Page 35 - New Issues News Today

2 Min Read (Reuters) -Compass Inc, the U.S. real estate technology firm backed by SoftBank Group, said on Wednesday it sold shares in its initial public offering at $18 each, at the lower end of its downsized target range to raise $450 million. Compass had previously set a price range of $18-$19 per share, downsized from its prior target at $23 to $26. At $18, a fully diluted valuation, which includes securities such as options and restricted stock, would be $9 billion, compared to $6.4 billion...

4 Min Read HONG KONG/SINGAPORE (Reuters) - Asian bourses from Tokyo to Singapore are considering rule changes to allow listing of SPACs, but some industry players say the region may not attract the kind of frenzy, or the massive billions of dollars, seen in the U.S. for such blank cheque firms. FILE PHOTO: A panel displays a list of top active securities outside the Hong Kong Exchanges in Hong Kong, China February 28, 2018. REUTERS/Bobby Yip The trend to list through Special Purpose Acquisitio...

By Reuters Staff 2 Min Read STOCKHOLM (Reuters) - E-sports and gaming group MTG has agreed to buy mobile games developer Ninja Kiwi for around 1.6 billion crowns ($186 million) to broaden its gaming portfolio, it said on Wednesday. MTG said the up-front payment would be around 1.2 billion crowns with earn-out payments of up to 406 million crowns, including cash and share components. The Swedish firm said in a separate statement that it was raising 1.1 billion crowns from a share issue which wil...

Ghana's finance ministry said on Tuesday it had successfully raised $3 billion on the international debt market using a 4-year zero-coupon bond tranche.

By Reuters Staff 2 Min Read (Reuters) - Shares of SoftBank Group Corp-backed Compass Inc jumped 18% in their stock market debut on Thursday, giving the real estate brokerage firm a market value of $8.22 billion, after being priced at the lower end of the reduced initial public offering (IPO) price range. Stock opened at $21.25, above the IPO price of $18 per share. The company, which downsized its IPO and reduced its price target range, sold 25 million shares on Wednesday, raising about $450 mi...

By Reuters Staff 1 Min Read (Reuters) - Shares of Frontier Group Holdings Inc opened 2% below their offer price on Thursday, after the low-cost carrier priced its initial public offering at the bottom end of the range. The stock opened at $18.61, compared with the offer price of $19. Reporting by Niket Nishant in Bengaluru; Editing by Aditya Soni

Credit Suisse plans to return more cash this month and recover more assets for investors in supply chain finance funds linked to insolvent finance firm Greensill, the Swiss bank said, aiming to limit damage from risk-management failures.

Shares of online learning platform Coursera Inc surged on Wednesday on their first day of trading on the New York Stock Exchange, with investors eager to get into the red-hot sector pushing them 36% above the initial public offering price.

2 Min Read LONDON (Reuters) - British banking fintech Wise -- formerly Transferwise -- is on course to launch an initial public offering in May this year in a deal that could value the company at $6 billion-$7 billion, two sources familiar with the situation said. The company, best known for facilitating cross-border transactions, has appointed Goldman Sachs and Morgan Stanley to manage the deal and is strongly considering London for the venue, the sources said. A spokeswoman for the company de...

3 Min Read HONG KONG, April 1 (Reuters) - Energy Monster, backed by Alibaba Group Holdings, has priced its American Depository Shares (ADS) below the flagged range, a term sheet seen by Reuters shows, meaning China’s largest mobile charging device owner will raise less than expected in its U.S. initial public offering. The company, which filed its prospectus under the listing vehicle’s name of Smart Share Global, sold 17.65 million shares at $8.50 each to raise about $150 million. Energy Mo...