Virgin Money re-launches IPO, Virgin America expects to raise $36m from its own offering November 3, 2014 Virgin Money’s stock market flotation is back on the table, as the UK challenger bank is understood to be re-launching its plans imminently. Meanwhile – across the Atlantic – low cost airline Virgin America could be valued at $1bn (£625m) if its initial public offering (IPO) goes to plan. Rocky market conditions last [...]
Fever-Tree share price rises after bigger than expected IPO November 3, 2014 Upmarket drinks firm Fever-Tree’s shares will price at 134p this morning, valuing the nine-year-old firm at £154m. Its biggest backer LDC is selling 80 per cent of its stake, and will be left holding 10 per cent of the firm’s shares. Management will sell 40 per cent of their holding and be left with 24 [...]
Virgin America’s IPO could value it at $1bn November 3, 2014 Here's a welcome bit of good publicity for one of Richard Branson's businesses. Virgin America, the seven-year-old airline which specialises in internal flights between cities in the US (and some Latin American countries), could be valued at $1bn (£625m) if its IPO goes to plan. New documents filed with the US Securities and Exchange Commission [...]
Fever-Tree IPO: Float priced tonight November 3, 2014 Bankers to the drinks mixers group Fever-Tree expect to price its stock market flotation tonight, confounding a poor market for new issues. Floating on London’s Aim, the listing will see 50 per cent of the drinks group bought by outside investors. The company is looking to raise just £4m of new money from the [...]
Picklive IPO: Fantasy football firm plans £10m Aim float November 3, 2014 Fantasy sports operator Picklive will announce plans this morning to raise £5m through a listing on London’s Alternative Investment Market (Aim) that will value the firm at £10m. Picklive’s fantasy games cover football, baseball and American football where players pick and bet on a team based on real-life players, get points based on player’s performance [...]
Spanish government puts off Aena IPO until at least next year October 31, 2014 The heavily-trailed flotation of the world's largest airport operator has been postponed until at least the early part of next year, a source close to the deal has confirmed. Spanish government-owned Aena, which owns 46 airports including Luton, Madrid Cuartro-Vientos and Barcelona-El Prat, had been due to list 49 per cent of its shares on November [...]
Fiat Chrysler share price soars as Ferrari IPO spin-off plans revealed October 30, 2014 Fancy owning a chunk of one of the best known luxury sports car brands out there? Ferrari is being spun off by its parent company Fiat Chrysler Automobiles (FCA) as it looks to ensure the group's “long-term success”, it was revealed today. The spin off will include an IPO, with around 10 per [...]
Ferrari revs up blockbuster stock market flotation in US next year October 29, 2014 FERRARI is set to float on the stock market next year after its owner Fiat-Chrysler unveiled plans to spinout the iconic car-maker as a publicly listed company. The Italian luxury marque, founded by Enzo Ferrari in 1947, will list 10 per cent of shares in the US as part of a fundraising exercise by Fiat-Chrysler. [...]
Riverstone Energy share price rises as firm reveals $13m profit in third quarter one year after IPO October 29, 2014 Shares in Riverstone Energy rose by 1.5 per cent yesterday after its third quarter results revealed a $13.4m (£8.3m) profit. Riverstone stated that it had assessed numerous potential exploration, production and midstream investments since last October, with nine made so far. Pierre Lapeyre, co-founder of Riverstone, commented: “While all nine investments are still in their [...]
How a single comment cost Royal Bank of Canada millions of dollars in fees from Alibaba’s IPO October 29, 2014 One banker will be keeping his or her mouth shut for a while to come after, let’s say a slight snafu, ended up costing their employer millions of dollars. The loose-lipped, unnamed banker at Royal Bank of Canada apparently let slip a comment about Alibaba during a webinar. No biggie, surely – unless the bank [...]