Britain would float its majority share in Royal Mail through an initial public offering this financial year.

Ally Financial, preparing for its IPO, has dropped JPMorgan from its list of underwriters. The removal of JPMorgan Chase & Co. , from the list of underwriters for its planned initial public offering of Ally Financial Inc.

A biotech company wants to raise US$125 million through its IPO. Intrexon Corp, a Florida-based biotechnology company, has filed with U. S. Securities and Exchange Commission an initial public offering of common stock.

Nuclearelectrica IPO delayed until late July, at the least. Nuclearelectrica has announced that its initial public offering would be postponed until late July, at the very least.

Tokyo Stock Exchange Inc. President Akira Kiyota wanted to revive the Japanese markets by targeting more initial public offerings.

UMW Oil & Gas Bhd IPO at MYR3 per share. UMW Oil & Gas Bhd, a unit of the Malaysian conglomerate UMW Holdings Bhd, was reported to set its minimum indicative price for IPO at MYR3 per share.

On Wednesday, Alibaba was reported to use the net proceeds of its IPO to fund more acquisitions as it wanted to broaden its mobile services.

Diamond Resorts expected to raise up to US$279 million from IPO. Diamond Resorts International Inc. said that it expected to raise up to US$279 million from its initial public offering.

Rexford estimated IPO terms revealed. Rexford Industrial Realty Inc. 's revealed the estimated terms of its planned initial public offering. The initial public offering aimed to raise funds for mortgage debt repayment and other purposes.

Deutsche Annington revived its initial public offering from Eur1.2 billion to just Eur575 million to Eur592 million.