Page 5 - Aidan Gregory News Today : Breaking News, Live Updates & Top Stories | Vimarsana

14 May 2021 Pepco, the Polish discount retail group, has priced its IPO on the Warsaw Stock Exchange at Z40 a share, valuing the company at Z23.0bn (€5.1bn). The final offer price is in the bottom half of the initial Z38-Z46 a share range. Steinhoff International, the South African retail conglomerate, sold Z3.2bn (€800m) of shares in the institutional offer. There is also a retail offer in Poland. The final size of the IPO could grow ... Already a subscriber? Login

By Aidan Gregory 11.00 AM Shares in Canadian semiconductor company Alphawave plummeted more than 20% on Thursday morning after the stock began trading on the London Stock Exchange following Alphawave's £856m IPO. The stock was trading at £3.3055 as of 10:07am, down more than 19% from the IPO offer price. At one point on Thursday morning, Alphawave traded as low as £3.18, a 22.4% fall.Alphawave’s IPO process itself went smoothly. The IPO priced at the midpoint the initial range, ... Already a subscriber? Login

By Aidan Gregory 11.00 AM Shares in Canadian semiconductor company Alphawave plummeted more than 20% on Thursday morning as the stock began trading on the London Stock Exchange after its £856m IPO. By 10.07am it was trading at £3.3055, down more than 19% from the IPO price. At one point on Thursday morning, Alphawave traded as low as £3.18, a 22.4% fall, before closing at £3.70.The IPO process itself went smoothly. It was priced at midpoint the initial range, ... Already a subscriber? Login

By Aidan Gregory 11 May 2021 IAG, the parent of British Airways and Iberia, has become the latest airline company to tap the convertible bond market for financing during the pandemic, as it continues to burn vast amounts of cash amid a slow recovery in global travel. Many of IAG’s peers, such as Lufthansa, American Airlines, Cathay Pacific and Singapore Airlines, have issued convertible bonds since Covid-19 struck, as a way of raising cheap debt that they expect to turn into equity when their share prices recover.

By Aidan Gregory, Sam Kerr 11 May 2021 A fresh wave of primary equity capital raising is coursing through Europe, with several large issues priced already this week, including a $1.05bn sale by The Hut Group, the UK e-commerce company that went public last year. These deals follow big equity capital raisings in the last few weeks from Spanish telecoms firm Cellnex, Greek bank Piraeus, Norwegian silicon company Elkem. Stock exchange operator Euronext is also set to close a rights issue this week.The placing by The Hut Group is its first foray into ... Already a subscriber? ...