VENTURE CAPITAL POST

The British government said on Friday that the initial public offering of the nation's Royal Mail postal service would value the company at GBP3.3 billion or USD5.3 billion.

Ares Capital Corporation announced plan to conduct a public offering of 11 million shares of its common stock.

According to a Bloomberg report, major shareholders like Twitter co-founder Evan Williams would stand to see a rise in the valuation of their shares in the microblogging service after Twitter's IPO.

Lone Star Funds' Southeastern Grocers filed for a USD 500 million IPO.

Oaktree Capital Management's Stock Spirits Group announced plans of a share sale to raise GBP 52 million.

Alibaba, the largest e-commerce company in Chins, is set to register at the New York Stock Exchange.

The proceeds for the 3.3 million shares in Chatham Lodging Trust sale would be used for debt payment and general corporate purposes.

The New York Post reported that Twitter had been talking to major banks to help set up a credit facility line in the range of USD500 million to USD1 billion prior to its initial public offering that may happen before Thanksgiving.

PKP Cargo SA said in a statement today that its major investor, Polish State Railway, would be divesting its stake in the former's freight transportation unit that would reportedly fetch around PLN1.65 billion or USD526 million.

A Reuters report cited two company sources who said Alibaba Group Holding Ltd would be going for a New York listing as plans for a Hong Kong initial public offering failed.

Subject to board approval, all preparations are being done for the IPO of the Moroccan unit of the Abu Dhabi Energy Corp.

After making its IPO intentions public, the choice of the bourse to register takes centerstage for microblogging service Twitter.

Novamax had share prices advance 66% of pre-IPO prices after close of trading.

British specialist financial services group Close Brothers Group Plc experienced a 5% increase in its adjusted operating profit to GBP25.7 or USD41.2 million this year ended July 31.

Chinese conglomerate Cofco listed its 12 properties across China as part of its HKD14.2 billion or USD1.8 billion reverse takeover with subsidiary the Hong Kong Parkview Group.