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initial public offering

Capital market operators oppose Nigerian government’s proposed unclaimed dividend fund

The proposed plan by the Federal Government to manage unclaimed dividends, projected to hit N200bn by the end of this year, has drawn the ire of capital market operators on the adverse effects on investor confidence and future growth of the market.
US stock index futures hover around unchanged mark as early US presidential election results point to close race.

Shares turn skittish as early results show tight US election

US stock index futures hover around unchanged mark as early US presidential election results point to close race.
The administration of United States President Donald Trump has put on hold an effort to blacklist Ant Group Co Ltd, the Chinese financial technology company affiliated with e-commerce giant Alibaba, following a phone call between a company executive and a top US government official, four people familiar with the matter said.

Donald Trump administration shelves plan to blacklist China’s Ant Group

The administration of United States President Donald Trump has put on hold an effort to blacklist Ant Group Co Ltd, the Chinese financial technology company affiliated with e-commerce giant Alibaba, following a phone call between a company executive and a top US government official, four people familiar with the matter said.

MTN seeks to sell $243m stake in Jumia

Reuters, yesterday, said its sources had revealed this, saying MTN which had previously marked the online retailer as a non-core business, is reviving plans for a sale after Jumia’s shares surged 142% this year, recovering from a dip in 2019. No final decisions about the sale have been made, the sources told Reuters.
Egypt has postponed its plans to sell a minority stake in state-owned Banque du Caire in an initial public offering (IPO) starting mid-April due to the spread of the coronavirus, a local newspaper on Sunday quoted the bank chairman as saying.

Egypt postpones Banque du Caire stake sale due to coronavirus – chairman

Egypt has postponed its plans to sell a minority stake in state-owned Banque du Caire in an initial public offering (IPO) starting mid-April due to the spread of the coronavirus, a local newspaper on Sunday quoted the bank chairman as saying.
Saudi Aramco’s multibillion-dollar share sale, likely the biggest initial public offering (IPO) in history, is officially underway after the company formally announced its plans to list stock on the Kingdom’s stock exchange, the Saudi Tadawul.

Saudi Aramco shares jump 10% on stock market debut

Saudi Aramco shares surged the maximum permitted 10% above their initial public offering (IPO) price on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation long sought by Saudi Crown Prince Mohammed bin Salman.

Saudi Aramco IPO’s retail tranche attracts $12.6 billion

Saudi Aramco has received bids for its shares totalling $44.3 billion so far, lead manager Samba Capital said on Friday, putting its initial public offering on track to be over-subscribed.

Saudis scramble to raise cash for Aramco share sale

From tapping lenders to selling personal assets, Saudis are scrambling to raise cash to invest in Aramco stocks after the oil giant announced its blockbuster market debut even as it offered few listing details, according to AFP reports.

Crude oil prices see some profit taking as US, European data approach

Crude oil prices slipped back a little in Asia on Monday, possibly with investors taking some cash off the table ahead of important US and European data.

Saudi capital market gives green light for Aramco’s record initial public offering

Saudi Aramco’s multibillion-dollar share sale, likely the biggest initial public offering (IPO) in history, is officially underway after the company formally announced its plans to list stock on the Kingdom’s stock exchange, the Saudi Tadawul.

Aramco announces plans for giant stock market debut

Saudi Aramco said Sunday it will list on the Riyadh stock exchange in what could be the world’s largest IPO, underpinning Crown Prince Mohammed bin Salman’s ambitions to overhaul the kingdom’s oil-reliant economy.

Saudi Aramco rolls out IPO next week

Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure cornerstone investors.

China approves four new IPOs

China’s securities regulator on Friday approved the Initial Public Offering (IPO) applications of four companies.

Airtel Africa to boost Nigerian equities with N1.4 trillion

Airtel Africa Plc is set to become the third most capitalized quoted company on the Nigerian stock market as the telecommunications company concludes arrangements to list its shares on the Nigerian Stock Exchange (NSE). Nigeria alone accounts for 36% of its total revenue.

Uber set to list stocks at $45 per share amidst drivers’ protests

Uber is set for its Wall Street debut Friday with a massive share offering that is a milestone for the ride-hailing industry and the so-called “sharing economy,” but which comes with simmering concerns about its business model.

Uber’s IPO could raise $10 billion at an $84 billion valuation

Uber has revealed that it’s seeking to generate between $9 billion and $10 billion at its upcoming initial public offering (IPO) through selling 207 million shares — 180 million of which are common stock. An updated SEC filing reveals that the ride-hailing giant is pursuing an IPO price range of between $44 and $50.
SAN FRANCISCO, CALIFORNIA – APRIL 09: A pedestrian walks by the Pinterest headquarters on April 09, 2019 in San Francisco, California. Social sharing site Pinterest is preparing for its initial public offering (IPO) and is planning to offer 75 million shares with a listing price of $15 to $17 per share. Justin Sullivan/Getty Images/AFP

Pinterest prices IPO at $19 to begin trading Thursday

Pinterest on Wednesday announced it would price its initial public offering at $19 a share to begin trading on Wall Street the following day.
Jumia NYSE

Jumia becomes first African start-up to list on New York Stock Exchange

Jumia Technologies, a pan-African technology company, has listed on the New York Stock Exchange (NYSE), becoming the first-ever technology company from Africa to list on the world’s largest stock exchange.

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Yuletide: Combined security agencies to patrol Anambra

Police and other security agencies have begun a joint “visibility patrol” on black spots and other flashpoints in the state ahead of Christmas and New Year.
Chief Executive of Zinox Technologies, Dr Leo Stan Ekeh, has called for adequate funding for the National Space Research and Development Agency (NASRDA), calling it an asset that can enable the much needed socio-economic development that Nigeria seeks

Zinox boss calls for increased funding for space sector

The Chief Executive of Zinox Technologies, Dr Leo Stan Ekeh, has called for adequate funding for the National Space Research and Development Agency (NASRDA), calling it an asset that can enable the much needed socio-economic development that Nigeria seeks.
Real Madrid’s French coach Zinedine Zidane reacts during the Spanish League football match between Sevilla and Real Madrid at the Sanchez Pizjuan stadium in Seville on December 5, 2020. (Photo by CRISTINA QUICLER - AFP)

Zinedine Zidane gets breathing space after Real Madrid benefit from goalie’s howler

Zinedine Zidane had some of the pressure lifted on Saturday when an own goal from Sevilla goalkeeper Bono gave Real Madrid a 1-0 win away to Sevilla.
According to a statement signed by the commissioner of homeland affairs, Samuel Aruwan, the order comes into effect on April 9.

Military, police foil bandits’ attack on Kaduna community

The military and police on Friday night foiled an attack by armed bandits in Kasuwan Magani community, in Kajuru Local Government Area of Kaduna State.
Following the confusion trailing the appeal court in Owerri validating All Progressives Congress (APC) candidate Frank Ibezim as the authentic candidate of the party for the Imo North senatorial bye-election against Senator Ifeanyi Araraume, Peoples Democratic Party (PDP) candidate Emma Okewulonu said he is contesting against two candidates.

Imo North: I’m contesting with two candidates – Emma Okewulonu

Following the confusion trailing the appeal court in Owerri validating All Progressives Congress (APC) candidate Frank Ibezim as the authentic candidate of the party for the Imo North senatorial bye-election against Senator Ifeanyi Araraume, Peoples Democratic Party (PDP) candidate Emma Okewulonu said he is contesting against two candidates.