Robert Venes is assistant editor of equities and structured equity at IFR. Robert joined IFR in late 2009 from sister title Acquisitions Monthly, where he focused on private equity transactions and fundraisings. He was previously associate editor at Private Equity International and, before that, editor of Venturedome.
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VW’s truck unit Traton will be one of a relatively small number of IPOs to be launched before the summer holidays, with even the most active banks expecting to float only a handful of companies at best before mid-July.
Saudi Arabian mall operator Arabian Centres successfully priced its IPO on the local Tadawul exchange last Wednesday, but this first international IPO for a Saudi listing left a number of questions regarding the best approach for those expected to follow.
UK potash fertiliser group Sirius Minerals kicked off the first tranche of a US$3.8bn financing to fund construction of a polyhalite mine in North Yorkshire on Tuesday, raising US$825m from a combination of new shares and a rare eight-year convertible bond.