Page 4 - Aidan Gregory News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Aidan Gregory 11.00 AM French hotel landlord Convivio Hotels has launched a €250m rights issue ahead of the reopening of EU countries to foreign tourists this summer. The offer price has been fixed at €16 a share, a discount of 7.26% to the theoretical ex-rights price. As part of the two for 17 rights offer, Convivio Hotels will issue 15.6m new shares. At launch, the deal is already 100% covered by shareholder commitments. All of ... Already a subscriber? Login

By Aidan Gregory 19 May 2021 Shares in Coinbase plunged more than 10% at the open on Wednesday after the US cryptocurrency exchange operator sold $1.25bn of convertible bonds and suffered a serious outage of its platform that stopped many users from trading. JP Morgan and Goldman Sachs are global coordinators and priced the five year bonds at a 0.5% coupon and a 55% conversion premium.Coinbase went public in April through a direct listing on the Nasdaq stock exchange that valued the firm at $65.3bn. The stock has since fallen by ... Already a subscriber? Login

By Aidan Gregory 01.00 PM A group of Italian insurance executives have teamed up to launch a new special purpose acquisition company on the Alternative Investment Market of the Borsa Italiana. The €200m IPO is due to close later today. Revo, as the new Spac will be known, will target an acquisition of a company within the property and casualty insurance space. The M&A target will likely provide specialty products to small and medium enterprises in Italy, with the potential to expand into other European markets, Revo said ... Already a subscriber? ...

By Aidan Gregory 01.00 PM The IPO of Trifork, the Danish software company, on Nasdaq Copenhagen is oversubscribed on the full deal size, according to a source close to the deal. At the fixed offer price of Dkr150 a share, Trifork will be valued at Dkr2.96bn (€400m). The IPO consists of Dkr1.06bn (€143m) of new shares issued by Trifork and Dkr925m (€124m) of existing stock sold by the company’s owners Jørn Larsen, co-founder and CEO, co-founder and former CTO ... Already a subscriber? Login

By Aidan Gregory 01.00 PM Hedosophia European Growth, a new special purpose acquisition company sponsored by UK investor Ian Osborne, has listed on the Amsterdam Stock Exchange, raising €400m. The stock began trading on Friday and as of Monday morning, Hedosophia European Growth was trading flat to the €10 offer price in the IPO. Hedosophia European Growth used a US style deal structure that has become popular in Europe recently.The IPO consisted of 400m units at ... Already a subscriber? Login