Blackstone Group sent a letter to its limited partners last Friday which said that while the private equity firm is considering an IPO, they have not made a final decision, reported CNBC's David Faber, citing people who have received the letter.
A Republican who backs marketplace regulations might seem paradoxical -- but Michael Oxley, ex-GOP representative, co-authored the sweeping 2002 Sarbanes-Oxley Act. Does the former chairman of the House Financial Services Committee still approve of "SarBox"? He gave his views, on "Power Lunch."
I had the unusual opportunity to emcee Silicon Valley's first Technology Policy Summit last week in San Jose, an awesome collection of policymakers, investors, CEOs, nonprofit reps and academics. But one of the most fascinating panels included the co-founders of three of the web's most exciting start-ups. And I had the chance to interview them exclusively about the potential of their sites, and the prospects for a bigtime payday.
Normally, the odds are not in your favor when it comes to buying up an IPO. Banks always want to push the price point a buck or two higher. But with the markets in a frenzy, they're changing their tactics to make sure you, the faithful investor, stick around.
BOSTON, Nov 28- London- based insurer Old Mutual Plc is likely to follow its Dutch competitor ING Groep NV and move to take its U.S. money management unit public, analysts said, as tighter capital rules in Europe loom for the industry. Old Mutual has said it is studying an IPO for the unit, which counts institutional investors as its main customers.
HONG KONG, Nov 21- Chinese state-owned insurer PICC Group Ltd has wound back expectations for its proposed Hong Kong listing, offering to sell shares at HK $3.43- HK $4.03 each to raise up to $3.6 billion in what would still be Hong Kong's biggest IPO in two years.
TORONTO, Nov 20- Canada's Hudson's Bay Co is set to raise C $365 million in its initial public stock offering, well below the department store operator's original target of about C $400 million. HBC has priced the offering of 21.48 million shares at C $17 apiece- at the bottom of the company's already lowered range of C $17 to C $18.
TORONTO, Nov 20- Canada's Hudson's Bay Co is aiming to raise C $365 million in its initial public stock offering, well below the department store operator's original target of about C $400 million. HBC is pricing the offering of 21.48 million shares at C $17 apiece- at the bottom of the company's already lowered range of C $17 to C $18 a share.
TORONTO, Nov 20- Canadian retailer Hudson's Bay Co said on Tuesday its initial public offering will raise some C $365 million, a sum that is well below the company's original target of about C $400 million.
TORONTO, Nov 20- Canadian retailer Hudson's Bay Co said on Tuesday its initial public offering will raise some C $365 million, a sum that is well below the company's original target of about C $400 million.
Nov 19- Archstone Inc, the apartment building owner and developer owned by Lehman Brothers Holdings Inc, said on Monday it plans to raise up to $3.45 billion in its initial public offering, making it the biggest U.S. commercial real estate IPO ever. IPO of 2012, behind Facebook Inc and Banco Santander's Mexican unit.
Nov 19- Archstone Inc, the apartment building owner and developer owned by Lehman Brothers Holdings Inc, said on Monday it plans to raise up to $3.45 billion in its initial public offering, making it the biggest U.S. commercial real estate IPO ever.
*PICC Group to offer 6.9 bln new shares, or 16.7 pct stake. HONG KONG, Nov 15- China's PICC Group is in talks with American International Group Inc and others to become cornerstone investors for its planned listing worth up to $4 billion, in what will be Hong Kong's biggest IPO in two years.
MegaFon, controlled since April by Russia's richest man Alisher Usmanov, is focused almost exclusively on Russia and is outpacing bigger rival MTS and smaller Vimpelcom in a maturing, though still lucrative, mobile market.
MOSCOW, Nov 15- Russia's richest man Alisher Usmanov is to own 100 percent of the voting rights of a holding company he is setting up with his partners, through which he will maintain his control over mobile operator Megafon, according to MegaFon's IPO prospectus.
*IPO would be biggest in Hong Kong since AIA in 2010. HONG KONG, Nov 15- Chinese state-owned insurer PICC Group is in talks with American International Group Inc and others to become cornerstone investors for its planned Hong Kong listing worth up to $4 billion, in what will be the city's biggest IPO in two years.
MOSCOW, Nov 15- MegaFon, Russia's No. 2 mobile phone operator, wants to raise $1.7- $2.3 billion from a planned share listing in London and Moscow, it said as it kicked off an investor roadshow in New York.
*IPO would be biggest in Hong Kong since AIA in 2010. HONG KONG, Nov 15- Chinese state-owned insurer PICC Group started meeting institutional investors in Hong Kong on Thursday to gauge demand for a listing worth up to $4 billion, braving a slump in equity deals with the city's largest IPO in two years.
MOSCOW, Nov 15- Russia's No. 2 mobile phone operator MegaFon said on Thursday it aims to raise between $1.7 billion and $2.3 billion in an initial public offering in London and Moscow, as it kicked off an investor roadshow.