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Wednesday, 12 December 2018

Robert Venes' s stories

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  • Kier Group underwriters are relaxed

    Equities | 07 December 2018

    Shares in UK construction and engineering business Kier Group were trading well below pricing for a £264m rights issue last week. The fundraising is to shore up the balance sheet and the company is assured of getting the funds, but if shares remain below the offer price then the underwriting banks may be the ones who have to pay up.

  • A worker operates a machinery to clean solar panels at a photovoltaic industrial park in Hami, Xinjiang Uighur Autonomous Region, China.

    Solarpack secures €266m valuation at IPO

    Ticker | 04 December 2018

    Spanish solar power station business Solarpack Corporacion Tecnologica priced on Tuesday morning at €8.30 for a fixed €100m primary proceeds Madrid flotation. Guidance had originally been set at €8.00-€10.30, before narrowing to €8.00-€8.30 on Monday.

  • Cosmo Pharmaceuticals raises €175m with convertible

    Structured Equity | 30 November 2018

    Cosmo Pharmaceuticals employed an unusual strategy on its issue of €175m five-year convertible bonds, which launched after the close on Wednesday. The bonds from the Netherlands-incorporated, Swiss-listed pharmaceuticals business with production facilities in Italy and its headquarters in Ireland had also been pre-sounded with investors since Monday afternoon.

  • Finnish flag

    OmaSp shareholders opt not to sell in IPO

    Ticker | 29 November 2018

    Pricing has been set at the bottom of the €7.00-€8.20 range for Oma Savings Bank’s Helsinki float. The final deal size is just €31.4m as existing shareholders opted not to sell outside of providing a 15% greenshoe.

  • Pharmaceuticals

    Cosmo Pharmaceuticals raises €175m with convertible

    Ticker | 29 November 2018

    Cosmo Pharmaceuticals employed an unusual strategy on its issue of €175m five-year convertible bonds that launched after the close on Wednesday. The bonds from the Netherlands-incorporated, Swiss-listed pharmaceuticals business with production facilities in Italy and its headquarters in Ireland had also been pre-sounded with investors since Monday afternoon.

  • Huatai to test London GDR links

    Huatai tests London GDR route

    Top News | 23 November 2018

    Huatai Securities launched pre-marketing last Thursday for a US$500m-plus London listing that promises to set the first pricing benchmark under the new Shanghai-London Stock Connect trading link.

  • The company logo of Huatai Securities is displayed at a news conference in Hong Kong, China.

    Huatai Securities launches first Shanghai-London GDR offering

    Ticker | 22 November 2018

    Huatai Securities will become the first Chinese company to test the Shanghai-London Stock Connect mechanism, launching pre-marketing today for a US$500m-plus London GDR listing for 10% of its existing share capital.

  • Slovenia sells 59% of NLB as orders come in late

    Equities | 09 November 2018

    With the government a forced seller and rival IPOs dropping like flies, pricing for the privatisation of Slovenia’s Nova Ljubljanska Banka was always going to come at the bottom of the €51.50-€66.00 per share/€10.30-€13.20 per GDR price range.

  • Slovenia plans to exit NLB through €898m IPO

    Equities | 02 November 2018

    Roadshows were in London last Monday for the €515m-€898m London GDR and Ljubljana Stock Exchange IPO of Nova Ljubljanska Banka as the Slovenian government seeks to meet its commitment to sell at least 50% plus one share of the bank before the end of the year.

  • Switzerland: Aryzta sets terms after narrow approval vote

    Equities | 02 November 2018

    Following a narrow vote by shareholders on Wednesday, bakery business Aryzta has set terms for a SFr900m (US$897m) rights issue.

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