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Shipping company issues new shares as it raises stake in peer to roughly a fifth
Investors want more mid-cap deals and wider variety of sectors
Cornerstone investors commit roughly €170m as company aims to raise €300m
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GrandVision, the Dutch optical retailer, has achieved a market capitalisation of €5bn, pricing its €1bn IPO and holding its listing price of €20 a share.
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Sunrise Communications Group, the Swiss telecoms company owned by CVC, priced its IPO at the middle of the range on Friday February 6, raising a total of Sfr1.99bn (€1.88bn) in the biggest telecoms flotation in EMEA since 2004.
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Eltel Networks, the Swedish company that provides technical services for power, communication and transport networks, priced its €304m IPO near the top end of the range on February 6, before shooting up 10% when it began trading.
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DFS, the UK furniture retailer known for its prolific television advertising and continual discount sales, announced its IPO on February 6, hoping to raise about £105m. Jefferies and UBS are global coordinators, with Numis Securities bookrunner.
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HDFC Bank raised Rp98.7bn ($1.6bn) in new equity from a simultaneous follow-on of American Depositary Shares (ADS) and a qualified institutional placement (QIP) on Thursday, as funds bet on the stock as one of the best proxies to India’s growth. -
The Chung family has finally managed to shed some of its shares in South Korean conglomerate Hyundai Glovis, raising W1.16tr ($1.06bn) via a block trade on February 5 that hit the market less than a month after an earlier transaction failed to gain traction among investors. The presence of a domestic bookrunner, longer lock-ups on the selling shareholders and more proactive conversations with investors ahead of launching the trade ensured that this time round there was no room for any botch-up.
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