Goldman Sachs
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Vantage Towers, the telecoms towers division of Vodafone, has announced the price range for its IPO on the Frankfurt Stock Exchange and secured cornerstone orders for almost half of the deal size. The deal is smaller than many had expected, as rising bond yields continues to impact wider equity markets. -
Zhihu, China’s largest question-and-answer platform, has set its New York Stock Exchange IPO in motion.
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Tyler Technologies, the US develop of software for local government, has raised $525m via the sale of new convertible bonds, capping off the busiest week of the year so far for US equity-linked issuance.
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Europe’s high grade corporate bond investors had their pick of US names this week, with issuers cramming in to raise €7.2bn of debt across 10 tranches.
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Global Fashion Group, the Frankfurt-listed online fashion retailer focused on emerging markets, has successfully issued its debut convertible bond, despite volatility caused by a selloff of technology stocks in the United States.
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Enel, the Italian power and gas company, proved that demand still exists in euros for chunky hybrid debt with a €2.2bn dual tranche deal on Wednesday that saw more than three times oversubscription at peak demand and offered no new issue concession.
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Coupang, an e-commerce company, has kicked off bookbuilding for an up to $3.6bn IPO that is set to be the largest ever US listing by a South Korean issuer.
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Online car marketplace Autohome has launched the roadshow for a secondary listing in Hong Kong. The float of new and existing stock could raise up to HK$7.6bn ($983.2m).
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Suez, the French water and waste services group, sold €750m of zero coupon bonds on Tuesday, despite being in the midst of fighting off an €11.3bn hostile takeover bid from domestic rival Veolia.
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KfW rebooted the short end of the euro public sector bond market on Tuesday with a well subscribed trade which offered a modest new issue premium. The deal shared the euro SSA market with the State of Baden-Württemberg’s debut green bond.
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Coca-Cola, the US beverage company, kicked the issuance week off in the European corporate market, with the borrower landing flat to fair value on two out of three tranches.
