The payment system Network International reported that it performed an initial public offering of its shares on the London Stock Exchange, during which it was able to attract £1 billion 100 million. The company set the value of one share at 435 pence, placing only 200 million shares. The international payment system MasterCard was an anchor investor of the IPO. It additionally acquired 49 million 950 thousand shares of Network International, which according to the results of the IPO was valued at 2 billion 175 million pounds. Since the beginning of 2019, this IPO has become the largest in Europe. Shares of Network International rose 17% on Wednesday during their debut trading. Their cost was 510 pence.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...