XLMedia, the digital media firm that brings traffic for online gaming sites, intends to secure $40 million in a London stock market flotation, the Financial Times reported.
Sources disclosed to IFR that Chinese waste management and energy company China Everbright International Ltd will be floating 430 million new shares to raise up to HKD3.75 billion or USD484 million.
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.
Sources told Bloomberg that the planned stock sale of India's top two mobile phone operator had postponed its original target completion this month, and was pushing for a stock sale next year.
India's Department of Disinvestment, which oversees the divestment of ownership stakes of the state of India in several companies, were pushing for a float to happen to capitalize on the rally of stocks on the financial bourse.
A most notable reason of Russian oil company Bashneft planned to launch an initial public offering was to avoid the chances of a hostile takeover by a potential investor, said one investment firm analyst.
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