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India’s largest conglomerate, Tata Group, is headed for an internal showdown as it wrestles with the question of who will lead its holding company Tata Sons Pvt., which is under regulatory pressure to go public.
Airtel Africa Plc is considering raising less money than previously sought in the initial public offering for Airtel Money, a listing process that could start as soon as next week, according to people familiar with the matter.
Nigerians have started scrambling to buy a stake in Aliko Dangote's giant oil refinery, with some seeing the country's biggest-ever public share offering as a rare chance to participate in one of Africa's most ambitious industrial projects.
Hong Kong aims to adjust listing rules to grab a share of initial public offerings (IPOs) by mainland China’s space companies as activity in the sector increases in line with Beijing’s priorities and heightened activity in the sector following the blockbuster June listing by Elon Musk’s SpaceX. That could lead to more head-to-head competition between the Hong Kong stock exchange and the Shanghai Stock Exchange, which is now drawing a majority of such listing applications, including commercial...
Board to discuss if outgoing Chairman Natarajan Chandrasekaran should be asked to stay on.
National Stock Exchange of India Ltd.’s long-awaited initial public offering starts taking orders Thursday, testing investor appetite for a valuation that remains rich compared with some of the world’s biggest listed exchanges.
The Indian central bank’s refusal to relax listing rules for Tata Group’s holding company delivered an outcome long sought by the conglomerate’s biggest minority shareholder, though the road to going public is far from smooth.
Hetal Dalal, COO and President of IiAS, a corporate governance and proxy advisory firm, says Tata Sons is expected to "put up a fight" against the RBI's efforts to require a listing. She argues that an IPO could constrain the group's operating flexibility. (Source: Bloomberg)
Goldman Sachs Asset Management, Franklin Templeton, and Fidelity International Ltd. are among the global first set to participate as anchor investors in National Stock Exchange of India Ltd.’s initial public offering, according to people familiar with the matter, as the bourse prepares to raise as much as 226 billion rupees ($2.4 billion).
Tata Group stocks gained following Indian banking regulator’s refusal to exempt the conglomerate’s holding company Tata Sons Pvt. from a rule that requires it go for a public listing.
SB Energy Inc., a data center firm backed by SoftBank Group Corp., is aiming to raise as much as $500 million in the Japanese portion of its planned initial public offering in the US, following other major deals in tapping the country’s deep pools of capital.
The landmark listing of National Stock Exchange of India Ltd. is set to deliver a major boost to the country’s primary market, but it will be a significant blow to the booming trade in unlisted shares.
US President Donald Trump on Monday rejected warnings about the risks of artificial intelligence, calling concerns over rogue AI part of a “sick conspiracy” as tech leaders urge greater safeguards. The clash comes as the rapidly advancing technology faces scrutiny over cybersecurity, jobs, data centres and its potential impact on national security.
Africa’s richest man Aliko Dangote on Monday launched an IPO for his $19 billion Nigerian oil refinery, seeking $1.6 billion from retail investors across the continent. The offering values Africa’s largest refinery at about $49 billion and has drawn both strong investor interest and concerns over its high valuation.
Africa’s richest man Aliko Dangote on Monday launched an IPO for his $19 billion Nigerian oil refinery, seeking $1.6 billion from retail investors across the continent. The offering values Africa’s largest refinery at about $49 billion and has drawn both strong investor interest and concerns over its high valuation.
Nigerian billionaire Aliko Dangote launched the biggest-ever share sale on the African continent, listing 4.1 billion shares in his Lagos refinery on the stock exchange. He framed it as a "people's IPO" to give all Nigerians a chance to share the plant's wealth potentials. Trading is expected to start in November. Meanwhile, global oil prices continued to advance as attacks by Yemen's Houthi rebels forced Saudi Arabia to shut down its East-West oil pipeline.
Bamboo Insurance Services Inc., a home insurance company controlled by private equity firm CVC Capital Partners, is seeking to raise as much as $700 million in an initial public offering that will enable its backers to cut their stakes.
Etihad Airways Chief Executive Officer Antonoaldo Neves discusses fuel price hedging and the risks around the conflict in the Middle East. He also talks about a possible future IPO, saying the airline doesn't have any plans for that. "We can finance our expansion with our own cash flow generation," Neves says. He speaks with Bloomberg's Abeer Abu Omar. (Source: Bloomberg)
Africa's richest man, Aliko Dangote, is set for a $23 billion leap in his net worth with the IPO of his refinery business. Jennifer Zabasajja explains why the continent's biggest listing promises to supercharge the Nigerian's wealth. (Source: Bloomberg)
Yuen Kee Food Group, the owner of well-known restaurant brand Yuen Kee Dumpling, has cleared its listing hearing with the Hong Kong Exchanges and Clearing (HKEX), aiming to raise between HK$300 million (US$38.3 million) and HK$400 million, according to people familiar with the matter. The conclusion of the hearing marked its initial public offering (IPO) plan entering its final stage, and the company planned to kick off the offering in October, the sources said, who asked not to be named because...
Belron Group SCA is reaching out to investment banks to pitch for roles on a potential initial public offering that could be one of the largest Europe has seen in recent years, according to people familiar with the matter.
Hong Kong’s Securities and Futures Commission (SFC) has directed the stock exchange to suspend trading of US-based biotech firm Cloudbreak Pharma pending an investigation into its US$78 million initial public offering (IPO) last year. “The SFC has serious concerns that Cloudbreak’s initial public offering may have been rigged to create an artificial impression of demand for Cloudbreak’s shares,” the SFC said in a statement on Thursday. The regulator considered the suspension “necessary or...
A 177% debut surge on Wednesday by Excelland Robotics Wuxi Co. is putting a spotlight on Hong Kong’s rules for allocating shares in initial public offerings after the listing left almost 94% of the shares in institutional hands despite strong demand from retail investors.
Chinese artificial intelligence start-up Moonshot AI, developer of the popular Kimi K3 model, may explore options for dual listings in Hong Kong and Shanghai in pursuit of greater capital and exposure, according to two people familiar with the matter. Since a meeting with its financial backers in July, when the Beijing-based company negotiated detailed arrangements for an initial public offering in Hong Kong, it has hinted at options to also list on a mainland bourse afterwards, one source...
Lise Buyer, partner and founder at Class V Group, Ajay Shah, chairman of global technology investment banking at Deutsche Bank Securities, and Matt Kennedy, senior strategist at Renaissance Capital, joins Scarlet Fu on "Bloomberg Deals." Anthropic is set to finalize an expansion of its revolving credit facility to $15 billion, according to people familiar with the matter, clearing a hurdle before the AI firm’s public filing for its highly anticipated IPO. (Source: Bloomberg)