Business Events IPOs

  • *Few recent blockbuster deals in Asia, IPO activity down. *Fees in Asia increasingly divided among more banks. But increased competition from Chinese rivals and a dearth of the blockbuster deals it has previously relied on to make money in Asia are putting pressure on global investment banking powerhouses such as Goldman, quarterly Thomson Reuters data shows.

  • Sept 29- Nutanix Inc said on Thursday it sold a more than expected 14.87 million shares priced at $16, valuing the company at more than $2 billion. Its $16 IPO price was above its indicated range of $13 and $15. It is a sign that there's an appetite for a high-growth company that doesn't yet have earnings, "said Kathleen Smith, a principal at Renaissance Capital, which...

  • SAN FRANCISCO, Sept 29- In the run-up to its initial public offering, cloud computing company Nutanix scrambled to avoid a situation that has increasingly marred technology IPOs: a price that is below the most recent private funding round. After initially pricing shares at $11 to $13, a range that set the company up for a valuation nosedive, Nutanix on Thursday...

  • Few recent blockbuster deals in Asia, IPO activity down. *Fees in Asia increasingly divided among more banks. But increased competition from Chinese rivals and a dearth of the blockbuster deals it has previously relied on to make money in Asia are putting pressure on global investment banking powerhouses such as Goldman, quarterly Thomson Reuters data shows.

  • SAN FRANCISCO, Sept 29- In the run-up to its initial public offering, cloud computing company Nutanix scrambled to avoid a situation that has increasingly marred technology IPOs: a price that's below the most recent private funding round. After bumping up its price Wednesday to $13 to $15 per share, Nutanix will be valued at $1.9 billion at the mid-point of that...

  • Sept 29- Extraction Oil& Gas LLC said it expected to raise as much as $600 million in an initial public offering, valuing the Denver- based oil explorer and producer at about $2.6 billion. The company, based in Colorado's Denver- Julesburg basin and backed by private equity firm Yorktown Partners LLC, said it expected to price the offering of 33.3 million shares at...

  • The company, based in Colorado's Denver- Julesburg basin and backed by private equity firm Yorktown Partners LLC, said it expected to price the offering of 33.3 million shares at between $15 and $18 each.

  • SAN FRANCISCO, Sept 28- Software maker Apttus has raised raised more money from private investors, postponing plans for an initial public share offer until next year because of the current uncertainties facing markets, including the U.S. presidential election. Apttus said on Wednesday it has raised $88 million from investors, nudging its valuation to more...

  • Sept 28- Nigeria's Sahara has put on hold a planned initial public offering and bond sale that was aimed at financing more oil asset purchases until the investment prospects for oil and gas improve. A year ago Sahara was pursuing a dual listing on the London and Lagos stock exchanges and roadshowing a bond in an effort to raise more than $1 billion to buy oil and gas...

  • JERUSALEM, Sept 28- Next year should be a better year for initial public offerings in New York than a weak 2016 when volatile markets kept companies on the sidelines, a senior Nasdaq official said on Wednesday. "The pipeline for 2017 is very strong," said Asaf Homossany, Nasdaq's managing director for Europe, Middle East and Africa, noting that about 120 companies...

  • Should you invest in an emerging market IPO?

    Martin Steinbach, EMEIA IPO leader at EY, discusses whether or not investors should be cautious around IPOs in emerging markets like China and Russia.

  • Postal Savings Bank

    Daiwa Capital Markets' Leon Qi explains how Postal Savings Bank of China's net interest margins are actually much lower than its competitors.

  • Postal Savings Bank of China may have been the world's largest IPO in two years, but it hit the market like a wet firecracker on Wednesday.

  • PSBC

    Capital Link Intl's Brett McGonegal says the overall Chinese banking sector is under pressure and there are no upside catalysts in the near term.

  • Postal Savings Bank

    Postal Savings Bank of China has not been very efficient as seen from its high cost-to-income ratio, says Sinopac Securities Asia's Ivan Li.

  • PSBC

    PSBC's valuations might be pricey, but its non-performing loan ratio is lower than other state-owned banks, says Kingston Securities' Dickie Wong.

  • Postal Savings Bank

    There will be a lot of institutional investor support for Postal Savings Bank of China, says David Riedel of Riedel Research Group.

  • MEXICO CITY, Sept 27- Mexico's Jose Cuervo, the world's largest tequila producer, on Tuesday announced its long-awaited initial public offering, which could raise up to $1 billion, another sign of a wider revival in Latin American stock flotations. "Jose Cuervo has managed to capitalize pretty well, mostly because of their brands, but also because it's one of the...

  • LONDON, Sept 27- Spain's Telefonica is looking to list about 30 percent of its British mobile unit O2 in what would be one of the biggest initial public offerings on the London market this year, sources told Reuters. Europe's biggest telecom group wants to use the relative market calm after the turmoil caused by June's Brexit vote to cut its stake in Britain's...

  • MEXICO CITY, Sept 27- Mexican alcoholic beverage maker Jose Cuervo, the world's largest tequila producer, on Tuesday filed a prospectus with the Mexican bourse to conduct its long-expected initial public offering. The filing provided few details about the IPO, but media reports have suggested the company could seek to raise between $750 million and $1 billion.