Latest news with #share sale
Bloomberg
3 days ago
- Business
- Bloomberg
Stada Resumes Investor Meetings for September IPO
By and Swetha Gopinath Save Stada Arzneimittel AG has resumed meeting investors for its initial public offering and could test a difficult first-time share sale market as soon as September, according to people familiar with the matter. The German drugmaker has started seeing prospective investors again this month as it's pressing ahead with the first-time share sale, the people said, asking not to be identified as the information is private. Stada's private equity firm owners Bain Capital and Cinven are seeking a valuation of about €10 billion ($11.7 billion) for the business in a listing, but that could change depending on investor feedback, the people said.
Bloomberg
5 days ago
- Business
- Bloomberg
SBI Said to Plan $2.9 Billion Share Sale as Early as Next Week
State Bank of India, the country's largest lender by assets, is preparing to sell as much as 250 billion rupees ($2.9 billion) of shares to institutional investors as soon as next week, according to people familiar with the matter, in what could be the nation's biggest deal of its kind. If the qualified institutional placement is fully subscribed, it would mark the biggest QIP ever in India, surpassing Coal India Ltd. 's 225.6 billion rupee sale in 2015, according to data compiled by Bloomberg. The bank's board approved the sale in May.
Bloomberg
6 days ago
- Business
- Bloomberg
Saudi Chemical Maker Sabic Evaluating IPO of Industrial Gas Unit
Saudi chemical maker Sabic is evaluating a share sale for its industrial gases unit as the company focuses on its core business and undergoes a restructuring. Saudi Basic Industries Corp., as the company is officially named, began a study to evaluate 'strategic options' concerning National Industrial Gases Co., according to a statement on Wednesday. The review will consider an initial public offering on Saudi Arabia's main market, Sabic said.
Bloomberg
03-07-2025
- Business
- Bloomberg
Nigeria's GTBank to Raise $100 Million Selling Shares in UK
Guaranty Trust Holding Co., the parent company of Nigeria's biggest lender by market value, will list in the UK after raising $100 million in a share sale, it said in a regulatory filing GTCO is selling shares to institutional and qualified investors as part of an ongoing effort to recapitalize its main subsidiary, Guaranty Trust Bank Plc. That's in line with a Central Bank of Nigeria requirement that all lenders with international banking licenses raise their equity capital to a minimum of 500 billion naira ($327 million) by March 2026.
Bloomberg
21-05-2025
- Business
- Bloomberg
CATL's Hong Kong Listing Proceeds Rise to $5.2 Billion After Greenshoe
Contemporary Amperex Technology Co. Ltd. has raised HK$41 billion ($5.2 billion) for its Hong Kong share sale after arrangers of the deal exercised the so-called greenshoe option to increase the offering, making the world's biggest listing this year even bigger. The Chinese electric-vehicle battery giant, commonly known as CATL, is issuing 20.3 million additional shares, representing about 15% of total shares issued for the listing after the upsize option, according to a filing it made to the Hong Kong exchange late Tuesday. That increases the deal size from HK$35.7 billion.
