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A handful of large new listings have emerged from South Africa, Kenya and Angola and more are set to follow
Submarine mast maker's IPO raised €132.8m
Vincorion is expected to continue defence IPOs later this week
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ARA Group has begun bookbuilding for its ARA US Hospitality Trust (ARA US) listing on the Singapore Stock Exchange. The deal represents the spin-off of US-based Hyatt branded hotels.
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Chinese plastic surgery social network So-Young International hit the road for its Nasdaq listing this week, eyeing proceeds of up to $179.4m.
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Luckin Coffee is brewing excitement in the US equity market after it confirmed plans for an IPO this week and filed a draft prospectus with the Securities and Exchange Commission. But while the Chinese coffee chain is being hailed as a major competitor to Starbucks, there is reason to think that assessment carries a lot of froth.
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French IPOs could return before the end of the year, with two large listings being prepared for as early as the second half of 2019, according to sources.
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Finablr, the Abu Dhabi-based cross-border currency and financial technology holding company which owns Travelex, is one of the few firms in the market with a live IPO. But banks are not rushing to set a price range, wanting to give investors more time to value the business.
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Eagle Hospitality Trust is preparing to launch the roadshow for its up to $600m Singapore IPO on Friday, according to a source familiar with the matter.