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...
Martin Steinbach, EMEIA IPO leader at EY, discusses whether or not investors should be cautious around IPOs in emerging markets like China and Russia.
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.
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 of China has not been very efficient as seen from its high cost-to-income ratio, says Sinopac Securities Asia's Ivan Li.
PSBC's valuations might be pricey, but its non-performing loan ratio is lower than other state-owned banks, says Kingston Securities' Dickie Wong.
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.
*Neoen wants to raise 200- 300 mln euros in capital increase. In December, it stole a march on EDF by opening a 300 megawatt solar farm- Europe's biggest- near Bordeaux, which will sell power more cheaply than the new nuclear reactors EDF plans to build in Hinkley Point, Britain. To fund this, it is considering a 200- 300 million euro capital increase.
TORONTO, Sept 26- Canadian fashion retailer Aritzia Inc priced its initial public offering at C $16 a share on Monday, at the very top end of the range it marketed the deal, according to three sources with knowledge of the matter.
Sept 26- Waste collection company Advance Disposal Services Inc said on Monday it expects to raise as much as $404.3 million in its initial public offering, valuing the company at about $1.76 billion. The company expects the 19.25 million-share offering to be priced at between $18 and $21 per share, Advance Disposal Services said in a filing on Monday.
JAKARTA, Sept 26- Indonesian airline operator PT Sriwijaya Air plans to launch an initial public offering of equity shares in March, owner and group chief executive Chandra Lie told reporters on Monday. Sriwijaya Air's plan to go public next year comes as domestic rival Lion Air, the country's biggest budget carrier, is also considering floating its shares on...
CBS has not publicly disclosed how much debt the unit plans to issue. Representatives of CBS and all of the banks declined to comment. CBS will use capital from the radio deal for buybacks and investing in the business, CBS Chief Executive Leslie Moonves told the Goldman Sachs Communacopia Conference this week.
Eight companies made their market debut this week, raising a total of $1.22 billion. Five listed one or more of the six big banks as a lead manager, according to Renaissance Capital, a manager of IPO-focused ETFs. Equity offerings in the United States fell 36 percent to $122.7 billion through the week of Sept. 16.
FRANKFURT, Sept 23- Innogy, the renewables, network and retail business of utility RWE, could fetch up to 5 billion euros when it lists next month to become Germany's biggest IPO since the tech boom at the turn of the millennium. RWE's debt is 28.3 billion euros, E.ON' s 25.5 billion. By pooling and listing its healthy assets-- grids, retail and renewables-- as a separate...
Shares of Ashland spinoff Valvoline opened at $24.10 in its initial public offering on Friday.