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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.

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.

Uber seeks $10 billion IPO, scales back value target

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

Pinterest IPO pricing values company at least $1 billion lower than last fundraising

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.
Grindr

US pushes Chinese owner of Grindr to divest the dating app

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.
SAHCO

Olaniyi Adigun: SAHCO’s listing’ll broaden access to capital

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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