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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)
NIGERIA · MARKETS Key Facts —What happened Dangote Petroleum Refinery signed the offer documents for its initial public offering, or IPO — the first sale of its shares to the public — at a ceremony in Lagos on Monday. —The offer 4.1 billion shares at N525 each (about US$0.40), aiming to raise N2.15 trillion (about […] The post Dangote Refinery Signs IPO Papers, Unveils US$14.3 Billion Plan to Double Capacity appeared first on The Rio Times.
Chinese frontier artificial intelligence lab DeepSeek has hired underwriters including Citic Securities in preparation for a domestic initial public offering (IPO), according to two people familiar with the matter. Citic Securities was one of the four underwriters tapped by the Hangzhou-based firm, which aims to begin the IPO process this year to list on the Shanghai Stock Exchange’s Nasdaq-like Star market, the people said, asking not to be identified as the information was private. DeepSeek...
Orion180 Insurance Group Inc., a specialty homeowners and flood insurer, is seeking to raise as much as $340 million in an initial public offering.
Investors who piled into National Stock Exchange of India Ltd.’s shares ahead of its initial public offering face potential losses, with the bourse expected to price the deal at a discount to levels its stock traded in the private market.
Indra Sistemas SA Chairman Ángel Escribano looked at the top of his game in early 2025: He had ambitious plans to turn the Spanish defense company into a European champion and was feted by politicians on all sides.
Six companies launch share sales Wednesday, the most on a single day in at least three decades.
Six months’ salary in a single day. That’s the kind of payoff China’s boom in initial public offerings is handing to a lucky few.
A handful of home-grown Chinese companies involved in brain computer interfaces (BCIs) are moving towards initial public offerings (IPOs) on onshore markets, taking advantage of the sector’s status as a new darling of private capital. The trend fits into a broad pattern of hi-tech firms flocking to list on the Shanghai Stock Exchange’s Nasdaq-style Star Market. Among the BCI hopefuls, Shanghai-based Arfysica Innovation is the latest to register for IPO coaching for a Star Market listing,...