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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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Haitong UniTrust is preparing for a late October or early November launch of its potential $500m Hong Kong listing, according to a banker working on the transaction.
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Sichuan Energy Investment Development Co is looking to list on the Hong Kong Stock Exchange, having filed a draft prospectus with the bourse this week.
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“Phew, you scared us there!” sums up the reaction of Europe’s equity capital market on Thursday, when Pirelli’s monster truck of an IPO, which had sagged by 2.8% from its launch price on its first morning of trading, perked up and began climbing as it ought.
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Investors have largely managed to avoid getting their fingers burnt on deals that trade badly in this IPO season so far, and the market is continuing to power ahead, with the launch of several new large transactions.
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J2 Acquisition Ltd, the latest cash shell vehicle of Martin Franklin, completed its London IPO on Thursday, raising $1.25bn for acquisitions in unspecified countries and sectors.
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TMF Group, the Dutch business services firm, has chosen the London Stock Exchange as the venue for its €340m-plus IPO.