Page 28 - New Issues News Today

By Reuters Staff 2 Min Read HONG KONG, April 26 (Reuters) - China Huarong Asset Management said it will miss an April 30 deadline to file its 2020 earnings results as auditors need more time - a second postponement that is likely to increase concern among the company’s already jittery bond investors. Huarong had first planned to release results on March 31 but delayed that announcement citing the need to finalise a “relevant transaction”. That led to a suspension in trade of its shares an...

3 Min Read BERLIN (Reuters) - SUSE, an open-source enterprise software company with German roots, on Monday announced its intention to float on the Frankfurt stock exchange as it seeks fresh capital to invest in organic growth and acquisitions. SUSE will issue $500 million in new shares via the offering to pay down debt while Swedish investment fund EQT, which acquired SUSE in 2018 for $2.5 billion, will sell an unspecified further number of existing shares. EQT hired SAP veteran Melissa di Don...

British cyber-security firm Darktrace is looking for a valuation of between 1.6 billion and 1.9 billion pounds ($2.22-$2.6 billion) in its London stock exchange listing, a source familiar with the transaction told Reuters.

By Reuters Staff 2 Min Read DUBAI, April 26 (Reuters) - The government of the Maldives sold $100 million in Islamic bonds on Monday in a reopening of a transaction the state did last month, a document showed. The “tap” of the existing bonds - when an existing transaction is reopened for subscription using the same documentation as before - was at a profit rate of 10.5%, the document from one of the banks on the deal showed. That transaction was a tap of a five-year sukuk deal the Maldives d...

2 Min Read MADRID (Reuters) - Spanish renewable energy firm Opdenergy is finalising plans to launch a share sale worth up to 412 million euros ($494.7 million) as it seeks to tap into investor demand for green assets, two sources familiar with the matter said on Thursday. Opdenergy needs cash to expand its pipeline of photovoltaic plants and wind farms. It wants to raise 375 million euros from a listing in Madrid, with a so-called greenshoe extension option which could take the overall deal siz...

(Adds quote, background) LONDON, April 23 (Reuters) - Spanish fund distribution firm Allfunds’ shares jumped more than 10% on their Amsterdam debut, in a boost to an IPO market dented by last month’s disastrous Deliveroo listing. Allfunds is among the biggest IPOs in Europe this year so far, along with the completed listings of Deliveroo and Vantage Towers, Vodafone’s towers business. Friday’s listing is a big win for Amsterdam, which has emerged as an early beneficiary after Brexit den...

3 Min Read HONG KONG (Reuters) - Private equity firm PAG plans to merge its two Chinese industrial gases portfolio companies and seek an offshore listing for the combined entity estimated to be worth more than $10 billion, two people with knowledge of the matter said. Hong Kong-based PAG is discussing with banks a plan to combine Yingde Gases Group with Shanghai Baosteel Gases Group, both Shanghai-headquartered, and then list the merged entity in what could be a billion dollar float, they told ...

1 Min Read SAO PAULO (Reuters) - Brazilian facilities company GPS and its shareholders raised at least 2.3 billion reais ($422.46 million) in an initial public offering priced on Thursday, two sources with knowledge of the matter said. The company priced its shares at 12 reais, the sources added. GPS, which has private equity firms Warburg Pincus and Gavea Investimentos as investors, was forced to cut its price range earlier this week due to low demand from investors to between 11.25 reais and ...

By Reuters Staff 2 Min Read (Reuters) -Mapbox, a location data services provider, is in talks to go public through a merger with a blank-check firm backed by SoftBank Group Corp in a deal that could value the company at around $2 billion, according to a Sky News report on Friday. The San Francisco-headquartered company is in talks with SVF Investment Corp 3 to take it public, the report said, citing a U.S. banking source. (bit.ly/3aCbYLw) Investment banks including Cantor Fitzgerald LP, Citigro...

1 Min Read FILE PHOTO: A man walks by a logo of Bytedance, the China-based company which owns the short video app TikTok, or Douyin, at its office in Beijing, China July 7, 2020. REUTERS/Thomas Suen BEIJING (Reuters) -Beijing-based ByteDance said on Friday it had no imminent plans for an initial public offering (IPO). ByteDance last month hired former Xiaomi executive Shou Zi Chew for a newly-created role as chief finance officer, suggesting the tech company was moving a step closer to a much-...