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Textile producer says offering will come no later than February
Transport technology company and real estate investment trust prepare to float as this year’s IPO activity already exceeds 2025
Both tranches price at the investor-friendly end as cloud company raises to fund expansion
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The Italian banking system finished the year strongly with UniCredit making good progress on Project FINO (the bank's plan for asset disposal, named Failure Is Not an Option) and Genoa’s Banca Carige finalising the all-important capital raising part of its turn-around plan, but there is still a lot of work to be done to resolve Italy’s banking problems in 2018.
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The performance of IPOs priced in the last few months has markedly improved in the past few weeks, ending 2017 on a more optimistic note than may have looked likely a couple of weeks ago.
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Vonovia, the German housing company, is likely to issue debt next year, to finance its €5.2bn cash offer for Austrian peer Buwog, announced on Monday morning.
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Jiayuan International Group tapped equity investors for the second time in six months, raising HK$1.4bn ($181.4m) in new capital after its share price nearly doubled.
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HSBC has appointed an experienced investment banker as a vice-chairman in global banking, to help drive its UK business.
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Savannah Petroleum, the UK oil and gas company focusing on African exploration, has secured a partnership with ASMA Capital Partners, a Bahraini fund manager which invests on behalf of the Islamic Development Bank, as part of its equity capital raising, which is set to be priced today.
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