Alibaba IPO: Jack Ma disappoints investors by missing London roadshow September 17, 2014 Jack Ma left capital-based investors disappointed by failing to turn up for the London leg of Alibaba’s international roadshow this afternoon. Alibaba was in town this afternoon ahead of its much-anticipated IPO, widely expected to be the biggest in history, but company founder and chairman Jack Ma was not present. In an attempt [...]
Enecsys looking to raise $20m in solar tech IPO September 16, 2014 The former Intel boss hoping to brighten up London with solar tech. After more than 20 years promoting and designing microprocessors at Intel, Mike Fister, who grew Intel’s enterprise group from nothing to over $3.5bn (£2.15bn) in annual revenues, is looking for a new challenge. Enecsys is that challenge, he says, and by [...]
Alibaba raises share price in advance of IPO September 16, 2014 In advance of its New York IPO on Friday, Alibaba has raised its share price from $60-$66 to $66-$68 per American depositary share. The move is in response to a higher than expected demand for the Chinese e-commerce group's stock market. It pushes up the company's potential value to as high as $21.8bn. According [...]
Alibaba IPO: Share price range increase as e-commerce firm nears listing September 15, 2014 Alibaba has raised the indicated price range for its shares which will sell on the New York Stock Exchange later this week. The Chinese e-commerce giant had expected to sell around 320.1m shares at a price between $60 and $66 each, yet in a filing with the Securities and Exchange Commission, the company announced [...]
IPO plans on ice amid Scottish independence Yes vote fears September 14, 2014 A number of firms are putting stock market flotation plans on hold ahead of the Scottish referendum, fearing market turmoil could throw the initial public offerings (IPOs) off track. Reports of deals being delayed comes as a group of polls showed the No campaign edging ahead and Prime Minister David Cameron headed to Aberdeen today [...]
Dubai Mall owner aiming for £1bn IPO in UAE’s biggest flotation since financial crisis September 14, 2014 The biggest flotation in the United Arab Emirates (UAE) since the global financial crisis seven years ago is underway as Dubai’s Emir Malls Group (EMG) is hoping to raise nearly $1.6bn (£983m) from the sales of shares. EMG is offering 2bn shares, worth around 15.4 per cent of equity, with the price range set [...]
Strong year for City flotations September 14, 2014 LONDON’S listings market is bouncing back to pre-recession highs, as an increasing number of companies make their debut on the London Stock Exchange. Research by Capita Asset Services forecasts main market initial public offerings (IPOs) are likely to be worth £11.7bn this year, smashing the £8.7bn figure in 2011 that was largely raised by the [...]
Dealmakers thrive in City’s flotation frenzy September 14, 2014 DEALMAKER of the year Although there has been a dearth of mergers and acquisitions so far this year, there has been a rash of initial public offerings (IPOs) for our dealmakers to get their teeth into. There has been some exciting deals for bankers to get a buzz from. Verizon Wireless’ $130bn deal to take [...]
Virgin Money edges closer to IPO after 356pc increase in underlying profit September 12, 2014 Virgin Money has reported a 356 per cent increase in underlying profit before tax to £59.7m in a half-year trading update released this morning. The company also confirmed that Glen Moreno would take over as chairman of the company from mid-2015. IPO talk Profit before tax was down by 97 per cent, [...]
Alibaba IPO: Ecommerce firm may have already covered record-breaking listing September 10, 2014 Alibaba has already covered its record-breaking $21bn initial public offering, according to reports. The IPO launched on Monday and its investor roadshow has already hit New York and Boston, with founder Jack Ma explaining the company's business model and assuaging concerns over its corporate governance. And it appears the 49-year-old has been successful, [...]