© Reuters. FILE PHOTO: The logo of Saudi Aramco is seen at Aramco headquarters in Dhahran DUBAI (Reuters) – State-owned oil company Saudi Aramco (SE:) said on Sunday it had exercised its “greenshoe option” to sell an additional 450 million shares, raising the size of its initial public offering (IPO)Read More →
Five IPOs plan to raise $444 million in the week ahead. Chinese apartment rental platform Phoenix Tree Holdings (DNK) plans to raise $164 million at a $3.1 billion market cap. Operating under the name Danke Apartment, the company operates 391,911 units in China. Close peer Q&K International (NASDAQ:QK) is downRead More →
When the 180-day lockup period for Afya Ltd. (AFYA) ends on January 15, 2020, pre-IPO shareholders and company insiders will be able to sell more than 13 million currently-restricted shares in the secondary market. With just 13.7 million shares trading pursuant to the IPO, any significant sales could flood theRead More →
DUBAI (Reuters) – Gulf stocks fell sharply in late afternoon trade on Sunday, with Kuwaiti and Saudi stocks leading losses. Shares of oil giant Aramco (SE:), which listed last month in a record initial public offering (IPO), fell 1.7% to hit the lowest level since it started trading on DecRead More →
Just one company began trading in the shortened week that marked the end of 2019. Three healthcare companies and a SPAC submitted initial filings. Chinese chemicals e-commerce firm Molecular Data (NASDAQ:MKD) priced at $5.38, below the midpoint of the $5 to $7 range, to raise $62 million at a $684Read More →
Quick Take Molecular Data (MKD) has filed to raise $69 million in an IPO of ADSs representing underlying Class A shares, per an amended F-1/A registration statement. The company operates an online marketplace for the chemicals industry in China. MKD has done well to grow its gross merchandise value [GMV]Read More →
Introduction Our goal is to present to you our IPO analysis for every new fixed-income security that enters the market and to find out if there is any trading potential. In this article, we want to shed light on the newest Baby Bond issued by Ford Motors Co (F). EvenRead More →
By Julie Zhu and Kane Wu HONG KONG (Reuters) – China National Chemical Corp, or ChemChina, has approached Chinese state-backed investors for up to $10 billion in funding as part of a reorganisation of its agrichemicals business ahead of a public float, according to five people familiar with the situation.Read More →
Just two micro-cap companies are expected to IPO as we enter the last week before the holidays. Micro-cap onshore E&P Indonesia Energy (INDO) is expected to raise $15 million at a $75 million market cap. The company operates one production block and one exploration block, and production peaked at 400Read More →
Saudi Aramco’s (ARMCO) IPO is officially the world’s largest IPO ever. The company priced its nearly $26 billion deal at the high end, surpassing Alibaba’s (NYSE:BABA) 2014 US IPO. It will also surpass Apple (NASDAQ:AAPL) as the world’s largest public company when it begins trading next week, with an IPORead More →
© Reuters. FILE PHOTO: Sign of Saudi Aramco’s IPO is seen during a news conference by the state oil company in Dhahran By Hadeel Al Sayegh, Marwa Rashad and Rania El Gamal DUBAI/RIYADH Reuters) – State-owned oil giant Saudi Aramco’s initial public offering (IPO) will be the biggest in history,Read More →
Introduction Our goal is to present to you our IPO analysis for every new fixed-income security that enters the market and to find out if there is any trading potential. In this article, we want to shed light on the newest preferred stock issued by Northern Trust Corporation (NTRS). EvenRead More →
© Reuters. FILE PHOTO: Amin H. Nasser, president and CEO of Saudi Aramco, speaks during a news conference in Dhahran By Ahmed Hagagy, Tuqa Khalid and Hadeel Al Sayegh DUBAI (Reuters) – Saudi Aramco met investors in Dubai on Sunday to market its initial public offering (IPO), after trying toRead More →
Quick Take XP (XP) has filed to raise gross proceeds of $100 million from a U.S. IPO, according to an F-1 registration statement. The firm operates as a technology-driven consumer debt financing solutions platform with offices in Brazil, New York, Miami, London and Geneva. XP has grown quickly and hasRead More →
Quick Take OneConnect (OCFT) has filed to raise gross proceeds of $100 million from a U.S. IPO, according to an F-1 registration statement. The firm provides a Software-as-a-Service platform to financial institutions in China and overseas. OCFT is seeking public investment but is producing high and increasing operating losses andRead More →
© Reuters. FILE PHOTO: Saudi Aramco logo is pictured at the oil facility in Abqaiq By Saeed Azhar, Hadeel Al Sayegh, Rania El Gamal and Clara Denina DUBAI/LONDON (Reuters) – The army of banks working on Saudi Aramco’s listing will earn combined fees of $90 million or less, according toRead More →
Introduction Our goal is to present to you our IPO analysis for every new fixed-income security that enters the market and to find out if there is any trading potential. In this article, we want to shed light on the newest preferred stock issued by JPMorgan Chase & Co. (JPM).Read More →
Saudi Aramco said it is aiming for a valuation of $1.6 trillion to $1.7 trillion from the planned initial public offering of the state-owned energy giant, falling well short of the initial $2 trillion targeted by Saudi Crown Prince Mohammed bin Salman in what could still be the world’s biggestRead More →
© Reuters. A Saudi man reads the prospectus of Aramco IPO, in Riyadh By Hadeel Al Sayegh, Saeed Azhar and Rania El Gamal DUBAI (Reuters) – Saudi Aramco is worth up to $1.7 trillion at the price range set by the oil giant on Sunday, below the $2 trillion soughtRead More →
DUBAI (Reuters) – Saudi Aramco does not plan to market its domestic initial public offering (IPO) in the United States, two sources familiar with the matter said. Aramco had said in its IPO prospectus earlier this month that the offering of shares would rely on the 144A rule of theRead More →
Five IPOs and two SPACs plan to raise $634 million in the week ahead. One of the leading makers of cryptocurrency mining equipment, Canaan (CAN) plans to raise $100 million at a $1.6 billion market cap. It originally filed to raise $400 million (and in 2018 was rumored to beRead More →
Introduction Our goal is to present to you our IPO analysis for every new fixed-income security that enters the market and to find out if there is any trading potential. In this article, we want to shed light on the newest Baby Bond issued by Sachem Capital Corp (SACH). EvenRead More →
(Bloomberg) — Saudi Aramco will allow investors to start bidding for shares in the world’s most-profitable company from Nov. 17. It left potential buyers in the dark about the size of the stake it plans to sell and the pricing range. The Saudi stock exchange rules prohibits the oil giantRead More →
© Reuters. FILE PHOTO: A Saudi Aramco sign at the company’s Abqaiq oil plant By Saeed Azhar, Hadeel Al Sayegh, Aziz El Yaakoubi and Maher Chmaytelli DUBAI (Reuters) – Saudi state oil giant Aramco will sell 0.5% of its shares to individual retail investors and the government will have aRead More →
Quick Take I-Mab Biopharma (IMAB) has filed to raise gross proceeds of $100 million from a U.S. IPO, according to an F-1 registration statement. The firm is focused on developing new therapeutics for cancers and autoimmune disorders. IMAB has a large pipeline of treatment candidates but has provided no specificsRead More →