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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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Sophos Group, the IT security software developer, began bookbuilding on Tuesday for its London IPO, with a price range that could value it at over £1bn.
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Infrastrutture Wireless Italiane, the telecom towers unit of Telecom Italia, narrowed the price range on its initial public offering on Tuesday.
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Credit Bank of Moscow has announced its intention to float on the Moscow Exchange, in what would be only the second Russian IPO since Russia annexed Crimea in March 2014.
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Europcar, the French car rental company, has achieved a covered book on its initial public offering within two days of launching the bookbuild.
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The Singapore Exchange has been languishing this year, with no sizeable IPOs hitting the market. But things could be finally looking up, with Canada’s Manulife Financial Corp making headway with a real estate investment trust listing in the southeast Asian city-state. It’s time for issuers to prepare for a market revival.
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Citic Securities Co, one of China’s biggest investment banks, stole the ECM limelight on June 15, snapping up HK$27.06bn ($3.49bn) in a landmark deal that attracted an illustrious list of names, including the sovereign wealth funds of Kuwait, Malaysia and Singapore.
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