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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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Thai paint producer TOA Paint is looking to raise up to Bt12.2bn ($368.5m) from its IPO, set for the last week of September.
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ZhongAn Online P&C Insurance Co has raised HK$11.9bn ($1.5bn) after pricing its hugely popular Hong Kong IPO at the top of guidance, according to a banker on the deal.
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Chinese online retailer of luxury goods Secoo Holding priced its $110.5m listing of American Depository Shares on Thursday, finding favour among investors thanks to an attractive discount.
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The MiFID II deadline stands. Firms who don't prepare to meet it won’t receive any grace or favour, the FCA has said. But the tough deadline of January 3, and continued lack of regulatory clarity, means firms that show they've done all they can should escape the worst effects.
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Anil Agarwal, founder of mining group Vedanta Resources, has managed to surprise the stockmarket with the same trick twice. But as Jon Hay and Aidan Gregory write, his intentions in buying another £1.5bn of shares in Anglo American are anything but clear, and he is paying a high price for influence.
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The strength of the demand for equity block trades in Europe was highlighted once again on Wednesday evening by Telenor when it covered an effective cleanup trade in Veon, the New York-listed Russian telecoms company formerly known as VimpleCom, in half an hour.
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