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initial public offering
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 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 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.
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 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 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 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.
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 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 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.
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 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.
Uber is seeking to raise some $10 billion in what would be the largest stock offering of the year, with details coming this week, the Wall Street Journal reported Wednesday.
Pinterest has announced a price range for its upcoming initial public offering of stock that would value the company more than $1 billion below its last venture capital round in 2017.
Chinese gaming company Beijing Kunlun Tech Co is seeking to sell Grindr, the popular gay dating app it has owned since 2016, after a U.S. government national security panel raised concerns about its ownership, according to people familiar with the matter.
Following its recent Initial Public Offering (IPO) on the floor of the Nigerian Stock Exchange (NSE), the Executive Director, Sales and Marketing, Skyway Aviation Handling Company Plc (SAHCO), Olaniyi Adigun, has said the process will broaden the company’s access to capital to fund future growth plans and initiatives.
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The newly formed National Consultative Front (NCF) has said it was yet to metamorphosed into a political party but remains a meeting of like minds to chart a way of getting the country out of the wood.
The Federal Government has warned federal civil servants against flouting the workplace guidelines put in place to flatten the curve of coronavirus pandemic in the country.
A former Secretary to Enugu State Government and former Rector Nigerian Defence Academy (NDA), Kaduna Prof Samson Ukpabi is dead.
US Sunbelt mayors warned Sunday that their cities are at risk of being overwhelmed by a surge of coronavirus cases as they pushed back against US President Donald Trump’s attempt to minimize the gravity of the spreading virus.
Gov. Oluwarotimi Akeredolu of Ondo State has approved the appointment of Mr Oluwole Moneyin and Mrs Charity Thiti, as Special Assistants on special duties and women mobilisation respectively.
American rapper Kanye West, a vocal supporter of U.S. President Donald Trump, announced on Saturday that he would run for president in 2020 in an apparent challenge to Trump and his presumptive Democratic rival, former Vice President Joe Biden.
The Daily Express says the Ligue 1 Champions are monitoring Bellerin situation and could leave the Emirate Stadium in the summer having spent nine years with the Gunners.
The independent oil marketers operating under the aegis of the Private Depot of Oil and Gas Marketers Association of Nigeria (PDOGMAN) has impressed on the federal government the need to embark on full deregulation of the downstream sector of the nation’s oil and gas industry, saying this would benefit the economy on the long run.
Real Madrid boss Zinedine Zidane has reacted to Lionel Messi’s Barcelona exit talks after his side slim win over Getafe on Thursday evening.
The Independent Corrupt Practices and other Related Offences Commission has ordered the relocation of solar street lights from private residents in Ilorin, Kwara State.