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GC Asia
IPOs
Alphawave flops in aftermarket after London flotation
Shares in Canadian semiconductor company Alphawave plummeted more than 20% on Thursday morning as the stock began trading on the London Stock Exchange after its £856m IPO.
13 May 2021
Equity
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Equity-Linked
Convertible investors feel the pain after tech sell-off
A rotation out of technology stocks and concerns about market capacity have taken some of the steam out of a booming convertible bond market.
13 May 2021 -
Equity
Euronext completes ‘vanilla’ €1.8bn rights issue
Euronext has completed its €1.8bn rights issue to fund its takeover of the Borsa Italiana from London Stock Exchange Group.
13 May 2021 -
Southpaw
Peel Hunt gains muscle as Santander shakes up UK ECM
Santander’s equity capital markets tie-up with Peel Hunt finally provides it with the entry into the UK that it has been seeking while giving the UK broker the firepower to compete with the biggest banks ahead of its planned listing, writes David Rothnie.
13 May 2021 -
IPOs
OVHcloud picks banks to lead Paris flotation
French cloud computing company OVHcloud has mandated banks for its upcoming initial public offering on Euronext Paris.
12 May 2021 -
IPOs
Antares Vision finishes Milan re-IPO on strong note
This week, Antares Vision, the Italian technology company, has completed a large share sale on the Italian stock exchange which will act as a re-IPO.
12 May 2021 -
IPOs
Montana Aerospace soars in first day trading
Shares in Montana Aerospace, the Swiss-Austrian aerospace company, took to the skies on Wednesday morning, the company’s first day of trading on the Swiss SIX Exchange following its IPO.
12 May 2021 -
IPOs
Pepco, Alphawave meet demand during bookbuilding
The IPO of Pepco, the retail conglomerate, is due to be priced at Z40, valuing the company at Z23bn (€5.07bn) when it begins trading on the Warsaw Stock Exchange later this month.
12 May 2021 -
IPOs
Believe aims to capture attention with Paris IPO
Believe, the French music streaming and distribution company, is looking to grab investors in what is becoming an exceedingly binary IPO market as it launches in Paris.
11 May 2021 -
Equity
NatWest block trade stars in European ECM's bumper night
The UK Treasury sold 580m ordinary shares in NatWest on Monday night at £1.90, a 3.6% discount to the closing price.
11 May 2021 -
Follow-Ons/Rights Issues
European investors embrace crowd of primary equity issuers
A fresh wave of primary equity capital raising is coursing through Europe, with several large issues priced already this week, including a $1.05bn sale by The Hut Group, the UK e-commerce company that went public last year.
11 May 2021 -
Equity-Linked
IAG issues €825m convertible despite tough day for airline stocks
IAG, the parent of British Airways and Iberia, has become the latest airline company to tap the convertible bond market for financing during the pandemic, as it continues to burn vast amounts of cash amid a slow recovery in global travel.
11 May 2021 -
People & Markets
Barrass swaps syndicate for buy side
US hedge fund Schonfeld Strategic Advisors has hired a former Credit Suisse and Bank of America equity syndicate banker to run its European equity capital markets desk.
11 May 2021 -
People & Markets
BNP Paribas adds two MDs for EMEA ECM push
BNP Paribas has made two senior hires in European equity capital markets as part of its ambitious challenge to top the region’s league table positions.
10 May 2021
IPOs
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China’s ForU Worldwide hauls in $100m US IPO
Chinese road freight company ForU Worldwide is planning a Nasdaq offering of American depository shares (ADS). It is looking to raise at least $100m.
08.15 AM -
HK tycoon-backed Artisan Spac seals $300m IPO
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Alphawave flops in aftermarket after London flotation
ABBs/block trades
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HK investors gobble up EV maker, dairy blocks
A pair of large block trades this week showed the depth of Hong Kong’s equity capital market, with more than $3bn raised by conglomerate China Evergrande Group and European food products company Danone. Jonathan Breen reports.
13 May 2021 -
NatWest block trade stars in European ECM's bumper night
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European blocks market revved up after deal fest
Equity-linked
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Convertible investors feel the pain after tech sell-off
A rotation out of technology stocks and concerns about market capacity have taken some of the steam out of a booming convertible bond market.
13 May 2021 -
IAG issues €825m convertible despite tough day for airline stocks
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Tullow Oil dodges restructuring, aims to break free of RBL crunch points
Follow-ons/rights issues
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Euronext completes ‘vanilla’ €1.8bn rights issue
Euronext has completed its €1.8bn rights issue to fund its takeover of the Borsa Italiana from London Stock Exchange Group. Investors oversubscribed for Euronext shares, as is permitted under French rights issue rules, and sources said they were always confident in the transaction’s success despite recent equity market turbulence.
13 May 2021 -
Antares Vision finishes Milan re-IPO on strong note
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European investors embrace crowd of primary equity issuers
Asia
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China’s ForU Worldwide hauls in $100m US IPO
Chinese road freight company ForU Worldwide is planning a Nasdaq offering of American depository shares (ADS). It is looking to raise at least $100m.
08.15 AM -
HK tycoon-backed Artisan Spac seals $300m IPO
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HK investors gobble up EV maker, dairy blocks
