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Private equity company cashes in on remaining holding after earlier divestments
Management simplified as former DCM banker joins as co-CEO
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Fosun Tourism Group, which is being spun-off by Chinese conglomerate Fosun International, has launched investor education for its Hong Kong IPO as the market falters amid continued volatility.
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Chinese steel e-commerce platform Zhaogang.com has kept its plans for a Hong Kong listing alive, resubmitting an updated prospectus to the bourse on Tuesday.
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Renewables Infrastructure Group, the UK renewable energy investment company, has begun bookbuilding for a £80m follow-on offering on the London Stock Exchange, after the deal was given the green light by shareholders at a general meeting on Friday.
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Kazatomprom, the world’s largest producer of natural uranium, priced a $451m IPO this week with a strong, but concentrated, book backing the deal.
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Banca Carige announced its capital recovery plan on Monday, relying on friends and family to help it keep going. Italian banks have agreed to support it with €320m though the interbank deposit protection fund (FITD), and it will also be looking to existing shareholders.
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Two Hong Kong IPO hopefuls have taken different approaches to their transactions. Tencent-backed Tongcheng-Elong Holdings launched its smaller listing of up to HK$1.8bn ($232.4m) on Tuesday, while Babytree has put its planned float on hold.
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