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Placement 3.7 times subscribed, weeks after regulator halted unauthorised marketing of a purported public offer
Markus Meier and Thore Zimmermann promoted
IPO pipeline strong, but timetables slipping as markets await clarity on tax, growth and defence funding
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The IPO of Novem Group, the German car parts supplier, is set to be priced at €16.50 a share, according to sources close to the deal.
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Indian food delivery app Zomato has launched its hotly-anticipated IPO of up to Rp98.9bn ($1.32bn), anchored by a strong book of global heavyweight investors.
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Goldman Sachs celebrated its second highest ever firm-wide quarterly net revenues, net earnings and earnings per share on Tuesday. It set the as-yet unbeaten net revenue record in the first quarter of the year.
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The success of Wise’s direct listing can be chalked up as a victory for a UK stock market that has undergone much soul searching about its ability to attract the hot companies of the future.
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Space might well be the new frontier in equity investing, with several deals catching the attention of capital markets professionals in the past couple of weeks. But as exciting as investing in space and space technology are, grouping vastly different businesses together under the catch-all term 'space economy' runs the risk of stoking fads or even an equity bubble.
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Bridgepoint Group, the UK private equity group, is garnering strong interest for its IPO on the London Stock Exchange. Sources close to the deal said that it coming so late in what has been a tricky summer deal window surprised some but that investors have warmed quickly to it.
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