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GC Asia
Equity
Capital markets pray for decisive US election victory
The US presidential election is next week but, unlike the rest of the world, capital markets professionals are not rooting for Joe Biden or the incumbent, Donald Trump, to win.
29 Oct 2020
Equity
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Equity
New lockdowns no hindrance for ECM supply
New national lockdowns in France and Germany smashed secondary equity markets this week, but ECM bankers are confident that as the shock subsides there will still be deals to do.
12.00 PM -
IPOs
Soltec Power trades up despite volatility
Shares in Spanish solar equipment maker Soltec Power have surged in the aftermarket despite the immense market volatility this week sparked by a surge in coronavirus cases across the European continent, amid huge investor interest in the renewable energy space.
11.00 AM -
Loans/Equity
Ant gets record retail interest for Star IPO
A record number of retail investors in China fought for the Shanghai portion of Ant Group’s landmark dual listing this week, channelling Rmb19tr ($2.83tr) of orders into the world’s largest IPO.
06.45 AM -
Follow-Ons/Rights Issues
Korian completes €400m capital raise
Korian, the French operator of nursing homes, completed its €400m rights issue on Wednesday to fund the acquisition of Inicea.
29 Oct 2020 -
IPOs
Samolet prices first stage of Moscow listing
Samolet, the Russian real estate company, completed a Rb2.9bn ($36.6m) IPO in Moscow on Thursday, the first part of a two-stage process which the company hopes will culminate in a larger listing next year.
29 Oct 2020 -
ABBs/Block Trades
Groupe PSA trims Faurecia stake on torrid day for stocks
Groupe Peugeot Société Anonyme, the French auto manufacturer, chose a tough day to launch a €308m sale of stock in car parts maker Faurecia.
29 Oct 2020 -
Bank Results
ECM fees triple at Credit Suisse
Fee growth from Credit Suisse's equity capital markets business supported its newly established investment bank, its third quarter results on Thursday showed.
29 Oct 2020 -
IPOs
Fashionette prices IPO amid DAX devastation
German e-commerce company Fashionette, which sells designer handbags and accessories online, set a price for its IPO on the Frankfurt stock exchange on Tuesday, even as the main equity index in the country took a pasting.
28 Oct 2020 -
Follow-Ons/Rights Issues
Aston Martin preps huge financing package to fund electric future
Aston Martin, the British luxury carmaker, has arranged a new financing package to strengthen its balance sheet and cash reserves as it embarks on an ambitious new partnership with German car giant Mercedes-Benz, to start producing electric cars.
28 Oct 2020 -
ABBs/Block Trades
Aeroflot lands equity raise with strong government support
Russian airline Aeroflot completed its Rb80bn ($1.05bn) capital raise on Monday, aimed at repairing its balance sheet by repaying debt, with the Russian state increasing its stake in the carrier.
27 Oct 2020 -
Equity-Linked
AMS braves vol to issue new €750m convert
Austrian semiconductor maker AMS has returned to the convertible bond market for more financing, raising €750m.
27 Oct 2020 -
Equity
Investors embrace Mail.Ru block despite bad markets
Sands Capital Management, the US investment manager, sold a 1.6% stake in Russian internet services company Mail.Ru on Monday despite a torrid evening for international stock markets.
27 Oct 2020 -
Equity
PrimaryBid completes $50m private raise amid retail equity surge
PrimaryBid, a company that provides retail investors with a means to take part in primary equity capital raises, completed a $50m Series B financing round on Monday to expand its international business.
26 Oct 2020 -
IPOs
Soltec Power IPO to price at top of the range
The IPO of Soltec Power, the Spanish maker of solar trackers for renewable energy generation, is due to be priced at €4.82, the top of the initial range, after attracting strong demand from investors keen to add stocks with strong ESG credentials to their portfolios during the pandemic.
26 Oct 2020 -
Regulation
Covid-19 equity raises could be subject of litigation
Companies raising equity in the UK this year — amid a very uncertain outlook for business prospects — may risk opening themselves up to claims related to the information they disclose or do not disclose, according to lawyers at Herbert Smith Freehills.
26 Oct 2020
Other news
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BCS hires former Sberbank tech officer to lead IB operations
BCS Global Markets, the investment services division of Russia’s largest independent broker, has hired Vadim Kotov as the new chief operations officer for its investment banking business.
26 Oct 2020 -
Aedifica rights issue attracts 84% take-up
Aedifica, the Belgian real estate company that specialises in care homes for the elderly, has secured an 83.7% take-up for its €459m rights issue.
23 Oct 2020 -
Barclays boasts of share gains in markets
Barclays enjoyed a record quarter in equities, but in its advisory and equity capital markets it lagged behind competitors, it showed in third quarter results on Friday.
23 Oct 2020 -
Unibail cash call threatened as rebel alliance swells stake
Unibail-Rodamco-Westfield’s rights issue is under increased threat from a group of rebel shareholders that disagree with the company’s vision to reset its business.
22 Oct 2020 -
London landlord Shaftesbury taps investors for £300m
Shaftesbury, the UK real estate investment trust that owns swathes of London’s West End, is tapping its shareholders for almost £300m ($392m) amid a severe downturn in the theatre district because of the Covid-19 pandemic.
22 Oct 2020 -
Canal+ Polska launches Warsaw IPO
Emerging market IPOs have been one of the hottest themes in EMEA equity capital markets this year and issuance is set to continue as Canal+ Polska, the Polish television network owned by French TV service Canal+, launched its IPO on Thursday.
22 Oct 2020
IPOs
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New lockdowns no hindrance for ECM supply
New national lockdowns in France and Germany smashed secondary equity markets this week, but ECM bankers are confident that as the shock subsides there will still be deals to do.
12.00 PM -
Soltec Power trades up despite volatility
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Lufax to price $2.4bn US listing at top end
ABBs/block trades
-
New lockdowns no hindrance for ECM supply
New national lockdowns in France and Germany smashed secondary equity markets this week, but ECM bankers are confident that as the shock subsides there will still be deals to do.
12.00 PM -
Groupe PSA trims Faurecia stake on torrid day for stocks
-
Aeroflot lands equity raise with strong government support
Equity-linked
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AMS braves vol to issue new €750m convert
Austrian semiconductor maker AMS has returned to the convertible bond market for more financing, raising €750m.
27 Oct 2020 -
Dufry raises Sfr820m with backing from Alibaba, Advent
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Green convertible bonds are here to stay
Follow-ons/rights issues
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New lockdowns no hindrance for ECM supply
New national lockdowns in France and Germany smashed secondary equity markets this week, but ECM bankers are confident that as the shock subsides there will still be deals to do.
12.00 PM -
Korian completes €400m capital raise
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Aston Martin preps huge financing package to fund electric future
Asia
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Lufax to price $2.4bn US listing at top end
Ping An Insurance-backed Lufax Holdings is expected to price its American depository shares (ADS) at the top of guidance, following a large turnout from global heavyweight investors for its IPO.
08.45 AM -
RemeGen to close IPO early, JW Therapeutics prices
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Ant gets record retail interest for Star IPO
