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Book to open on Monday, close on Thursday in latest express IPO
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
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Banca Monte dei Paschi di Siena has asked the European Central Bank to extend its rescue plan deadline into next year, in a move that could complicate the commitments the Italian lender received in its debt-for-equity swap.
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VietJet Aviation is set to seal Vietnam’s largest domestic IPO as it heads towards the end of its management roadshow. It is giving international investors a rare opportunity to buy stock thanks to its decision to use a Reg S structure, with more privately-owned companies expected to follow suit. Jonathan Breen reports.
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Or so the saying goes. Not in China, it seems. Breaking the news that a bulge bracket firm in Hong Kong is suing a Chinese SOE client for non-payment of fees, our columnist Clawback says doing business in China is now little more than a league table exercise.
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Shanghai-listed Jangho Group is planning to float its architecture and interior design subsidiary Steve Leung Designers in Hong Kong, winning approval from its board this week.
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Högkullen, the Swedish social housing company, has cancelled its Stockholm IPO after receiving a bid from Samhällsbyggnadsbolaget (SBB).
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CSC Financial Co has priced Asia's last jumbo IPO of 2016, selling shares in its Hong Kong listing in the middle of expectations to raise HK$7.7bn ($992.5m).