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(Adds comment from Alphawave chairman, detail on recent IPOs) LONDON, May 13 (Reuters) - Canadian semiconductor technology company Alphawave’s shares plunged as much as 21% on their London market debut on Thursday, shrinking its value by more than 600 million pounds ($842 million) within hours. The slump comes amid a broader tech stock selloff and only weeks after food delivery firm Deliveroo fell as much as 30% on its debut, potentially hurting the London market’s ambitions to attract young fast-growing companies. Toronto-based Alphawave had already compromised on pricing its initial pub...

By Reuters Staff (Corrects typographical error in first paragraph) May 13 (Reuters) - Insurer Genworth Financial Inc said on Thursday it had deferred the initial public offering of its mortgage insurance unit, Enact Holdings, citing significant trading volatility in the sector. “Genworth’s Board of Directors determined that current market pricing for the planned offering does not accurately reflect Enact’s value,” Genworth Chief Executive Officer Tom McInerney, said. McInerney said Genworth will continue to evaluate its options as market conditions develop. The listing was proposed af...

By Reuters Staff (Corrects typographical error in first paragraph) (Reuters) -Insurer Genworth Financial Inc said on Thursday it had deferred the initial public offering of its mortgage insurance unit, Enact Holdings, citing significant trading volatility in the sector. “Genworth’s Board of Directors determined that current market pricing for the planned offering does not accurately reflect Enact’s value,” Genworth Chief Executive Officer Tom McInerney, said. McInerney said Genworth will continue to evaluate its options as market conditions develop. The listing was proposed after a $2...

* April M2 money supply +8.1% y/y, vs forecast of +9.3% * Outstanding TSF +11.7% Y/Y, vs 12.3% in March * TSF 1.85 trln yuan, vs forecast 2.25 trln yuan (Adds detail on slowest loan growth in nearly two decades) BEIJING, May 12 (Reuters) - China’s new bank loans fell more than expected in April while money supply growth slowed to a 21-month low, as the central bank gradually scales back pandemic-driven stimulus to reduce debt and financial risks in hot areas of the economy. The world’s second-largest economy grew by a record 18.3% in the first quarter, rebounding from last year’s corona...

By Reuters Staff 1 Min Read WARSAW (Reuters) - The market debut of discount retailer Pepco is likely to be priced at least at 40 zlotys ($10.68) per share, bookrunners said on Wednesday, meaning shareholders may sell stock worth around 3.7 billion zlotys in what may be Poland’s biggest IPO of 2021. While the expected pricing is towards the lower end of the 38 zloty to 46 zloty-per-share indicative price range, the fact that South African conglomerate Steinhoff chose Warsaw over London to list Pepco came as a boost to the Polish stock exchange. The Polish bourse was passed over by parcel del...