Sell side Archive

Nov 25, 2019
Taking stock of Mifid II
It’s a good time to take stock of Mifid II – almost two years since its launch, we’re beginning to get a clearer picture of the changes it has prompted. ‘The prophecies of Mifid II bringing doom and disaster have proven to be untrue,’ Michael Hufton, managing director of ingage, tells IR Magazine. ‘Companies are not finding themselves unable to get coverage. Investors are not faced with a dearth of research.’ Instead, Hufton says, there...
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Oct 30, 2019
Goldman Sachs tops M&A adviser league table
Goldman Sachs has topped GlobalData’s Adviser League Table tracking mergers and acquisitions activity for the first three quarters of 2019. The firm was involved in 249 deals with a value of $982.3 bn, bettering second-placed JPMorgan (211 deals, $777.9 bn value) by more than $200 mn. Morgan Stanley rounds out the top three, with 182 deals with a deal value of $732.4 bn. Ravi Tokala, financial deals analyst at GlobalData, says mega-deals – deals with valu...
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Oct 16, 2019
UK companies see wider fall in analyst coverage than European peers, finds research
Following the arrival of Mifid II, UK companies are more likely to have lost analyst coverage than their European counterparts, according to new research. More than half of UK companies (52 percent) say the number of sell-side analysts covering them fell over the last year, reports Citigate Dewe Rogerson in its annual survey of IR professionals. By contrast, only 39 percent of non-UK European companies report a drop in coverage. UK issuers are also experienci...
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Sep 03, 2019
Chinese regulator happy with success of new Star Market
Taking stock of what has been an impressive start for China’s new tech-focused stock market – the Star Market – regulators have expressed their pleasure with the opening period for the exchange. A spokesperson for Star Market regulator the China Securities Regulatory Commission, assessing its success since its launch in July, says in a sta...
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Aug 29, 2019
What CFOs need to know about IR before an IPO
Going public can be complex, expensive and time-consuming, with new challenges, expectations and stakeholders: analysts, investors, activists, regulators and media. How they view the IPO and the company over time can weigh on the company’s performance and perhaps the CFO’s own tenure. Managing the new pressures requires strong investor relations, but the starting point is not the quarterly close or the earnings call. Rather, it’s having a compelling investment...
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Aug 26, 2019
GCC IPOs see slight increase
IPOs in the Gulf Cooperation Council (GCC) region increased slightly in the second quarter, with two companies listing on Saudi Arabia’s Tadawul, according to financial services firm PwC in its GCC Capital Markets Watch report. The proceeds from the IPOs increased from $403 mn in the second quarter in 2018 to $866 mn in the second quarter this year. The increase in the total proceeds is mainly due to the sizable retail IPO of Arabian Centres Company, which gene...
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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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