Global Fashion Group IPO mostly backed by existing shareholders

Global Fashion Group (GFG) raised less than half the sum it had originally targeted in an initial public offering of new shares that drew weak investor demand and ended up being mostly backed by its existing shareholders.

from Reuters: New Issues News https://ift.tt/2IYAsRD

UPDATE 2-Airtel Africa drops 15% in early trade after London debut

Airtel Africa shares fell as much as 15% on Friday after its London stock market debut, hitting a low of 67 pence ($0.85) against an initial public offering price of 80 pence.

from Reuters: New Issues News https://ift.tt/2KGEQGZ

UPDATE 2-France's Orange to sell remaining stake in Britain's BT

* Orange stake worth 493 mln pounds or 550 mln euros (Recasts, adds context on BT revamp, Orange's recent performance)

from Reuters: New Issues News https://ift.tt/31VFYvN

UPDATE 1-Russian lender TCS to offer GDRs to boost its capital

Russian consumer lender TCS Group, the parent company of Tinkoff Bank, said on Thursday it would raise extra capital by offering 16.7 million global depositary receipts (GDRs) at $18 per unit.

from Reuters: New Issues News https://ift.tt/2YewwkJ

UPDATE 2-Swiss Re's ReAssure valued at up to $4.2 bln in IPO

UK life assurance business ReAssure will be valued at up to 3.3 billion pounds ($4.2 billion) when it floats on the London Stock Exchange, its largest shareholder Swiss Re said on Thursday.

from Reuters: New Issues News https://ift.tt/2X4uoLk

CORRECTED-UPDATE 1-IPO price range values Swiss Re's ReAssure at up to $4.2 bln

Swiss Re has set a price range of 2.80 to 3.30 pounds for shares in the flotation of its UK life assurance business ReAssure, the world's second-largest reinsurance company said on Thursday.

from Reuters: New Issues News https://ift.tt/2FADHg2

Voyager Air plans $200 mln London IPO to kickstart aircraft leasing business

Voyager Air Limited said on Thursday it planned to raise up to $200 million via a listing on the London Stock Exchange, to support its new aircraft leasing business.

from Reuters: New Issues News https://ift.tt/2ZMFh6b

UPDATE 1-IPO price range values Swiss Re's ReAssure at up to $4.2 bln

Swiss Re has set a price range of 2.80 to 3.30 pounds for shares in the flotation of its UK life assurance business ReAssure, the world's second-largest reinsurance company said on Thursday.

from Reuters: New Issues News https://ift.tt/2ZWcV9L

UPDATE 2-No breakthrough in Swiss-EU battle of the bourses

* European Commission not in contact with Swiss amid standoff

from Reuters: New Issues News https://ift.tt/2INEgF6

Airtel Africa receives pre-IPO interest worth about $200 mln - bookrunner

One of the bookrunners handling Airtel Africa Ltd's planned initial public offering on the London Stock Exchange said on Monday it had received indications of interest worth about $200 million from pre-IPO investors.

from Reuters: New Issues News https://reut.rs/2X0dvpP

Russia's Rusagro sees secondary offering likely this year

The chief executive of Russian farming conglomerate Rusagro, Maxim Basov, said the company is likely to hold a secondary public offering this year.

from Reuters: New Issues News https://reut.rs/2ICyohS

Britain's Trainline expects to price IPO at top of range -bookrunner

Trainline's planned share listing on the London Stock Exchange is expected to price at 350 pence per share, the top end of its targeted range, implying a total valuation for the company of up to 1.7 billion pounds, a bookrunner said.

from Reuters: New Issues News https://reut.rs/2IqVQPc

Barrick said Tuesday comments on Acacia offer not a 'no-increase statement'

Barrick Gold Corp said on Wednesday that comments by Chief Executive Mark Bristow that he had no intention of discussing a higher buyout offer for the company's African unit with its minority shareholders should not be considered a "no-increase statement."

