GDC Technology to issue an IPO worth US$100 million in the United States, the biggest for a Chinese firm in the past two years.
Exits
IHSI Now Traded on OTC Bulletin Board
IHSI shares are now publicly traded in OTC Bulletin Board. The board of Intelligent Highway Solutions Inc has announced that shares of stock under the ticker symbol IHSI has been traded publicly in the OTC Bulletin Board.
Ramky Enviro IPO Suspended Citing Tepid Market Conditions
In a surprising move, Ramky Enviro has suspended the scheduled IPO citing 'tepid market conditions.'
Royal KPN NV Is Offering discounted Shares for Capital Financing
Royal KPN is now selling shares at 62% value of closing price in the Dutch bourse last Thursday. Royal KPN NV is in the process of conducting a Eur3 billion or US$3.
Deutsche Bank and Mainfirst to Hold Private Placement Sale of Evonik Shares
Deutsche Bank and Mainfirst would conduct pre-IPO private placement sales of Evonik shares. Deutsche Bank and Mainfirst, two major investment banks are in the process of placing up to 2% of the shares in Evonik, the Germany based chemical company.
Latest News
VTB, Russia's second largest bank is undertaking an IPO worth nearly 100 billion roubles. Russia's second largest financial institution, VTB, is now undertaking plans to meet potential investors from all over the world in preparation for the issuance of new shares.
Clearwire shareholders to meet and approve Sprint Nextel offer of US$2.97 per share. Clearwire Corp is scheduling a shareholder meeting on May 21 to obtain a decision regarding the offer made by Sprint-Nextel for US$2.
For the second time in as many months, a major shareholder is selling off their stake in the buyout firm.
Piraeus obtains shareholder approval for share issues and convertible contingent bonds. The second largest banking institution in Greece, Piraeus Bank, obtained shareholder approval last Tuesday for a Eur7,33 billion or US$9.
Credits Suisse sells off its buy and sell private equity fund to Blackstone for an undisclosed amount.
Banca Carige, in a bid to meet its reorganization targets, is selling off two assets to its divestment plan.
Asia United Bank is planning to sell 88 million in primary common shares priced at Php 110 per share.
Alupar IPO in Sao Paulo raises nearly US$421 million. The Brazilian electricity transmission and generation company, Alupar Investimento SA had raised nearly US$421 million in the first initial public offering in South America, It is the first utility to do so since the Lehman Brothers bankruptcy in 2008.
Finnair, in a bid to raise cash, sells off Norwegian Air Shuttle shares. Finnair, the official air carrier of Finland, has sold off its 4. 7% shareholdings in Norwegian Air Shuttle in the amount of Eur53 million.
