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Top 25 shareholders and new investors participate in previously delayed offering, but some shares left over after subscriptions closed
Undisclosed institutional shareholder sells stake in Wednesday evening ABB
Qualifying shareholders take up 68% as remainder stays with conditional placees
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Hedge funds are more reluctant to play the market for equity block trades in Europe after a volatile year and a string of deals that traded down in the aftermarket.
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SIG Combibloc, the Swiss food and beverage packaging company, has closed the books on its return to the Swiss stock exchange after more than a decade of being a private company.
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The US Federal Open Market Committee (FOMC) provided little in the way of encouragement for emerging markets at its meeting on Wednesday, delivering a 25bp hike to the Fed Funds Rate, meaning the wind will keep blowing firmly against emerging markets. Lewis McLellan reports.
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A sale of shares Basic Fit by 3i was greeted warmly by investors on Wednesday night, but fell in trading on Thursday.
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Funding Circle, the UK loans platform, has closed the books on its London listing, with heavy demand meaning that there will be large scale backs for many investors, said bankers.
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Cryptocurrency mining company Bitmain Technologies Holding Co has joined a growing number of companies from the sector aiming for a Hong Kong IPO.
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