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…
Bursa-listed Malaysia Smelting Corporation Berhad, the integrated tin mining and tin smelting group, announced that its IPO was 0.9 times oversubscribed.
Malaysia Smelting Corporation’s IPO comprised 25 million ordinary shares at $1.75. In total, applications amounting to 47,749,500 offering shares — comprising valid applications for 23,759,500 offer shares and 23,990,000 placement shares.
The company’s shares will resume trading in Bangkok at 11:30 a.m.
XMH Holdings, the diesel engine, propulsion and power generating solutions provider in the marine and industrial sectors, says its public offer was 157.5 times oversubscribed as of 12 noon yesterday.
About 3,385 valid applications applying for a total of 237,788,000 offer shares were received for the 1.5 million offer shares made available to the public for subscription at 25 cents each.
Application money received amounted to $59.4 million.
The Thai stock exchange halted trade in Sri Trang stock for a second day on Tuesday pending a pricing announcement, the company said in a statement.
The company is expected to raise up to $360 million (through a listing in Singapore.
The public issue will consist of 1 million shares to the public in Singapore and a placement of 24 million shares to investors, including institutional buyers, it said.
Hutchison Whampoa Ltd.’s sale of Chinese port assets may raise more than Singapore’s combined 31 initial public offerings last year, boosting the city’s efforts to compete as a financial center.
Hutchison, controlled by Hong Kong billionaire Li Ka-shing, said yesterday it will sell a stake in a trust holding container ports in Hong Kong, Macau and Guangdong province, along with associated businesses and some Chinese river ports. The sale may raise US$6 billion ($7.7 billion), the IFR news service reported yesterday.
Hutchison, controlled by Hong Kong billionaire Li Ka-shing, said yesterday it will sell a stake in a trust holding container ports in Hong Kong, Macau and Guangdong province, along with associated businesses and some Chinese river ports. The sale may raise US$6 billion ($7.7 billion), the IFR news service reported yesterday.
Hutchison Whampoa’s sale of Chinese port assets may raise more than Singapore’s combined 31 initial public offerings last year, boosting the city’s efforts to compete as a financial centre.
Hutchison, controlled by Hong Kong billionaire Li Ka-shing, said yesterday it will sell a stake in a trust holding container ports in Hong Kong, Macau and Guangdong province, along with associated businesses and some Chinese river ports. The sale may raise US$6 billion ($7.7 billion), the IFR news service reported yesterday.
The company will retain a stake of about 25% in the trust that will hold deepwater container port operations in Hong Kong and Guangdong province, along with associated businesses and some Chinese river ports, it said in a statement today.
XMH Holdings aims to sell 100.95 million shares at 25 cents each in its initial public offering on the Singapore stock exchange, according to an e-mailed statement today.
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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.
The trust, a unit of Mapletree Investments, hired CIMB Group Holdings Bhd., Citigroup Inc., DBS Group Holdings, Deutsche Bank AG and Goldman Sachs Group Inc. as advisers on the sale, the person said, asking not to be identified as details are private.
Sale of units in open market by substantial shareholder Moore Capital Management not helping sentiment, with fund trimming stake to 6.38% vs 7.80% yesterday.
Weekend Comment Nov 26: In the mood for an IPO?
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