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GC Asia
Emerging Markets
‘Russia’s Rubicon crossed’ after Biden sanctions
Equity and debt markets were fretting on Thursday over the implications of new US sanctions against Russia.
15 Apr 2021
Equity
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IPOs
Concerns grow over Spac deluge
The relentless flow of special purpose acquisition companies coming to the market is causing unease among investors about market saturation, with $140bn raised so far this year.
15 Apr 2021 -
IPOs
Allfunds opens books but cracks showing in Europe’s IPO market
Allfunds, the B2B fund distribution platform, has opened the book on its Amsterdam IPO and named several high quality cornerstone investors which are backing the deal.
16 Apr 2021 -
ABBs/Block Trades
Bain Capital cuts TI Fluid Systems holding
Bain Capital has trimmed its stake in TI Fluid Systems, the UK maker of automobile fluid delivery systems that floated on the London Stock Exchange in 2017.
16 Apr 2021 -
Bank Results
Spac boom drives US banks to Q1 record
US investment banks have set a high bar for their European rivals by posting record revenues powered by a boom in capital markets underwriting.
15 Apr 2021 -
Equity
Equity raises to return after ‘remarkable’ Cellnex deal
Equity capital markets participants seem focussed on the IPO market after Easter, but bankers are looking to do more primary equity raises for their clients in order to fund corporate growth and acquisitions.
15 Apr 2021 -
IPOs
Canal+ Polska resurrects IPO plans
Canal+ Polska, the Polish satellite TV network, has rebooted its IPO on the Warsaw Stock Exchange, after the deal was pulled in November last year due to a lack of demand.
15 Apr 2021 -
The View
Don’t seek logic in stock price moves
Imagine trying to explain stock markets to an alien or an intelligent caveman, someone who has grown up in a world without the flicker of red and green numbers, the theatre of shareholder meetings, the strange spectacle of Jim Cramer’s pre-scheduled rage.
15 Apr 2021 -
IPOs
468 Capital prepares to launch technology Spac
German venture capital company 468 Capital has launched an IPO of a new special purpose acquisition company on the Frankfurt Stock Exchange.
14 Apr 2021 -
People & Markets
Former Moex MD joins EM as new CEO
Anna Vasilenko, a former managing director at the Moscow Exchange, has joined EM, the strategic advisory and communications firm for clients in Russia, China and other emerging markets, as its CEO.
14 Apr 2021 -
IPOs
Grab heads to Nasdaq with $40bn Spac M&A
Southeast Asian tech company Grab, which offers everything from ride hailing and food delivery services to digital wallet payments, is planning to go public on the Nasdaq by merging with Altimeter Group Corp, a special purpose acquisition company (Spac).
14 Apr 2021 -
ABBs/Block Trades
Air France-KLM completes first leg of €1bn recap
Air France-KLM has set the offer price for its €1bn capital increase following an accelerated bookbuild on Monday night.
13 Apr 2021 -
IPOs
Being green no longer enough in battle to attract equity capital
Renewable energy has been one of the hottest sectors in Europe’s equity capital markets in recent times but investors are no longer just buying companies for their verdant hue.
13 Apr 2021 -
IPOs
Allfunds sets itself apart in early IPO meetings
Allfunds, the UK-based business-to-business funds platform that is listing in Amsterdam, is making a strong impression among investors that are leading the talks on valuation, according to a number of sources.
13 Apr 2021
IPOs
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Allfunds opens books but cracks showing in Europe’s IPO market
Allfunds, the B2B fund distribution platform, has opened the book on its Amsterdam IPO and named several high quality cornerstone investors which are backing the deal. However, not all deals are proving to be as popular as this one and bankers say the IPO market is splitting into those firms which can and those which cannot.
16 Apr 2021 -
India seeks banks for fertiliser divestments
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Birla Sun Life AMC readies IPO
ABBs/block trades
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Bain Capital cuts TI Fluid Systems holding
Bain Capital has trimmed its stake in TI Fluid Systems, the UK maker of automobile fluid delivery systems that floated on the London Stock Exchange in 2017.
16 Apr 2021 -
Kakao chairman trims stake after charity pledge
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India seeks banks for fertiliser divestments
Equity-linked
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Vingroup scores with novel exchangeable
Vingroup Joint Stock Company raised $500m from an exchangeable bond this week, selling the largest equity-linked transaction from Vietnam — and developing the market by using novel structural features never seen before in the country. Rashmi Kumar reports.
14 Apr 2021 -
Nexity continues new wave of European convertible issuance
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Pandemic winners and losers raid Europe’s convertible bond market
Follow-ons/rights issues
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Equity raises to return after ‘remarkable’ Cellnex deal
Equity capital markets participants seem focussed on the IPO market after Easter, but bankers are looking to do more primary equity raises for their clients in order to fund corporate growth and acquisitions. Bankers are hoping that they will soon be able to build on the momentum of what will likely be the largest European ECM transaction of 2021.
15 Apr 2021 -
BIMB wraps up placement on strong investor support
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Being green no longer enough in battle to attract equity capital
Asia
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Kakao chairman trims stake after charity pledge
The chairman of South Korea’s Kakao Corp has kicked off his official pledge to donate more than half of his wealth to society by raising about W500bn ($448m) from a stake sale in the messaging app on Thursday.
16 Apr 2021 -
India seeks banks for fertiliser divestments
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Birla Sun Life AMC readies IPO
