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Pirelli's IPO books covered on base deal size - bank memo

Demand for the initial public offering of Italian tyremaker Pirelli has reached an amount sufficient to cover the base size of the offer on the third day of the share sale, a memo sent by banks to investors said on Wednesday.
[ Fidelity at 2017-09-20 08:28:28 ]


BRIEF-Zai Lab Ltd American depositary shares open 34.7 pct above IPO price in debut

* Zai Lab Ltd American depositary shares open at $24.25 in debut on the NASDAQ versus IPO price of $18.00 per ADS.
[ Fidelity at 2017-09-20 08:13:05 ]


BRIEF-Despegar.com shares open 11.5 pct above IPO price in debut

* Despegar.com (DESP) shares open at $29.00 in debut on the NYSE versus IPO price of $26.00 per share Further company coverage:
[ Fidelity at 2017-09-20 07:35:44 ]


BRIEF-Celcuity shares open 30 pct over IPO price in debut

* Celcuity shares open at $12.35 in debut on NASDAQ versus IPO price of $9.50 per share Further company coverage:
[ Fidelity at 2017-09-20 07:34:17 ]


Argentine online travel unicorn Despegar jumps in U.S. market debut

- Shares of Argentina's Despegar.com Corp rose as much as 12.3 percent in their stock market debut on Wednesday, giving the Expedia Inc-backed online travel agent a valuation of $1.96 billion. The 12.8 million-share offering was priced at $26 apiece, at the upper end of Despegar's proposed $23 to $26 per share range, raising about $332 million in proceeds.
[ Fidelity at 2017-09-20 07:30:59 ]


Alibaba-backed Best jumps in debut after slashing IPO price

Shares of Best Inc (BSTI), a Chinese logistics firm backed by Alibaba Group Holding Ltd (BABA), jumped in their market debut on Wednesday, a day after the company slashed its expected pricing range to stoke investor interest. Best's shares rose as much as 17.4 percent to a high of $11.74 in early trading, giving the company a market capitalization of about $4.33 billion.
[ Fidelity at 2017-09-20 07:25:07 ]


BRIEF-Zai Lab Limited prices 8.3 mln American depositary shares at $18.00/ADS​

Zai Lab Limited(ZLAB): * Zai Lab Limited(ZLAB) announces pricing of U.S. initial public offering of ADSs. * Announces pricing of U.S. initial public offering of American depositary shares 8.3 million ADSs sold in IPO at price of US$18.00 per ADS​ Source text for Eikon:
[ Fidelity at 2017-09-20 07:02:19 ]


India's first $1 billion IPO in 7 years opens

India is getting its first $1 billion IPO in nearly a decade -- from an insurance company. SBI Life, a partnership between the State Bank of India (SBKFF) and French insurance firm BNP Paribas Cardif, opened its initial public offering on Wednesday. Only nine other Indian IPOs have ever crossed the $1 billion mark, according to data provider Dealogic.
[ Fidelity at 2017-09-20 07:01:24 ]


Alibaba-backed Best Inc jumps in debut

Shares of Best Inc (BSTI), a Chinese logistics firm backed by Alibaba Group Holding Ltd (BABA), rose 15 percent in market debut on Wednesday, a day after the company slashed its expected price range to stoke investor demand. Shares rose as much as 17.4 percent to a high of $11.71 in early trading, giving the company a market capitalization of about $4.30 billion.
[ Fidelity at 2017-09-20 06:55:26 ]


IPO market could be slowed down by revenue recognition rules

Deloitte found that only 8% of companies considering an IPO have started work on implementing the new rules. Though the market for initial public offerings has been improving, it may hit another speed bump as most companies are not prepared to comply with new accounting rules. According to a poll from Deloitte, only 8% of companies that are considering going public have completed the move to the new revenue recognition requirements that are needed for public companies...
[ Fidelity at 2017-09-20 06:52:17 ]


Zai Lab Limited Announces Pricing of U.S. Initial Public Offering of ADSs


[ GlobeNewswire at 2017-09-20 06:52:00 ]


Austrian bank BAWAG PSK expects to decide on IPO next week

BAWAG PSK, the Austrian bank majority owned by U.S. private equity group Cerberus Capital Management, expects to formally announce next week whether it will go ahead with a share offer, two people familiar with the matter said. Announcing its intention to float would start a process that would lead to a listing a month later, at the end of October, the people said.
[ Fidelity at 2017-09-20 04:45:27 ]


BRIEF-Zai Lab expects IPO price of $16 to $18 per ADS

* Zai Lab Ltd - currently expect the initial public offering price to be between $16.00 and $18.00 per ADS. * Zai Lab Ltd sees U.S. IPO of 8 million American Depositary Shares representing 8 million ordinary shares - sec filing Source text for Eikon:
[ Fidelity at 2017-09-20 03:43:20 ]


BRIEF-Despegar.com corp announces pricing of initial public offering

Despegar.Com Corp(DESP). * Despegar.com(DESP) - ‍announced pricing of its initial public offering of 12.8 million ordinary shares at a public offering price of $26.00 per share​ Source text for Eikon: Further company coverage:
[ Fidelity at 2017-09-20 03:32:49 ]


BRIEF-Celcuity announces pricing of initial public offering

* Celcuity announces pricing of initial public offering. * Celcuity Llc - ‍announced today pricing of its upsized IPO of 2,400,000 shares of its common stock at a public offering price of $9.50 per share​. * Celcuity Llc - ‍Celcuity expects to use net proceeds from offering to support research and development activities and clinical trials.
[ Fidelity at 2017-09-20 03:12:19 ]


MIDEAST MONEY-Abu Dhabi targets IPOs worth $5 bln ahead of Saudi Aramco

Abu Dhabi is hoping to fast-track at least $5 billion of stock market listings by state-backed companies next year before Saudi Aramco's planned $100 billion IPO dominates investor demand. Like neighbouring Saudi Arabia, Abu Dhabi is restructuring its industrial sector, hoping to lure foreign investors with privatisations after lower energy prices depleted its coffers.
[ Fidelity at 2017-09-20 02:20:20 ]


Saudi Aramco could disclose accounts early 2018 - sources

* Government still needs to decide on IPO venue, fuel reform. * Aramco running accounts under new tax system-sources. * Saudi government source says plans for IPO on track. By Alex Lawler and Rania El Gamal.
[ Fidelity at 2017-09-20 02:05:16 ]


BRIEF-Best Inc prices IPO of 45 mln American Depositary shares at $10 per ADS

* Best Inc. Announces pricing of initial public offering. * Best Inc says has priced its IPO of 45 million american depositary shares, each representing one of its class A ordinary shares, at US$10.00 per ADS Source text for Eikon:
[ Fidelity at 2017-09-19 20:29:53 ]


Alibaba-backed Best Inc raises $450 million in IPO after slashing terms

Chinese logistics firm Best Inc priced its U.S. initial public offering at the bottom of expectations, raising $450 million after it revised terms of the deal to cope with tepid investor demand.
[ Fidelity at 2017-09-19 20:03:21 ]


Alibaba-backed Best Inc raises $450 mln in IPO after slashing terms

* Best prices 45 mln ADSs at $10 each - IFR. * Company had expected to raise up to $932 mln originally. * Biggest U.S. IPO by Chinese firm since ZTO October listing. Chinese logistics firm Best Inc priced its U.S. initial public offering at the bottom of expectations, raising $450 million after it revised terms of the deal to cope with tepid investor demand.
[ Fidelity at 2017-09-19 20:01:20 ]


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