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Shareholder-backed recapitalisation will help reduce debt and prepare assets for sale or listing
Existing investors and sector specialists back logistics landlord’s push into tech
Streamlining of IPO process just two months after consultation closed as the market prepares for post-summer IPO activity
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SATS, the operator of Nordic fitness clubs, priced its IPO on Tuesday at Nkr23.50 a share. Despite the deal trading down, sellers were happy to get the deal done after a flurry of pulled listings this month.
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The IPO of Zero–E, a Spanish renewable energy firm, has been delayed until next year, as ACS, the company’s parent, explores M&A options, say sources close to the deal.
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UK motion picture visual effects company DNEG is pushing ahead with its IPO on the London Stock Exchange, having formally confirmed its intention to float on Tuesday.
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Celia Murray has been appointed as head of M&A and corporate finance for the UK at JP Morgan.
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China Resources Land has raised HK$6.73bn ($858m) after issuing a chunk of shares in a top-up placement.
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South Korean mattress maker Zinus has raised W211.4bn ($180.6m) from its IPO after pricing the deal below the marketed range, according to a source familiar with the matter.
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