Sell side Archive

Aug 13, 2019
Asia markets flourish despite pressures
Despite the unexciting performance of much of the global IPO market in 2019 – and specific political pressures in Asia – sentiment and trends in the region’s markets remain extremely upbeat, reveals a report from professional services firm EY. China’s capital markets is currently going through a golden phase, especially the new, Nasdaq-inspired ...
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Aug 06, 2019
Exchanges index highlights July boom in market sentiment
The FTSE Mondo Visione Exchanges Index, which aims to reflect market sentiment and is a key indicator of exchanges performance closed at 58,387.4 on July 31 – up 2.2 percent on the month, up 18.2 percent year-to-date and 18.7 percent over 12 months (all in US dollar terms), reflecting booming market sentiment. The index set a new closing all-time high of 59,714.84 on July 11. The FTSE Mondo Visione Exchanges Index best performer by capital returns was the D...
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Jul 16, 2019
Anheuser-Busch InBev calls off $10 bn Hong Kong IPO
Anheuser-Busch InBev (AB InBev) has announced it is not going ahead with its $10 bn IPO on the Stock Exchange of Hong Kong due to ‘prevailing market conditions’ – dealing a big blow to the territory’s capital markets. A statement issued by AB InBev reads: ‘The company is not proceeding with this transaction due to several factors, including the prevailing market conditions. The company will closely monitor market conditions as it continuously evaluates its...
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Jul 12, 2019
The week in investor relations: Fed comments boost Wall Street
Stocks fell on Monday as losses in Apple shares put wider pressure on the tech sector with investors gearing up for key testimony from the Federal Reserve’s Jerome Powell later in the week, CNBC reported. And technology and healthcare shares drove US stocks to a low finish on Monday as the market fell for a second straight trading day following a recen...
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Jul 08, 2019
China-Belarus agreement aims to boost capital markets in both countries
The Shenzhen Stock Exchange (SZSE) and the Belarusian Currency and Stock Exchange (BCSE) have signed a memorandum of understanding (MOU) to boost their capital markets and upgrade the Belt and Road Initiative co-operation between China and Belarus. Belarus is a so-called ‘hub state’ along the Belt and Road and an important economic and trading partner of China in the Eurasian region. This development will deepen the partnership between China and Belarus a...
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Jul 03, 2019
Hong Kong IPOs see major boost from new biotech rules
Hong Kong IPOs grew during the first six months of 2019, thanks to new listing rules for biotech companies and despite political concerns over the city’s relationship with China and the outbreak of protests. Sixty-eight companies went public on the Stock Exchange of Hong Kong, the highest number in the last five years, and up around 40 percent on the same period last year, according to financial consultancy KPMG. Hoshiyuki Takahashi, manager of KPMG China...
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Jul 01, 2019
IPOs see slow start to year in Latin America
Latin American markets were slow in the first half of the year, due to ongoing political and economic instability in a number of member countries, according to data compiled by global law firm Baker McKenzie Capital-raising fell by 95 percent to $243 mn during the first six months of 2019, with just two IPOs, compared with seven during the same period last year.   Clothing company Grupo SBF raised more than $173 mn on the B3 exchange in São Paulo, Brazil an...
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Jun 26, 2019
African IPOs see dramatic drop in first half of 2019
The African IPO market saw a 28 percent decline in the first half of 2019, with capital raised falling to $341 mn, compared with $472 mn during the same period in 2018, according to data compiled by global law firm Baker McKenzie. The sharp fall can be attributed to the 80 percent fall in domestic capital-raising in Africa – standing at only $85 mn from four IPOs, compared with $419 mn from the same number of IPOs in the first half of 2018. The data reveal...
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