What will float investors’ boats in 2019? December 6, 2018 This year has been a good period for new listings, although recent volatility has put others off. While the easy days are behind us, sensibly priced issues are still likely to be popular. Data from PwC shows we saw 173 initial public offerings (IPOs) to the end of September, raising over $40bn (£31.4bn) and up [...]
Tencent music arm makes its move on delayed IPO set to raise up to $1.23bn December 3, 2018 Tech giant Tencent Holdings’ music subsidiary has moved forward on a New York Stock Exchange initial public offering (IPO) of up to $1.23bn (£1bn) today. Tencent Music Entertainment is hoping to raise between $1.07bn and $1.23bn, according to a US Securities and Exchange Commission filing, in a delayed offering that was originally planned to launch in [...]
Softbank sets indicative IPO price at £10.34 per share to value firm at nearly £50bn November 30, 2018 Softbank intends to sell shares for ¥1500 (£10.34) a piece in its initial public offering (IPO) next month, in the country’s biggest ever listing. The company didn’t give a price range, instead plumping for a single preliminary figure for the 2.41 trillion yen (£16.44bn) IPO, Reuters reported, showing the company is confident that demand will [...]
City veterans launch new corporate finance boutique November 19, 2018 A former board member of investment bank Zeus Capital is today launching a corporate finance boutique alongside a senior executive from Nex Exchange. The new firm, Guild Financial Advisory, will advise companies on initial public offerings (IPOs), fund raising, deals and corporate governance. Its chief executive Ross Andrews previously spent eight years with Zeus where he [...]
Finncap brushes off market negativity to launch surprise takeover of Cavendish October 24, 2018 City broker Finncap, chaired by veteran venture capitalist Jon Moulton, today confirmed it was taking over M&A sell-side advisory firm Cavendish. Finncap plans to raise £6m by floating the combined group on London's junior alternative investment market (Aim) in early December in a listing that will value it at £46m. Lord Leigh, former Conservative Party treasurer [...]
Litigation funder Vannin Capital pulls London float blaming market conditions October 10, 2018 Litigation funder Vannin Capital has cancelled its London initial public offering (IPO) blaming market volatility. Vannin, which finances litigation for businesses and law firms in exchange for a slice of any settlement, announced its intention to float last month. Market sources said the projected float could have valued the business at up to £1bn. Read [...]
Mark Mobius investment trust IPO falls £100m short of target September 27, 2018 Emerging markets veteran Mark Mobius' investment trust has raised £100M through an Initial Public Offering (IPO), which is half of the target amount. Mobius Capital Partners announced it would target £200m for the trust, which will invest in small to mid cap emerging and frontier markets, earlier this month. Read more: Mobius to raise £200m for emerging markets [...]
Volkswagen drives truck and bus division IPO plans forward September 17, 2018 Volkswagen is pushing ahead with proposals for a stock market listing of its truck and bus division with an aim to be market ready by the end of the year, the car manufacturer announced today. Traton Group, which owns brands such as Man and Scania, will bring a team of investment banks and legal advisors on board to prepare the potential [...]
GrandVision IPO: Global optician eyes €1.3bn for float January 26, 2015 HAL Trust, the owner of global optician GrandVision, is looking to raise as much as €1.3bn (£971m) through the company’s initial public offering on Euronext, it emerged yesterday. GrandVision is the world’s largest optical retailer and operates under a gamut of national brands, including Vision Express in the UK. It owns over 5,600 stores across [...]
Massar Solutions IPO: Book closes on first Abu Dhabi float since 2011 January 26, 2015 The book closed yesterday on the float of Massar Solutions, a United Arab Emirates vehicle rental and fleet management firm listing 40 per cent of its shares on Abu Dhabi’s bourse. The float, which is the first on the emirate’s stock market since Eshraq Properties listed in 2011, follows a strong year of Middle Eastern [...]
