Page 29 - New Issues News Today

3 Min Read LONDON (Reuters) -Alphawave, a Toronto-based silicon IP firm, is planning to list in London to expand the reach of its chip connectivity technology and could be valued at up to $4.5 billion based on cornerstone agreements with two major investors. About $500 million would be raised by issuing new shares, it said, and existing investors would also offer stock. Alphawave, founded in 2017 and profitable since 2018, said BlackRock and Janus Henderson had agreed to subscribe for $510 mill...

2 Min Read DUBAI (Reuters) - Saudi Tadawul Group has short-listed three local and three foreign banks for potential advisory roles in the financial market company’s upcoming initial public offering (IPO), three sources said. Citigroup, JPMorgan and Morgan Stanley were chosen, along with the securities unit of Saudi National Bank, Saudi Fransi Capital and HSBC Saudi Arabia, the sources said. Tadawul, the kingdom’s bourse operator, is expected to chose one local bank and potentially one or tw...

By Reuters Staff (Updates following bond issue) BOGOTA, April 19 (Reuters) - Colombia on Monday issued $3 billion in global bonds with 11-year and 20-year placements in an over-subscribed offering, the Ministry of Finance said. The Andean country issued $2 billion in bonds due in 2032, which have a yield of 3.356%, and $1 billion in bonds due in 2042, which have a yield of 4.235%, the ministry said in a statement. The bond issue saw demand for $10.2 billion, more than three times the amount off...

SHARE Air France-KLM may raise more capital to bolster its balance sheet as travel begins to recover from the Covid-19 pandemic in the coming months, its chief executive said on Monday. Ben Smith, speaking at an online industry event as a €1.036 billion ($1.25bn) share issue by the airline group nears completion, signalled it could move relatively quickly to seek further funds and reduce debt. "We do have heavy debt that is holding back our balance sheet, so this may have to get looked at aga...

By Reuters Staff 2 Min Read BERLIN, April 19 (Reuters) - Laboratory services group Synlab on Monday set the price range for its planned initial public offering at 18 euros to 23 euros ($21.54 - $27.52) per share, implying a total market capitalisation of up to 5 billion euros. Synlab said it will offer up to 71.5 million ordinary shares, leading to a total IPO size of up to 1.48 billion euros. It said it aimed to raise 400 million euros from the offering of new shares that will be used to repay...

By Reuters Staff 3 Min Read (Reuters) -Automation tech startup UiPath on Monday boosted the price range for its initial public offering (IPO) in New York, and is now targeting a valuation of nearly $28 billion, setting the stage for yet another high-profile tech listing this year. UiPath’s planned debut comes amid a flurry of major tech listings from the Silicon Valley, as a number of startups look to capitalize on the sky-high investor demand for new, high-growth tech stocks. A number of ric...

By Reuters Staff 1 Min Read BOGOTA, April 19 (Reuters) - Colombia plans to issue global bonds due in 2032 and 2042, according to filings published on the U.S. Securities and Exchange Commission (SEC) website on Monday. The size of the 11-year and 20-year bond issues was not revealed in the filings. An application will be made to list the bonds on the official list of the Luxembourg Stock Exchange and to trade them on the exchange’s the Euro MTF Market, the filings said. The proceeds from the ...

4 Min Read SINGAPORE (Reuters) - Grab Holdings, Southeast Asia’s ride-hailing to delivery giant, is considering a secondary listing in its home market of Singapore after completing a Nasdaq listing via a $40 billion SPAC merger, three sources familiar with the matter said. Listing on Singapore Exchange would enable Grab to have an investor base close to where its regional business is based, the people said, potentially offering its customers, drivers and merchant partners easier access to tra...

The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS/Afolabi Sotunde ABUJA (Reuters) - The Nigerian Exchange Group quoted 1.9 billion shares on the over-the-counter market NASD on Wednesday at 25 naira each, giving it a valuation of 47.5 billion naira ($125 million), exchange data showed. The listing makes the Nigerian bourse Africa’s second to be listed after the Johannesburg Stock Exchange. It began changing its ownership structure from a mutual company of st...

By Reuters Staff 2 Min Read LONDON (Reuters) -Food delivery company Deliveroo said its orders more than doubled in the quarter to end-March in its first trading update since its highly-anticipated listing in London last month flopped. FILE PHOTO: A Deliveroo delivery rider cycles in London, Britain, March 31, 2021. REUTERS/Toby Melville Growth accelerated for the fourth consecutive quarter, the company said, with group orders up 114% year-on-year to 71 million and gross transaction value (GTV) ...