Stifel

Investors rush to make the most of the pre-Thanksgiving window

Glocos relieved by 'better than anticipated' result

Bankers on the deal are confident about auctioning the remaining rights

By scrapping the 'all or nothing clause', the bank may apply a special Italian mechanism for highly dilutive rights issues

PensionBee, the UK online pensions provider, is preparing to go public on the London Stock Exchange, according to a regulatory filing on Tuesday.

New York-based hedge fund Third Point has offloaded a £42.3m chunk of its stake in Energean, the London-listed oil and gas producer focused on the Eastern Mediterranean.

Ping An Insurance-backed Lufax Holdings is expected to price its American depositary shares at the top of guidance, following a large turnout from global heavyweight investors for its IPO.

Chinese financial technology company Ant Group has sealed the world’s largest ever IPO, raising $34.4bn from dual listings in Shanghai and Hong Kong. The company built two mammoth order books despite a turbulent week for equity markets globally — although that created serious challenges for bankers allocating the stock. Jonathan Breen reports.

Ping An Insurance-backed Lufax Holdings has covered its $2.36bn US listing. Global heavyweight investors flocked to the long-awaited deal.

Lufax Holdings, a personal finance services platform, has opened books for its offering of American depositary shares (ADS). It is aiming to raise up to $2.36bn.

Suriname’s sovereign bonds traded up in the wake of last week’s elections, despite doubts over a looming debt payment and even as a candidate who has promised discussions over the country’s rapidly rising debt stock looks to be nearing power.

Supermarket Income Reit, the UK real estate investment trust focused on grocery stores, has attracted strong demand for its latest capital raising to fund new investment opportunities that may arise from the Covid-19 pandemic.