Morgan Stanley
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The IPO of Elkem, the Norwegian silicon producer and supplier being floated by ChemChina, priced on Wednesday at Nkr29 ($6.74) a share, the bottom of the expected range. -
Many equity investors are still keen on Russian equities, despite the growing political tension between the country and the UK.
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China’s OneSmart International Education Group opened books for its $211.9m IPO of American Depository Shares (ADS) on Monday.
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Baidu-backed video streaming platform iQiyi kicked off bookbuilding for its $2.38bn US listing on Monday and was covered quickly.
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A second block sale of stock in Takeaway.com, the Dutch online food ordering marketplace, was warmly received by investors on Thursday night and attracted substantial anchor orders.
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Energean, the Mediterranean-focused oil and gas exploration company, has managed to successfully price its IPO on the London Stock Exchange after restructuring the deal as a club sale to four investors.
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Two central and eastern European corporates announced euro trades on Friday, adding to a busy pipeline of emerging markets deals.
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HDFC Asset Management Co is set to kick off investor education for its India IPO, according to a banker working on the deal.
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The going was heavy for dollar borrowers as investors demanded extra concessions amid poor performance as CVS Healthcare’s trade from the previous week appeared to re-price the market.
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Corporate bond issuers who sold their deals earlier the week found execution much easier than those who came later in the week. Strong order books and single digit new issue premiums gave way to premiums of as much as 20bp and one deal having to be downsized.
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The day after a jumbo corporate bond issue is often a quiet one for new issuance as investors digest their allocations and assess the impact on secondary spreads. But after Sanofi's €8bn offering on Wednesday, Thursday was another bumper day.
