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Both tranches price at the investor-friendly end as cloud company raises to fund expansion
Never mind that your desk had a great year, writes Craig. When it comes to getting paid, the future makes a stronger argument than the past
Top 25 shareholders and new investors participate in previously delayed offering, but some shares left over after subscriptions closed
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South Korea’s SK Lubricants has withdrawn its up to W1.6tr ($1.5bn) IPO after failing to get the desired valuation, according to a filing with the country’s financial regulator on Friday.
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Deutsche Bank said on Wednesday that it had launched a new artificial intelligence tool called alpha-DIG, to comb unstructured, text-based information and help investors incorporate more non-financial factors into their analysis. The tool will use legitimate financial news rather than social media sources, as well as looking at corporate reporting.
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The London and Johannesburg listing of Vivo was covered today, two days after launch, good news for African equities after South African bottle producer Consol had to pull its IPO.
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Jefferies has hired a veteran M&A banker from Deutsche Bank to join its power and infrastructure utilities team.
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Avast, the Czech cyber security company, has set the terms of its London IPO, valuing it at £3.2bn at the top of the range.
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Springer Nature, the German academic publishing group, has opened the books on its €1.3bn Frankfurt IPO with a price range that gives a “healthy discount” to peers.
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