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Number of listings for the year doubles over eight weeks in summer as companies seek to access capital after Iran war disruption
Bank set to issue 106.4m shares at $4.48 per share
High-demand investors pick up slack created by institutional and retail investors
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Chinese micro-lender Qudian has launched bookbuilding for its IPO on the New York Stock Exchange, which could raise up to $825m, according to a banker close to the deal.
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For politicians looking for policy tools, bank capital regulations are a blank canvas. But using prudential regulation to direct lending to favoured causes lacks transparency, obscures difficult decisions and piles up risks.
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Investors got another chance to build up more exposure to the UK’s flourishing challenger banking sector on Tuesday night when JC Flowers, the US private equity firm, launched another block trade of shares in OneSavings Bank.
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The decision to strip AIG of its designation as a systemically important financial institution (Sifi) says more about the arbitrary and confusing nature of the Sifi designation process, rather than the American insurance giant’s importance in the US financial system.
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Elis, the French laundry services company, issued a €400m convertible bond on Tuesday to refinance its £2.2bn acquisition of Berendsen in the UK, which closed in September.
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Indian state-owned Hindustan Aeronautics (HAL) has filed a draft prospectus for its long-awaited IPO, which has been six years in the making.
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