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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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The US Senate on Wednesday rejected legislation that would keep sanctions on companies linked to Russian oligarch Oleg Deripaska, including aluminium firm and bond issuer Rusal and London-listed energy company En+. Although many investors and bankers are hailing this as a victory for Russia that could reopen the international capital markets for its issuers, others are concerned that it makes further US sanctions against other Russian entities more likely. Francesca Young and Sam Kerr report.
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Former Bank of America Merrill Lynch syndicate banker Jack Barrass is to join Credit Suisse in February as a member of its equity capital markets syndicate team.
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China Yuanfang Group filed a draft IPO prospectus in Hong Kong on Wednesday, adding to a growing list of Mainland education firms hoping to float in the city.
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Global equity markets have stabilised after steep falls in December and volatility has ebbed, prompting some IPO and block vendors to take advantage of open markets while there is a window.
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Gefco, the French logistics company owned by Russian Railways, has kicked off pre-deal investor education (PDIE) for its flotation on Euronext Paris, reopening the IPO market in Europe in 2019.
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Continental AG, the German engineering conglomerate, is pushing ahead with its spinoff of its powertrain division despite volatility in global equity markets.