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UK follow-ons bring a secondary employee selldown and an increased primary capital raise
Helios's Moroccan health tech company T2S lists in Casablanca
Frédéric Despagne will also lead equity and derivatives sales across EMEA
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The rush of Spac IPOs in Europe is continuing, with the launch of a new Frankfurt-listed cash shell backed by Klaus Hommels, focused on acquiring a company in the technology sector.
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Two sizeable block trades priced on Tuesday evening demonstrated appetite for sell-downs after several quite weeks while companies were in earnings blackouts. Bankers expect more sales in the next few weeks as bullish equity investors line up to take on risk.
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Italian payments company Nexi has issued a new €1bn convertible bond to refinance its acquisition of Nets, a Danish competitor.
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TP ICAP, the interdealer broker, received strong demand from its shareholders for its £315m rights issue to part-fund the acquisition of Liquidnet.
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The logistics unit of Chinese internet company JD.com is planning to list in Hong Kong through a multi-billion-dollar IPO.
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The Hong Kong regulator’s plan to overhaul the bookbuilding and allocation process for equity and bond deals has some worthy goals. But it is unnecessary for a market that has proven able to clean its own house.
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