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Equity IPOs

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Submarine mast maker's IPO raised €132.8m
German defence firm follows Gabler Group
Vincorion is expected to continue defence IPOs later this week
◆ How AI threat to software biz threatens stockmarket listings... ◆ ... and collaterlised loan obligation market ◆ AT1 market hits new record tight but buyers turn away
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  • Banks set the price on the IPO of The Hut Group (THG) on Thursday, a listing that has proved popular with investors, who predict “ridiculous” demand for the deal.
  • SciClone Pharmaceutical (Holdings), a Chinese biopharmaceutical company that claims to have developed a drug to treat Covid-19, is seeking the greenlight to list in Hong Kong.
  • Chinese pet-focused e-commerce site Boqii Holding filed its listing documents for a US IPO on Tuesday, but Citigroup, one of the original lead banks on the deal, is now no longer in the syndicate.
  • Chindata Group Holdings, iHuman and Yalla Group filed IPO paperwork with the US regulator on Tuesday as they prepare to float on New York stock exchanges.
  • Hensoldt, the German sensor maker that supplies the defence industry, has joined Europe’s burgeoning IPO pipeline with the announcement of a Frankfurt listing this year. The deal, launched on Tuesday, is already gaining traction among investors, who are seeking to meet the company for what could be the largest German IPO of 2020.
  • Singapore-based special purpose acquisition company (Spac) Aspirational Consumer Lifestyle Corp is looking to raise $225m from a listing on the New York Stock Exchange.