Finncap brushes off market negativity to launch surprise takeover of Cavendish October 24, 2018 City broker Finncap, chaired by veteran venture capitalist Jon Moulton, today confirmed it was taking over M&A sell-side advisory firm Cavendish. Finncap plans to raise £6m by floating the combined group on London's junior alternative investment market (Aim) in early December in a listing that will value it at £46m. Lord Leigh, former Conservative Party treasurer [...]
Litigation funder Vannin Capital pulls London float blaming market conditions October 10, 2018 Litigation funder Vannin Capital has cancelled its London initial public offering (IPO) blaming market volatility. Vannin, which finances litigation for businesses and law firms in exchange for a slice of any settlement, announced its intention to float last month. Market sources said the projected float could have valued the business at up to £1bn. Read [...]
Mark Mobius investment trust IPO falls £100m short of target September 27, 2018 Emerging markets veteran Mark Mobius' investment trust has raised £100M through an Initial Public Offering (IPO), which is half of the target amount. Mobius Capital Partners announced it would target £200m for the trust, which will invest in small to mid cap emerging and frontier markets, earlier this month. Read more: Mobius to raise £200m for emerging markets [...]
Volkswagen drives truck and bus division IPO plans forward September 17, 2018 Volkswagen is pushing ahead with proposals for a stock market listing of its truck and bus division with an aim to be market ready by the end of the year, the car manufacturer announced today. Traton Group, which owns brands such as Man and Scania, will bring a team of investment banks and legal advisors on board to prepare the potential [...]
GrandVision IPO: Global optician eyes €1.3bn for float January 26, 2015 HAL Trust, the owner of global optician GrandVision, is looking to raise as much as €1.3bn (£971m) through the company’s initial public offering on Euronext, it emerged yesterday. GrandVision is the world’s largest optical retailer and operates under a gamut of national brands, including Vision Express in the UK. It owns over 5,600 stores across [...]
Massar Solutions IPO: Book closes on first Abu Dhabi float since 2011 January 26, 2015 The book closed yesterday on the float of Massar Solutions, a United Arab Emirates vehicle rental and fleet management firm listing 40 per cent of its shares on Abu Dhabi’s bourse. The float, which is the first on the emirate’s stock market since Eshraq Properties listed in 2011, follows a strong year of Middle Eastern [...]
Investors positive about 2015 IPOs despite oil price and election uncertainties January 26, 2015 The oil price drop, the upcoming election and the woes of 2014 floats have not dampened institutional investors, with more than three quarters expecting stable or increased listings in 2015. A survey from accountancy firm BDO found institutional investors, investing in UK equities with a combined $10 trillion (£6.6 trillion) under management, found that 76 [...]
Jimmy Choo’s a shoe-in with post-IPO revenue rise January 23, 2015 Jimmy Choo net revenue rose 12 per cent to £299m in the year to December, marking a positive start to its London Stock Exchange listing. Foreign exchange fluctuations had some effect on the numbers however with revenue climbing 6.2 per cent on a constant currency basis. The firm said Asia and Japan continued to deliver [...]
TheTrainline.com’s new KKR deal postpones debut for IPOs – Inside Track January 22, 2015 KKR’s decision to buy up TheTrainline.com robs the financial markets in London of their first opportunity to test the new issues market in 2015. Last year was a mixed one for flotations, with London seeing more business than since the financial crash. But there were still doubts about the market’s robustness. Though new issues as [...]
HSS Hire IPO: Share price revealed January 22, 2015 Tool and equipment hire company HSS Hire will list on the London Stock Exchange said today shares will be priced in the 210p-262p range when it IPOs later this month. The company announced plans to list on the London Stock Exchange earlier this month, with analysts putting its value at £103m. The money generated [...]