Jefferies LLC

Cobham, the UK aerospace and marine technology company, has successfully completed its £500m rights issue, which ended with a £22m rump placement this morning.

The wave of rights issues and capital raisings in the market this summer is so far going smoothly, with good news this week for Banco Popular Español, as its shares and rights perked up in trading.

Cobham, the UK aerospace and machine technology maker, has priced its debt-cutting £506.7m rights issue, announced in April, at a heavy discount of 45.4% to Tuesday's closing share price.

The swathe of rights issues set to form a big part of Emea equity capital markets activity this side of the summer has moved forward this week, with the conclusion of Dubai Parks and Resorts’ deal and the launch of SSAB’s prospectus.

Property developer Frasers Centrepoint is likely to begin bookbuilding on Friday for a potential S$900m ($651.5m) real estate investment trust IPO in Singapore, a source close to the deal told GlobalCapital Asia.

Philips Lighting and Maisons du Monde’s IPOs have run precisely along the same timelines, with many similarities in how the sales went, and today their debut trading performances also ran in parallel, as both stocks jumped. Philips Lighting closed up 10% and Maisons du Monde 5.9%.

The IPOs of Philips Lighting and Maisons du Monde both reached successful conclusions on Thursday. Their books built gradually, which a banker said boded well for them to trade solidly when they are listed, unlike some recent soggy performers like Telepizza.

Jefferies has hired Vikas Khattar from HSBC as its head of capital markets for India and southeast Asia.

Indian pharmaceutical firm Laurus Labs is planning a Rp10bn ($148.7m) IPO this year and has lined up three banks to lead it, according to a source close to the deal.

India’s Laurus Labs is planning a Rp10bn ($149.2m) IPO this year and has picked three banks to lead the deal, according to a source close to the transaction.

Maisons du Monde, the French furniture retailer, launched its IPO bookbuild on Monday, with UK, Dutch and South African companies as the main comparable stocks. On Thursday, the leads said the deal was covered.

China’s Yintech Investment Holdings closed unchanged on its first day of trading on the Nasdaq on Wednesday, after pricing its $101.3m IPO at the mid-point of the range.