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Trade bodies speak out against push to drive equity trading on to lit markets
Shares trade 8% above offer price as shipping company completes second listing
TX Group and SMG absorb almost 60% of block as insurer cuts holding to 11.8%
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Citi has hired Hamish Whitehead as managing director for its equity capital markets origination team in Australia, in line with the firm’s plans to beef up its business and relationships in the country.
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Shares in Elumeo, a German company that sells jewellery online and through a television channel, closed at €24.75 today, 1% below their IPO price, despite the strong sell-off in European markets today after Greece’s referendum on Sunday.
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Whether investors can look past the turmoil around Greece at a promising growth story will be tested this week, as Cellnovo attempts to complete its IPO in Paris.
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A few IPOs remain in the market, although several have been pulled in the last few days — or, like that of Germany’s Deutsche Pfandbriefbank, put on hold.
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HSBC has hired Antony Isaacs to be head of UK equity capital markets and corporate broking.
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Equity capital markets were tense but calm on Monday. Screens went red after Greek voters rejected creditors’ bailout terms in Sunday’s referendum – but ECM specialists were relieved the sell-off wasn’t worse.
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