong Kong IPO

    Chinese biopharmaceutical firm RemeGen has raised HK$3.99bn ($514.7m) after pricing its IPO at the top of the marketed range, according to a source familiar with the matter.

    • 04 Nov 2020
  • China pulls plug on Ant Group IPO

    The Shanghai bourse stunned the market on Tuesday after halting Ant Group’s $34bn IPO, a deal which was set to be the largest listing in history. The extraordinary move, likely spurred by comments from Ant’s co-founder Jack Ma that criticised authorities for stifling innovation in China, is expected to delay the listing by at least six months. It will also force investors to revalue the company.

    • 04 Nov 2020
  • Russia’s Ozon files for Nasdaq IPO

    Ozon, the Russian e-commerce company, has filed its initial paperwork for a US listing that could be squeezed in before the end of the year.

    • 03 Nov 2020
  • New Oriental guides HK secondary listing to $1.3bn

    New Oriental Education & Technology Group is set to raise HK$10.1bn ($1.3bn) as it guides investors toward final pricing for its secondary offering in Hong Kong.

    • 03 Nov 2020
  • New London fund adds to green IPO wave

    A new fund focused on renewable energy infrastructure is preparing to brave US election volatility by launching a £200m ($260m) IPO on the London Stock Exchange.

    • 02 Nov 2020
  • Sunkwan Properties targets HK$1.3bn listing

    Chinese developer Sunkwan Properties has kicked off its IPO roadshow. It is aiming to raise up to HK$1.25bn ($161.2m).

    • 02 Nov 2020