CEE Equity

IPO, rights issue and equity-linked volume were all down in 2015, so the fact that block trades maintained their 2014 level of issuance made them the stand-out business of the year in equity capital markets. Now stocks participants are asking themselves if they can keep up the pace. Olivier Holmey reports.

DenizBank, the Turkish bank, is to conduct a second capital increase, only a few months after finishing its last one — but main shareholder Sberbank is expected to maintain its near-100% stake.

Novorossiysk Grain Plant finally listed and started trading on the Moscow Exchange on Tuesday, after having delayed closing the deal for three weeks.

Europlan, the Russian car and truck leasing company, has completed its IPO on the Moscow Exchange, raising Rb3.27bn ($47m). Allocations were made on Thursday December 10.

Novorossiysk Grain Products Plant, Russia’s largest grain export shipping terminal, has set the price range and opened the book for its IPO, in which it will join the first section of the Moscow Exchange.

Bank of Georgia completed the IPO of its healthcare subsidiary on Monday, as it successfully priced the deal, although at a price much below what it had hoped for.

Bank of Georgia completed the initial public offering of its healthcare subsidiary on Monday, as it successfully priced the deal, although at a price much below what it had hoped for.

Lenta, the Russian supermarket group, completed a $275m sale of global depositary receipts on Tuesday night, in an accelerated bookbuild of both primary and secondary stock.

Georgia Healthcare Group launched on Monday its initial public offering on London’s main market, as it aims to follow in the footsteps of its sole owner, Bank of Georgia, which is already listed there.

Rarely has confidence in equity markets been more savagely battered during August than this year. But hopes that issuance of new deals will be able to continue in the September-December season were raised on Tuesday by the launch of investor education for two IPOs.

Frankfurt-listed Snowbird, a Chinese down manufacturer, has cancelled plans to seek a secondary listing in Singapore, amid a wave of panic selling that has gripped stock markets this week.

Mehmet Kutman, the chairman of Global Liman, has reportedly been fined TL617,000 ($223,000) by the Turkish regulator for claims related to the cancellation of the Turkish cruise operator’s initial public offering.