Page 49 - New Issues News Today

Non-Standard Finance said on Tuesday it needs to raise new capital to stave off future covenant breaches and to address material uncertainties about its going concern status, as extended COVID-19 lockdowns pressure lending volumes.

Swedish payments firm Klarna may list on the stock market without raising money by selling new shares, its CEO told Reuters, as banking sources said the company was close to securing more private funding.

2 Min Read FRANKFURT (Reuters) - Swedish pest control group Anticimex is finalising preparations for an initial public offering in Stockholm that could value the company at around 63 billion Swedish crowns ($7.60 billion), people close to the matter said. Anticimex’s owners, including private equity firm EQT, hope to lock in high stock market valuations, the people said. The final timing of the IPO has not yet been decided, but it could launch either early next month or in late April, they sa...

By Reuters Staff 2 Min Read (Reuters) - Ardagh Group SA said on Tuesday it will spin off its metal packaging business through a merger with a listed blank-check firm backed by billionaire Alec Gores, in a deal that values the new company at $8.5 billion. The deal with Gores Holdings V will provide a total infusion of $3.4 billion to the spun-off company, financed by a combination of $2.3 billion of new debt, $600 million from new investors and the capital raised in Gores Holding V’s initial p...

3 Min Read HONG KONG (Reuters) - Chinese car maintenance service start-up Tuhu is considering a U.S. initial public offering this year, after raising up to $400 million from a funding round earlier this month, people with direct knowledge of the matter told Reuters. Investment banks have been pitching to the company in recent weeks for the potential IPO, said five people. The company will likely opt for a U.S. stock listing as there is more liquidity and more comparable companies trading on U.S...

By Reuters Staff 3 Min Read (Reuters) - Sweden-based Oatly, which counts Oprah Winfrey and rapper Jay-Z among its prominent backers, has submitted plans for an initial public offering to regulators, the maker of vegan food and drink products said on Tuesday. Slideshow ( 2 images ) The company, which sells its Oatly brand of products in more than 20 countries across Europe and Asia, could be valued at more than $5 billion, possibly up to $10 billion, people close to the matter told Reuters. Morg...

Bank of Queensland Ltd will buy ME Bank, a digital lender owned by 26 industry pension funds, for A$1.33 billion ($1.05 billion), the pair said on Monday, as the second-tier lender chips away at the lead of Australia's "Big Four" banks.

Billionaire William "Beau" Wrigley Jr is taking cannabis producer Parallel public, in a merger due to complete this summer with Canadian-listed Ceres Acquisition Corp that values the Atlanta, Georgia-based firm at $1.88 billion.

By Reuters Staff 2 Min Read (Reuters) - Apex Clearing Corp, a clearing firm and a custodian for digital assets, said on Monday it will go public through a merger with a blank-check firm backed by New York Islanders co-owner Jon Ledecky, in a deal that values the combined entity at $4.7 billion. The deal with Northern Star Investment Corp II is expected to fetch Apex $850 million in gross cash proceeds, including a private investment of $450 million anchored by Fidelity Management & Research Com...

4 Min Read (Reuters) - Investors fueling an initial public offering bonanza are snubbing many U.S. mortgage providers’ stock market debuts over concerns that the sector might have reached its peak. FILE PHOTO: A banner celebrating Rocket Companies Inc., the parent company of U.S. mortgage lender Quicken Loans, IPO is seen on the front facade of the New York Stock Exchange (NYSE) in New York City, U.S., August 6, 2020. REUTERS/Brendan McDermid/File Photo Five mortgage vendors have scaled back ...