The IPO market is growing again in North America and Europe. Globally, initial public offerings raised US$20 billion in the first quarter of 2013. The growth of this financial area was buoyed by rallies in different stock markets to sell businesses.
Industry
BlackRock Manager Provides Forecasts
Fund manager of BlackRock China forecasts futures for investors. According to a fund manager at BlackRock, China's industrial stocks provide good investment opportunities on select markets, such as steel mills to cement producers.
Japan Based Managers Increase Allocations
A poll of Japan based managers indicated that allocations have increased in both shares and bonds but decreased in cash.
Bond Safety Sought by Investors
At the height of the Cyprus bailout drama, investors sought safety in bonds for the meantime. According to monthly poll conducted by Reuters of asset managers, global investors grew ever more cautious this month.
Pegasus to Sell a Third of Shares in IPO
Turkish airline Pegasus Airlines will be launching an IPO of a third of its shares, with most of its stake to be allocated to foreign investors.
Latest News
Banker VTB has successfully acquired the Russian operations of Swedish telecoms operator Tele2 as it hopes for potential investors.
Transportation equipment firm Toyota Industries Corp. made completion of its tender offer for shares in Cascade Corp.
EADS plans to prevent the planned buyback that is hampering its future growth and capital spending. European aerospace group EADS has made a pledge that it will prevent a supposed share buyback hurting capital spending, dividends and future growth as its shareholders planned to make a vote on proposals to purchase again up to 15% of the company stock.
The China Banking Regulatory Commission issued guidelines on the proper handling of wealth management instruments.
Canadian Industry Minister calls out foreign capitalists to invest in the country's wireless industry.
Petrobras is now setting up its plan for the auction of its shares in Nigerian oil fields Brazilian oil firm Petrobras has auctioned its interest in the oil fields in Nigeria that would draw up to $5 billion as the company aims to get cash and embarks on a capital spending plan, sources familiar with the matter told Reuters.
SBM Offshore, along with its partners, has signed a $3.5 billion contract from Brazilian oil firm Petrobras to construct two oil platforms.
Armada Hoffler Properties Inc. is planning to raise $201.3 million from IPO as it hopes to become an REIT.
Shell says China approves a product-sharing contract for the share gas block in Sichuan. Royal Dutch Shell has received approval from China for a production-sharing contract for the Fushun shale gas block in the southwestern province of Sichuan as it steps up drilling activities in the Asian country.
