LinkedIn has filed for an initial public offering, potentially paving the way for Facebook, Twitter, Groupon and other Internet companies to join the publicly traded sector. – LinkedIn Jan. 27 confirmed it has filed for an initial public offering with the Securities and
Exchange Commission, with designs on raising at least $175 million in stock.
LinkedIn, the latest Internet company to commit to the
publicly traded stock market, is the world’s largest business contact…
Zhongmin Baihui Retail Group, the Fujian-based departmental store operator, has launched its initial public offering (IPO) on the Catalist board.
The group will raise $9 million in gross proceeds through the offering, comprising 30 million new shares at 30 cents each. The shares are offered by way of placement. The new shares to be issued represent 15.3% of Zhongmin Baihui’s enlarged issued share capital after the IPO.
Lower costs and newer models help GM to survive in a shrunken market
DAN AKERSON, the boss of General Motors, will be spending plenty of time on the road over the next few days, hoping to persuade sceptical investors to cough up $13 billion in the carmaker’s initial public offering (ipo), expected later in the month. They have plenty of reason to be cautious, considering the hammering that share- and bondholders took during the firm’s two-month dash through the bankruptcy courts last year.
Nevertheless, Mr Akerson, a former telecoms boss, believes he has some strong selling-points. Having run up huge losses during some of the best times America’s auto industry ever had, GM is now showing solid profits in the midst of some of the industry’s worst years. On November 10th GM said it had made $2 billion between July and September—its third quarterly profit in a row—in a market that is struggling to reach annual sales of 11.5m, about 6m below its peak in the mid-2000s. Mr Akerson and his management team are suggesting that if sales continue to recover GM might be capable of annual pre-tax profits of up to $19 billion. Even if they do not reach previous peaks, the radical shake-up of GM imposed by its bankruptcy plan was designed to ensure that it stays in the black even at the Depression-era levels to which sales recently fell. …
Shares of chemical systems engineering firm Anchun International (ANIH.SI) will debut on Monday. The firm said it sold 130 million shares at $0.28, in an initial public offering that raised net proceeds of about $25.9 million. The offering was 8.6 times subscribed.
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Global Logistic Properties (GLP), the logistics unit of Singapore sovereign wealth fund GIC (GIC.UL), is set to raise up to $3.9 billion in Singapore’s second-largest initial public offering.
The company plans to raise $3.45 billion in Singapore’s biggest initial public offering since 1993.
Global Logistic Properties (GLP) — which owns industrial and logistic properties in China and Japan — will begin educating investors about the IPO on Thursday and roadshows will start on Sept 23, two sources with knowledge of the deal told Reuters.
Skype filed for an initial public offering Aug. 9, with a prospectus that offered a glimpse into the company’s current structure and plans for future growth that include Skype for Business products. – VOIP vendor Skype filed for an IPO Aug. 9, but offered no indication of
when potential shareholders would be able to purchase stock in the
Internet-calling company.
Skype’s
preliminary prospectus estimates the initial offering’s value at up to $100
million, but the company declined to reveal …
The share sale would be among Singapore’s biggest offerings this year, after CapitaLand raised $2.8 billion selling shares in its CapitaMalls Asia. unit in November 2009. Other companies planning initial share sales include Mapletree Industrial Trust and Amtek Engineering.
CapitaMalls Malaysia Trust is offering as many as 719 million units at 1 ringgit to 1.10 ringgit each for institutions and 67.5 million units for individual investors at as much as 1.08 ringgit, according to a term sheet sent to investors today.
China’s New Century Shipbuilding withdrew its planned $770 million Singapore initial public offering less than a week after volatile markets had forced it to slash the size of the offering by less than half.
The company said in a statement it plans to review the situation and may plan to relist on a date in the near future.
China’s New Century Shipbuilding has slashed the size of its Singapore initial public offering and is now looking to raise up to $766.4 million or less than half the amount it had indicated previously.
In a statement late on Friday, New Century said it was offering 560 million new shares at a maximum price of $1.19 a share. The firm’s existing shareholders may sell an additional 84 million shares if an overallotment option is exercised by banks managing the IPO.
New Century, based in Jinjiang in southeastern China, may sell a 30% stake in the IPO, said the people, who declined to be identified because they aren’t authorized to discuss the deal publicly.
