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Equity IPOs

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  • India’s market regulator has given Equitas Small Finance Bank (ESF) the go-ahead for its IPO, which is expected to raise about Rp10bn ($136.3m).
  • Logistics conglomerate Ever Flow River Group (EFR) has won approval from the Yangon Stock Exchange to join its sparsely populated board.
  • United Hampshire US Real Estate Investment Trust (Reit) has wrapped up the international roadshow for its $323.6m Singapore IPO, boosted by investors' search for stability amid volatile markets.
  • Ninety One, the asset management division of Investec, has set a price range for its IPO on the London Stock Exchange, despite extreme market turbulence caused by the spread of the Covid-19 coronavirus across the globe.
  • Nacon, the French video game developer, concluded its listing on the Paris stock exchange last Friday, a week earlier than expected. A strong start to the bookbuilding process meant the banks were able to price the deal despite a brutal equity market sell-off, but the seller was careful in allocations to try and aid aftermarket performance.
  • Chinese biotechnology company InnoCare Pharma has won final approval for its Hong Kong IPO. The next step is marketing the deal, after delayed investor meetings in February.