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IPO

Suse IPO expected to price IPO towards lower end of range
Markets

Suse IPO expected to price IPO towards lower end of range

  • SUSE, whose open-source software helps run applications on cloud servers, mainframe computers and devices at the edges of networks, is slated to see its shares debut on the Frankfurt stock exchange on Wednesday.
  • EQT will remain the company's largest shareholder with a stake of 77.6%. It acquired SUSE in 2018 for $2.5 billion and stands to double its money.
Published 17 May, 2021 06:51pm
AIG says will use IPO to sell life and retirement unit
Business & Finance

AIG says will use IPO to sell life and retirement unit

  • "An IPO allows AIG to retain maximum flexibility regarding the operations of the business as well as the separation process."
  • The life and retirement unit, which sells insurance and annuities, reported $941 million in adjusted pretax income in the first quarter, up 57% from a year ago, AIG said on Thursday. But premiums fell by 53% to $600 million.
Published 07 May, 2021 06:46pm
Japanese shares dip
Markets

Japanese shares dip

TOKYO: Japanese shares inched lower on Tuesday as a slew of corporate earnings failed to meet investors’ high...
Published 28 Apr, 2021 03:18am
South Korea's SKIET raises $2bn in country's hottest ever IPO
Markets

South Korea's SKIET raises $2bn in country's hottest ever IPO

  • SKIET's shares were priced at 105,000 won each which was the top of the range announced in a regulatory filing last month to raise about 2.2 trillion won ($1.98 billion).
  • The pricing values the battery material maker at 7.5 trillion won, which analysts said should be enough lift the company into the benchmark KOSPI 200 index.
Published 26 Apr, 2021 05:21pm