Spanish petrochemical corporation Cepsa has postponed initial public offerings due to the situation in global stock markets under pressure in the context of ongoing trade disputes between the US and China, as well as due to Brexit uncertainty and rising interest rates. UAE investment fund Mubadala, which owns Cepsa, intended to sell 25% of the corporation. It was expected that during the IPO, which was to be the largest for an oil company in 10 years, it would be possible to attract about 2 billion euros. It is reported that if more favorable conditions develop in the international capital markets in the future, Mubadala will be able to return to the stock market.
The Warner Music Group Corp. (WMG.O) got off to a positive start on its Nasdaq debut on Wednesday. The world’s third-largest recording label sold shares worth $1.9-billion, marking the largest initial public offering in the United States ...
GFL Environmental Inc raised nearly $1.4 billion in its IPO, pricing shares below target range in an attempt to withstand market volatility amid the virus outbreak. The Canada-based waste management company valued its IPO at $19 per share, ...
Ping An Insurance’s OneConnect downsizes planned IPO by 28% OneConnect Financial Technology, a unit of China’s biggest insurer Ping An Insurance, downsized its upcoming IPO in the U.S. by 28%. The firm set a price range of $9 to ...
MUMBAI- SBI Cards and Payment Services, credit card subsidiary of State Bank of India and India’s top lender, submitted draft on Wednesday complete with proposed initial public offering (IPO) with market regulator and stock exchanges. ...
Australian financial institution, Tyro Payments released a prospectus on Monday planning to raise A$252.7 million ($173.23 million) for domestic initial public offering (IPO). Tyro’s scheme will push through even though six listings ...