IPOs The asset management group says the offering will cut net debt to £150m. Managers are expected to sell up to 20% of their shares
Appetite wanes for glut of Asian listings
Hopu pulls $1bn investment at the last minute
Group aware of private equity problems
Offering marks comeback for Adelson
A wave of mainland Chinese companies are rushing to sell shares after the Hang Seng index in Hong Kong recovered from a dip in March. So far, investors have been eager to snap up these shares as China is on course to remain the fastest growing among leading world economies
Over the next few months buy-out groups are expected to dump as many highly leveraged companies as they can on the stock market. Trouble is, mature companies coming to market with their cost structure finely tuned leave little room in the after-market for growth
Interest from institutional and retail investors in Poland’s PGE shows that Europe’s IPO drought may be ending
When the chief executive of AIG said he wanted to halve the fees paid to Wall Street banks to take the insurer’s units public, he raised an issue that has long vexed companies looking to raise capital.
Private equity companies face a specific and additional obstacle compared with, say, entrepreneurs selling the companies they founded: debt
Global markets rally encourages buy-out groups to look again at stock market flotations for portfolio companies taken private in the credit boom
Asia is expecting a strong pick-up in market listings after a steady flow of flotations in Hong Kong and amid growing expectations that Beijing could soon allow domestic listings again after almost a year
The UK’s first initial public offering of the year raised hopes of a broader recovery as Max Property Group raised £200m and saw its first day share price rise 30 per cent to 130p
The global equity capital markets have shown signs of life in recent weeks but a rush to the public markets is likely to take a lot longer to materialise
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