Bain Capital sold a chunky ¥324bn (US$2.07bn) of shares in chipmaker Kioxia Holdings on Tuesday, in Japan's largest block trade this year.

Amid the raft of measures announced in the UK's Autumn Budget was a stamp duty holiday for trading shares in companies for three years after an IPO in the UK, in another attempt by the chancellor of the exchequer to boost the appeal of London as a listing venue.

Investors were given a chance to buy into one of Saudi Arabia’s best performing IPOs of the year on Tuesday courtesy of a SR950.4m (US$253.4m) share sale in Umm Al Qura for Development and Construction by the Public Investment Fund.

Consummate dealmaker and ECM pro Bill Ackman has revived hopes of floating a closed-end fund, reportedly to be sold with an incentive to participate in the IPO of his core hedge fund Pershing Square Asset Management.