Sell side Archive

May 29, 2019
Modi victory in India set to give IPO markets a boost
The resounding re-election victory in India of the National Democratic Alliance (NDA) led by Narendra Modi is expected to revive the IPO markets after nearly three quarters of limited activity. So far this year 59 companies, with plans to raise INR530 bn ($7.6 bn), have been approved to launch IPOs by the regulator the Securities and Exchange Board of India, according to data from market data firm Prime Database. But with the on-going political uncertainty p...
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May 22, 2019
Saudi mall operator is first IPO to allow US investment
One of the largest IPOs to come out of Saudi Arabia in the past five years has seen mall operator Arabian Centres become the first to allow US investment under new rules introduced in 2015.  Talked up as possibly the largest IPO to come out of the kingdom since 2014, Arabian Centres debuted at SR26 riyals ($6.93) on the Saudi stock exchange, the Tadawul...
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May 20, 2019
EU faces calls for capital market reform
The European Union is facing calls for Europe-wide capital market reform from Germany, France and the Netherlands as the threat of Brexit makes the issue an ‘urgent strategic issue’, according to a joint letter sent to the EU. Among their requests, the countries call for a new working group to define capital market reform priorities after this week’s European Parliament elections. The letter states: ‘It is critical for the union to bolster its capacit...
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May 16, 2019
Advisory intelligence: A look at Canadian macro issues as Mifid II makes its presence known
Sponsored content Recent years have seen Canadian companies facing a number of macro issues – from the ongoing back and forth on the U.S.-China trade deal, to the discussions around Nafta and how those are impacted by tariff talks – and these have resulted in a 'valuation discount' versus peers in the U.S., explains Prab Sagoo, a Montreal-based associate director at Nasdaq IR Intelligence. 'Over the last few years there has been a subtle shift o...
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May 08, 2019
IMF’s Middle East critique offers little that is new, says regional expert
A leading IR expert says aspects of a new IMF report, which warns that uncertainty over the outlook for oil prices and weaker global economic conditions have placed pressure on Middle East markets, offers nothing new. The Regional Economic Outlook Report, published by the IMF’s Middle East and Central Asia department, highlights regional volatile oil prices, restrained oil production, headwinds from slowing global growth, elevated public debt, and limited capacity...
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May 03, 2019
How two decades of technology reshaped and liberated equity research
Technology’s transformative and disruptive winds have swept across most corners of the financial markets. While these forces have altered the landscape for traders and investors, they’ve had a liberating effect on equity analysts.  This rings particularly true over the past 20 years, during which time technology has prompted an unforeseen improvement in productivity and capability that restructured the relationship between investment bank and boutique research ...
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Apr 26, 2019
The week in IR: Chinese tech companies delay IPOs, and putting a cost on investment research
The specter of the US-China trade dispute hanging heavily over the capital markets in China led the Financial Times to focus on how Chinese tech companies have decided to delay their IPOs and even accept lower valuations as a result of the uncertainty created by the ongoing trade dispute, as well as a waning in investor enthusiasm. The FT highlighted that the amount of private e...
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Apr 23, 2019
China markets see boom in 2019
Stock markets in China have been booming so far this year, built around optimism over the domestic economic outlook. Shanghai’s SSE Composite Index has risen more than 30 percent since the start of the year, while Shenzhen’s SZSE Component Index has seen an even bigger boost of more than 40 percent in the same period, according to official statistics. The CSI 300 – the index focused on the 300 largest companies traded on the Shanghai and Shenzhen stock exchang...
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