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Proceeds enable fund to buy 14-property portfolio as units fully placed in best efforts process
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
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Investors went crazy for WuXi Biologics’ HK$3.9bn ($500.4m) Hong Kong IPO, driving pricing to the top of expectations as hundreds of global accounts poured in. -
There was not enough stock to go around when TPG Stallion sold the last of its equity in Li Ning Co this week. The HK$885.2m ($113.6m) fundraising not only priced at a small discount but also gained nearly 10% in secondary.
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Shares in Rocket Internet, the German internet start-up incubator, fell as much as 4% on Thursday morning after Kinnevik, the Swedish investment company, sold the last of its stake, for €218m. The shares closed down 2%.
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Bayer monetised a large stake in Covestro, the plastics company it span off in 2015, on Tuesday night through a simultaneous block trade and exchangeable bond worth a total of €2bn, which were both covered in an hour by more than 100 investors each.
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India’s cabinet has approved the IPO of Indian Renewable Energy Development Agency (Ireda), the chief financier of the country’s renewable energy ambitions.
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With the Credit Suisse rights issue closing this week and the completion of cash calls by Deutsche Bank, UniCredit and Millennium BCP earlier in the year, the latest wave of big bank recapitalisations looked like it was drawing to a close, until dramatic news on Wednesday this week.
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