Page 6 - Aidan Gregory News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Aidan Gregory 10 May 2021 Aquila Capital, the German investment company focused on sustainable investments, is launching a new London-listed fund focused on energy efficiency assets in Europe. In an intention to float document on Monday, Aquila Energy Efficiency Trust, as the new fund will be known, said it would raise £150m via an IPO on the London Stock Exchange. There is an option to increase the size of the deal to £200m if there is ... Already a subscriber? Login

By Aidan Gregory 10 May 2021 The IPO of hGears, the German maker of high-precision gears for e-mobility, was covered on Monday, less than a day into book building, according to a source close to the deal. hGears set the price range for the IPO on the Frankfurt Stock Exchange at €23-€31 a share, implying an initial market capitalisation of €240m-€322m, and an earnings multiple of around nine to 12 times expected 2021 Ebitda. The IPO was covered at its full size within a ... Already a subscriber? Login

By Aidan Gregory 10.45 AM Alphawave, the Canadian company that develops technology for the semiconductor industry, is targeting a valuation of up to £3.2bn, according to the terms of its IPO on the London Stock Exchange. In a regulatory filing, Alphawave said the offer price range for its stockmarket listing had been fixed at £3.75 to £4.30 a share, implying an initial market capitalisation of £2.9bn to £3.2bn upon admission. The books are open, and are due to close on Thursday, May 13. Alphawave ... Already a subscriber? Login

By Aidan Gregory 05 May 2021 Bombardier has exited Alstom, the French maker of rolling stock, having sold the last of its shares through a €506m accelerated bookbuild on Tuesday night. Launched after the market close in Paris, the sale consisted of 11.5m shares, a 3.1% stake in Alstom. The €44 offer price gave investors a 4% discount to the closing price of Alstom on the day."We were multiple times covered from the wallcrossing, and the book continued to grow ... Already a subscriber? Login

By Aidan Gregory 05 May 2021 Pepco, the retail holding company that owns Poundland, has fixed the price range for its IPO on the Warsaw Stock Exchange, valuing the company at Z21.85bn-Z26.45bn (€4.8bn-€5.8bn). The range has been fixed at Z38-Z46 a share. That implies a deal size of Z5.6bn-Z6.8bn. There is a retail offer in Poland alongside the institutional offer. That valuation is below the original valuation ambitions of €7bn-€10bn outlined by sources close to the IPO.Steinhoff International, the ... Already a subscriber? Login