Why Biffa’s chief executive refused to scrap IPO plans despite “fairly tortuous process” November 30, 2016 The chief executive of Biffa has described taking the waste management company public this year as a “fairly tortuous process”. Biffa pushed ahead with its initial public offering (IPO) in October, but was forced to reduce its share price offer from 220p to 180p, meaning a total raise of £210m, down from £270m. Other companies, [...]
Appalachian-focused Diversified Gas & Oil targets $60m Aim listing in December November 8, 2016 Appalachian-focused US firm Diversified Gas & Oil (DGO) has announced its intention to float on the London Stock Exchange's junior market in December. DGO is seeking to raise around $60m (£48m) with its Aim placing, which it says offers investors exposure to "a sound, profitable dividend-paying play on the US energy market". Around half of [...]
GoCompare float is go after shareholders approve Esure demerger November 1, 2016 GoCompare.com shares are set to list on the London Stock Exchange this week after Esure shareholders voted in favour of a demerger this week. The price comparison website is expected to float on the main market at 8am on Thursday. Read more: Meet the companies preparing to brave London's stormy IPO market this week The [...]
Social housing investment trust plots £250m-plus IPO this month November 1, 2016 A new investment trust with a focus on social housing will this morning announce its intention to float on the London Stock Exchange’s main market. Civitas Social Housing is aiming to raise in excess of £250m through the initial public offering (IPO) on 18 November. The amount raised will also match the value of the [...]
It ain’t IPO-ver till the fat man sings: Companies prepare to brave London’s stormy flotation market October 30, 2016 A medical equipment maker, price comparison website and a kitchen products business are preparing to brave London’s flotation market this week amid stormy conditions. Despite numerous initial public offering (IPO) plans being pulled this month, Convatec is due to list on the London Stock Exchange (LSE) at 8am on Monday. It will mark the UK’s biggest float [...]
Fears for London IPO market as Misys and O2 pull 2016 float plans October 27, 2016 London’s stuttering initial public offering (IPO) market suffered more blows today as Misys pulled plans for a float and Telefonica said late on Wednesday it would not be listing O2 this year. City sources fear that, with investors spooked by Brexit uncertainty, it appears likely that other large deals will be abandoned or pushed back. Tech [...]
Bellevue Asset Management plans £200m investment trust IPO on London Stock Exchange October 27, 2016 Bellevue Asset Management has announced plans to launch a new investment trust through an initial public offering (IPO) aiming to raise £200m. The BB Healthcare Trust will be managed by Bellevue, which has around $4bn (£3.3bn) under management in the healthcare industry across numerous areas. The company is aiming to float the trust in early [...]
IPOh dear: Another blow for London’s flotation market as Misys pulls listing plans October 27, 2016 Misys has become the latest company to abandon plans for an initial public offering (IPO), in another blow for London’s flotation market. The tech giant, which was expected to launch one of the biggest floats of the year in the coming weeks, said in a statement that it had received “encouraging institutional support”, but “decided [...]
Convaterrifying: £4.4bn-valued medical products firm expected to float on Halloween October 26, 2016 Medical products firm Convatec has today priced its initial public offering (IPO) at 225p per share and expects to float on Halloween. The deal, which will see 33.8 per cent of the company’s shares list on the London Stock Exchange, raising £1.5bn, values the company at £4.4bn. Conditional dealings in the shares commenced today at [...]
UK flotation market sinks to four-year low amid Brexit uncertainty October 25, 2016 Activity on the UK’s flotation market has sunk to a four-year low amid Brexit uncertainty. However, while the main market has struggled, London’s junior market, the Alternative Investment Market (Aim), has thrived this year. Overall, there were 41 initial public offerings (IPOs) in the first nine months of the year, the lowest number since 2012. [...]