Kibo Energy subsidiary seeks London IPO by end of the year July 23, 2020 Sloane Developments, the UK-based subsidiary of Irish firm Kibo Energy, is seeking a London IPO by the end of the financial year. The company, which will change its name to Mast Energy Developments (MED), is aiming for admission to the London Stock Exchange’s standard list. MED’s IPO is just the second floatation to be announced [...]
Exclusive: Elixirr seeks London IPO to end coronavirus drought June 19, 2020 Management consultancy firm Elixirr, whose clients have included Barclays, O2 and RBS, is seeking a London IPO, ending a two-month drought in flotations on the London Stock Exchange. Elixirr will seek a listing on London’s junior AIM exchange this summer, Morning Wire can reveal. The company, founded in 2009, plans to go on an equity-funded [...]
Warner Music Group resumes $1.8bn IPO after coroanvirus May 26, 2020 Ed Sheeran’s record label Warner Music Group (WMG) is seeking to raise $1.8bn (£1.5bn) as it restarts its initial public offering (IPO) process after it was interrupted by the coronavirus pandemic. In a statement, WMG today said it would seek to sell 70m shares – 14 per cent of the company – at a targeted [...]
The number of floats in London dropped to a decade-low last year January 15, 2020 Geopolitical uncertainty contributed to a subdued initial public offering (IPO) market in London last year, as listings fell 56 per cent year-on-year. In what was the capital’s quietest year for a decade, just 35 companies floated raising £5.9bn, down from 79 listings raising £9.5bn in 2018. The number of admissions to London’s junior Aim market [...]
Saudi Aramco IPO to be largest in history at $25.6bn December 5, 2019 Saudi Aramco is set to raise a record $25.6bn (£19.5bn) in the largest initial public offering (IPO) in history, as it was reported that the oil giant would price its shares at 32 riyals (£6.50) per share, the top end of its range. The sale price will see Aramco knock Chinese e-commerce giant Alibaba off [...]
Institutional tranche of Saudi Aramco IPO twice oversubscribed December 2, 2019 The institutional tranche of Saudi Aramco’s upcoming initial public offering (IPO) is more than twice oversubscribed, according to the sale’s managers. Investors have put in 144.1bn riyals (£29.7bn) worth of bids since 17 November, around 4.6bn shares. Read more: Saudi Aramco IPO on track as retail tranche oversubscribed The institutional tranche closes at the end [...]
Saudi Arabia pushing Opec for deeper oil production cuts ahead of Aramco IPO December 2, 2019 Saudi Arabia is seeking to push Opec into deepening oil cuts until at least June 2020 as it prepares for December’s listing of Saudi Aramco. Sources told Reuters that Opec and its allies, including Russia, were currently discussing a deal to add 400,000 barrels per day to existing production cuts of 1.2m barrels per day. [...]
Saudi Aramco IPO on track as retail tranche oversubscribed November 28, 2019 Retail orders for Saudi Aramco’s upcoming initial public offering (IPO) have reached 38.1bn Saudi riyals (£7.9bn), surpassing expectations for this section of the float. Aramco had set aside one third – roughly a billion – of the shares in its 1.5 per cent offering for retails investors, but lead manager Samba Capital announced today that [...]
Abu Dhabi and Kuwait funds plan investment in Saudi Aramco IPO November 27, 2019 The national investment bodies of Abu Dhabi and Kuwait are planning investments in Saudi Aramco’s upcoming initial public offering (IPO). Multiple sources told Reuters that the Abu Dhabi Investment Authority (Adia) is taking a stake worth at least $1bn (£780m). Any final decision on the size of the investment will need board approval. Read more: [...]
Longboat Energy IPO raises £10m in London debut November 26, 2019 Longboat Energy, a new North Sea oil company, today announced it had raised £10m in its initial public offering on London’s AIM. The company, which is led by the former leadership of Faroe Petroleum, priced the offering at 100p per share. Read more: China’s Sdic power to list in London for up to £640m Blue-chips [...]