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