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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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  • Greentown Management Holdings Co has uploaded post-listing hearing documents with Hong Kong’s stock exchange as it prepares to launch its IPO.
  • Online casino gaming company DoubleDown Interactive has set the terms for its Nasdaq IPO, preparing the first South Korean listing on a US bourse in nearly a decade.
  • Warner Music Group issued a dual currency refi on Tuesday and Wednesday, taking advantage of a US Federal Reserve-fuelled market to lock in tighter pricing and a maturity extension. The deal comes hot on the heels of its IPO, planned before the coronavirus pandemic struck but executed only last week.
  • Ebang International Holdings, a Chinese cryptocurrency mining hardware maker, has kicked off its IPO of up to $125.6m on Nasdaq in the US.
  • China Pacific Insurance (Group) Co became the second company to use the London-Shanghai Stock Connect scheme this week, listing Global Depository Receipts on London’s bourse. The deal could spur further London-bound issuance by Chinese firms, according to bankers in the UK and Asia. Jonathan Breen and Aidan Gregory report.
  • Italy’s first IPO since the Covid-19 crisis, from medical filter and mask manufacturer GVS, has been priced in Milan. Now, there is hope of further listings on the exchange, despite jitters among domestic investors.