IPO

Macquarie, UBS raise $521.2 million in Cover-More IPO

Investment banks Macquarie Group and UBS AG managed to raise $521.2 million in Australian insurer Cover-More's listing. Shares offered are priced at $2 per share and will start trading before the year ends.

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Yahoo poised to incur gains with Alibaba IPO - report

Internet giant Yahoo Inc. could raise around $36 billion should it decide to divest its entire 24% stake in Chinese e-commerce company Alibaba. Yahoo will be forced to sell much of its stake if and when Alibaba sells its shares in an IPO.

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Cinda raises $2.4 billion in Hong Kong IPO, prepares to buy distressed debts

China Cinda Asset Management Co, one of the country's state-owned bad bet managers, has raised $2.4 billion in its Hong Kong listing. Proceeds from the deal will be used to enhance its distressed asset management business.

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Moncler to price IPO at €10.20 per share

Italian ski wear maker Moncler intends to price its initial public offering at €10.20 per share, the top of its earlier indicated range. The deal will reportedly raise €585 million to €681 million.

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Tomkins taps Goldman Sachs to advise on sale or IPO

Tomkins Ltd. has began the process for an exit deal that could bring in at least USD6 billion to the British manufacturer. It reportedly hired Goldman Sachs Group to advise on its proposed sale or listing.

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Canada's Cardinal Energy IPO raises C$225M

Canada-based oil producer Cardinal Energy Ltd gathered CAD 225 million for its initial public offering, the biggest IPO in the country since Oryx Petroleum Corp raised CAD 250.5 million in May, a Bloomberg report said.

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Private equity owners of Norway-based Lindorff selects banks for planned listing - sources

Reuters heard from five anonymous sources that Norway-based debt collector Lindorff's owners, Swiss Investor AB and private equity firm Altor, had already hired banks to lead the Nordic company's IPO.

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Power Grip Corp to price share sale at top end of range- sources

State-run electricity distributor Power Grid Corp of India Ltd will be pricing its share sale near the top end of its marketed range, according to sources interviewed by Bloomberg.

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Australian taxi app ingogo picks up AUD3.4 million, hints 2014 IPO

Australia-based taxi app ingogo has raised an additional AUD3.4 million in venture capital funding and expressed plans for a 2014 listing on the Australian Securities Exchange (ASX).

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USD2 billion float by China Everbright to launch on Tuesday

China Everbright Bank Co Ltd's USD2.8 billion float on Tuesday follows the steps taken by peers Huishang Bank Corp Ltd (3698.HK) and Bank of Chongqing to prepare a financial buffer against bad loans in the near future, said a Reuters report.

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State-owned firms to lead China IPOs next year as 15-year ban on listings end- sources

Chinese state-owned firms are expected to lead the initial public offerings in the mainland next year after the lifting of the temporary ban on public share sales by the government, according to sources interviews by Bloomberg.

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UK mobile games maker King delays IPO due to Candy Crush surge

UK-based mobile game maker King has delayed its initial public offering (IPO) until 2014 amid fears that its flagship game, Candy Crush Saga, is just a "one hit wonder," said UK-based newspaper.

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Private equity funds have more dry powder for acquisitions - report

Institutional investors were putting more money to private equity funds as they bet on improved dealmaking in the next two years, according to a report.

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Former Barclays CEO returns to banking, set to invest in Africa- source

Bob Diamond, the former Chief Executive of Barclays, will be returning to banking by listing a company that will be investing in the African financial sector, a source interviewed by Reuters said.

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Australian bankers have reason to celebrate as IPOs rise this year- report

With the revival of initial public offerings, Australian bankers have many things to be happy for as underwriting fees also surge, according to a report.

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