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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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BioPharma Credit, a closed end investment fund that provides debt capital for the life sciences industry, raised $163.8m in a primary share placement on Thursday to fund further investment.
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China-based Daqo New Energy Corp, which makes silicon wafers for solar cells, has bagged $110m after pricing its follow-on of American Depository Shares (ADS) at the bottom of guidance.
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Summit Power International has opened books for the first IPO of a Bangladeshi firm in Singapore, hoping to raise $260m.
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Tucker Highfield, Credit Suisse’s head of equity syndicate for Asia ex-Japan, has left the firm to join Bank of America Merrill Lynch, according to sources.
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In the past, some investors were able to draw a line dividing the Russian businesses in which they parked their cash from Vladimir Putin’s government, despite what some have called a “feudal” hierarchy in the country. Last week’s US sanctions obliterated that line.
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The decision by the US Treasury last week to designate a number of Russian oligarchs and companies as sanctioned entities, in an effort to curb the country’s “worldwide malign activity”, has transformed investor sentiment and led to buyers fleeing Russia across debt and equities, write Sam Kerr and Francesca Young.
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