Trends - IPO - Business Recorder

IPO

PABC's IPO oversubscribed as hungry investors take price to Rs49

Bids for 233 million shares made against offer of 93.8 million

Published 23 Jun, 2021 06:18pm

Business & Finance

PABC gears up as Pakistan’s eighth IPO this fiscal year, highest since 2009-10

Book-building set to take place on June 22 and 23
Pakistan Aluminium Beverage Cans Limited looks to double penetration in beverage can business

Updated 18 Jun, 2021 11:45pm

Pakistan

IPO oversubscribed: Citi Pharma raises Rs2.32bn in book building

KARACHI: The book-building process of Citi Pharma’s Initial Public Offer (IPO) has concluded with an...

Published 17 Jun, 2021 03:27am

IPO: Citi Pharma plans to raise Rs2.8bn

KARACHI: Lahore-based Citi Pharma Limited is planning to raise up to Rs2.8 billion by offering a 35 percent stake to...

Published 05 Jun, 2021 04:08am

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

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

Business & Finance

INX estimates $125m raised in equity, token offerings

NEW YORK: INX Ltd, the blockchain-based global trading platform for digital securities and cryptocurrencies, said on...

Updated 04 May, 2021 09:51am

Markets

PSX holds gong ceremony on listing of Service Global Footwear Limited

KARACHI: In an exciting development at Pakistan Stock Exchange (PSX), yet another company has been listed on the...

Published 29 Apr, 2021 03:52am

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

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

Markets

Poundland owner picks Warsaw over London for Pepco listing

Poland is Pepco's biggest market.
Could be Poland's biggest IPO this year.
Sources value group at around 5 bln euros.
Says well positioned for growth.
Names Richard Burrows chairman.

Published 26 Apr, 2021 04:36pm

Pakistan

Royalty issue: IPO advises artists to scrutinise contracts before signing

ISLAMABAD: The Intellectual Property Organization Pakistan (IPO-Pak) on Sunday urged the artists to minutely examine...

Updated 26 Apr, 2021 10:16am

Markets

Thai Beverage defers IPO plans for regional beer business on market uncertainty

The spin-off by the company, controlled by one of Thailand's richest men, was set to be the largest initial public offering in the city-state in nearly a decade. Reuters had reported earlier that the IPO could raise about $2 billion.

Published 16 Apr, 2021 06:25pm

Markets

China to tighten scrutiny of STAR listings

Companies engaging in real estate and companies mainly engaging in financial investment business will be barred from listing on the STAR Market, CSRC said.
CSRC also said it would tighten scrutiny of companies engaging in fintech and restrict their listings on the STAR Market.

Published 16 Apr, 2021 04:55pm

Business & Finance

Coinbase reference price set at $250/share, values exchange at $65bn

That price for Coinbase, which has opted against a traditional IPO but instead will use a direct listing, means the company is valued at $65.3 billion.

Published 14 Apr, 2021 10:27am

Business & Finance

South Korea's construction firm Hyundai Engineering prepares for IPO

Hyundai Engineering & Construction Co Ltd owns 38.6% of Hyundai Engineering, while Hyundai Motor Group chairman Euisun Chung has a 11.7% stake in the firm.

Published 13 Apr, 2021 12:43pm

Business & Finance

Coinbase brings cryptocurrencies to Wall Street

Another factor that could put Coinbase at a disadvantage is its commissions, which the company uses to earn money.

Updated 13 Apr, 2021 04:32pm

Markets

China’s Didi picks Goldman, Morgan Stanley for mega US IPO

HONG KONG: China’s top ride-hailing firm Didi Chuxing has mandated Goldman Sachs and Morgan Stanley to lead its...

Published 12 Apr, 2021 03:59am

Business & Finance

China's Didi picks Goldman, Morgan Stanley for mega U.S. IPO - sources

Didi, backed by Asian technology investment giants SoftBank, Alibaba and Tencent, is looking to list as soon as July, according to the people.

Published 10 Apr, 2021 10:24am

Markets

PSX inks agreement to launch E-IPO System

8 The E-IPO system will electronically connect investors, share registrars with brokers / TRE Certificate holders, banks via 1LINK, and the shares custodial company, Central Depository Company (CDC) on a real-time basis with a simplified end-to-end customer experience.

Published 02 Apr, 2021 12:05pm

Markets

FTSE down; Deliveroo slumps in debut

LONDON: London’s FTSE 100 fell on Wednesday, as firmer Treasury yields weighed on several sectors, while food...

Published 01 Apr, 2021 04:10am

Markets

European stocks flat

ROTTERDAM/LONDON: European stocks were flat on Wednesday as a 30% slump for delivery company Deliveroo in its London...

Published 01 Apr, 2021 04:10am

Business & Finance

IPO: SGFL appoints AHL as lead manager

KARACHI: Service Global Footwear Limited (SGFL) has appointed Arif Habib Limited as the lead manager and book runner...

Published 31 Mar, 2021 05:42am

Business & Finance

Software firm MessageBird CEO says sales passed $300mn in 2020

Software company MessageBird sales pass $300 mln in 2020.
MessageBird buys Dutch video firm 24sessions for undisclosed sum.
MessageBird CEO: company spent $100 mln on three acquisitions.

Published 30 Mar, 2021 06:58pm

Business & Finance

Deliveroo trims valuation ahead of stock market launch

LONDON: Deliveroo on Monday trimmed the anticipated value of its London flotation, citing market volatility, but...

Published 30 Mar, 2021 05:45am

Business & Finance

Adam Neumann's final WeWork act: helping SoftBank's SPAC deal

Neumann was locked in a fierce legal battle at the time with SoftBank over a $3 billion deal for a portion of his and other investors' stake in the office space-sharing company.
Ranadivé's SPAC had been looking for an acquisition target after raising $420 million in an IPO in August.

Published 29 Mar, 2021 07:04pm

Markets

Didi leans towards NY for IPO, eyes valuation of at least $100bn

HONG KONG: China’s top ride-hailing firm Didi Chuxing is leaning toward picking New York over Hong Kong for its...

Published 29 Mar, 2021 06:05am

Markets

SoftBank-backed ACV Auctions raises offer price range, eyes $364mn IPO

The company, also backed by investment firm Bessemer Venture Partners, said it was looking to sell 16.55 million shares at a price range of $20 to $22 per share.
At the top end of the new range, the company would be valued at $3.39 billion.

Published 22 Mar, 2021 06:47pm

World

China’s regulator for tighter IPO scrutiny

SHANGHAI: China's top securities regulator on Saturday urged underwriters to tighten scrutiny on companies seeking ...

Updated 21 Mar, 2021 05:50pm

Markets

Nikola, Lordstown shares drop in latest sign of turbulence for EV sector

Nikola shares were down 3.5% in premarket trading while Lordstown was trading 4.8% lower, adding to declines of roughly 50% from their highs this year amid concern about the electric truck makers' ability to delivery on technology, as well as worries about rising yields and valuation.
Nikola said on Wednesday that South Korea's Hanwha Corp has decided to sell up to half of its stake in the company.

Published 18 Mar, 2021 08:41pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 28	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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