Morgan Stanley
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American International Group raised HK$5.83bn ($752.26m) from an overnight share sale in PICC Property and Casualty Co on Monday, as it seized what bankers say may be the last window for such a large block before the end of the year. -
China Energy Engineering Corp’s HK$14bn ($1.81bn) Hong Kong IPO, which priced at the bottom of the range on Thursday, was comfortably covered even though retail investors failed to take up all the shares they were entitled to.
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Morgan Stanley is losing Kay Haigh, the global head of emerging markets within its FXEM business, as 30% of the team is rumoured to be being cut. However, a senior hire in the business is also being made — James Brown from Deutsche Bank.
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Citigroup and Morgan Stanley have on Thursday night launched and closed the expected $2.5bn capital raising for Naspers, the South African media and e-commerce company, as an accelerated bookbuild. The sale is covered.
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Kay Haigh is leaving Morgan Stanley, having only joined the bank in February. He was managing director and global head of emerging markets within its FXEM business.
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Morgan Stanley has made an emerging markets trading hire from Deutsche Bank, despite reports of the bank eyeing major job cuts in its fixed income business.
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Philippine property developer DM Wenceslao and Associates, which was expected to open books for its IPO of around Ps10.73bn ($227m) this week, has pulled the plug on the transaction until next year.
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BPCE issued final guidance on Thursday for its latest multi-tranche Samurai sale, giving investors plenty of choice with two senior and three subordinated tranches.
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Shares in Edag Engineering Group, the German car engineering company, rose 16% on Wednesday when they began trading in Frankfurt after the company’s €166.25m IPO.
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Scandic Hotels, the largest Nordic hotel operator, has made a limp start to trading on Nasdaq Stockholm after its Skr3bn (€326m) IPO.
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A debt capital markets banker at Morgan Stanley has left to join Mizuho International, GlobalCapital understands.
