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Equity IPOs

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  • Yet another new London IPO was unveiled on Thursday, when ContourGlobal, the emerging markets-focused power generation company, said it would raise $400m to finance growth and cut debt, by selling new shares to institutional investors.
  • General Insurance Corp looks set to close the largest Indian IPO in seven years, after offering investors a whopping Rp113.7bn ($1.7bn) deal — and managing to cover 75% of the book on the first day. That was a rare show of early demand for an Indian listing, but the deal was simply too big to ignore, said local bankers. Jonathan Breen reports.
  • A trio of Asian firms listing in the US have received stellar responses to their IPOs, with Qudian, Rise Education and Sea all getting the thumbs-up from investors.
  • Indian Energy Exchange wrapped up its Rp10bn ($153.6m) IPO on Wednesday, closing more than two times subscribed. But it suffered a hiccup during bookbuilding after local regulators changed their stance on whether foreign investors could participate.
  • After a successful two week investor education process, Bawag, the Austrian bank, has unveiled the terms for its IPO on the Vienna Stock Exchange, which could value it at up to €5.2bn if it is priced at the top of the range.
  • Shares in Terveystalo Healthcare, the Finnish private healthcare business owned by EQT Partners, rose 7% on Wednesday morning after they began trading in Helsinki. The company's IPO closed a day early due to the strength of demand.