from Reuters: New Issues News https://reut.rs/31GMdn3

Okea sees foreign oil majors leaving Norway's offshore in a decade

* Okea sees opportunities for small oil firms as majors leave

from Reuters: New Issues News https://reut.rs/2KYyHW7

Oil firm Okea's IPO raises less than half initially planned

* Had to lower IPO price to 21 crowns/share from 25-33 crowns

from Reuters: New Issues News https://reut.rs/2Xkt0Z8

UPDATE 1-Irish pharma group Uniphar plans IPO

Irish pharmaceutical wholesale and retailing group Uniphar plans to raise up to 150 million euros ($167 million) from a placing of new shares in London and Dublin, it said on Monday.

from Reuters: New Issues News https://reut.rs/2RnQKGq

Irish pharma group Uniphar plans IPO

Irish pharmaceuticals group Uniphar plans to raise up to 150 million euros ($167 million) from a placing of new shares in London and Dublin, it said on Monday.

from Reuters: New Issues News https://reut.rs/2Ff1Zw1

RPT-Airtel Africa expects London IPO to be priced between 80-100 pence share

Airtel Africa Ltd , a unit of India's Bharti Airtel Ltd, on Monday set a price range of 80 to 100 pence per share for its planned initial public offering on the London Stock Exchange.

from Reuters: New Issues News https://reut.rs/2KTr9Uw

Long-awaited London-Shanghai share listing project goes live

Companies listed in Britain will be able to sell shares in China on Monday with the launch of a long-awaited London-Shanghai Stock Connect project that finance minister Philip Hammond called a chance to deepen "global connectivity".

from Reuters: New Issues News https://reut.rs/2MSYvpb

UPDATE 2-Chinese brokerage Huatai prices London listing at bottom of range

* Biggest orders placed by hedge funds -source (Adds financial details)

from Reuters: New Issues News https://reut.rs/2IgtbfA

Books on Trainline's London share listing covered - bookrunners

Books on Britain's Trainline's planned share listing on the London Stock Exchange are covered, bookrunners handling the sale said on Thursday.

from Reuters: New Issues News https://reut.rs/2wR9ZhX

UPDATE 1-Huatai valued at up to $1.8 bln in first London-Shanghai Connect deal

Huatai Securities on Tuesday set a price range of $20 to $24.50 per global depositary receipt to raise $1.2 billion, becoming the first Chinese company to sell shares in London in a deal set to value the brokerage up to $1.8 billion, one of the bookrunners handling the sale said.

from Reuters: New Issues News https://reut.rs/2XD5dk0

Huatai seeks $20-$24.50 per GDR in first London-Shanghai Connect offering

Huatai Securities, one of China's largest brokerages, on Tuesday set a price range of $20 to $24.50 per global depositary receipt (GDR), aiming to raise at least $1.2 billion in the first London offering of its kind, according to a bookrunner.

from Reuters: New Issues News https://reut.rs/2XC463W

UPDATE 1-Carlyle, DWS lining up bids for $3.9 bln Arriva sale -sources

U.S. buyout fund Carlyle and German asset manager DWS are gearing up to bid for British rail and bus firm Arriva after holding preliminary talks with its German owner Deutsche Bahn, sources familiar with the matter told Reuters.

from Reuters: New Issues News https://reut.rs/31dnRkI

Carlyle, DWS lining up bids for $3.9 bln Arriva sale - sources

U.S. buyout fund Carlyle and German asset manager DWS are gearing up to bid for British rail and bus firm Arriva after holding preliminary talks with its German owner Deutsche Bahn, sources familiar with the matter told Reuters.

from Reuters: New Issues News https://reut.rs/2WOiFUW

UPDATE 2-Emerging markets online fashion retailer GFG prepares listing

* Sales of 1.16 bln euros in 2018, adj EBITDA margin of -4.3%

from Reuters: New Issues News https://reut.rs/2HQhlbH