World News by Wild Rose

These companies are expected to announce price band declarations and launch plans by November 5, ahead of the extended Diwali holiday period in Gujarat

Ardshinbank OJSC is exploring a potential initial public offering, according to people familiar with the matter, with London among the venues under consideration.

Jio Platforms Ltd.’s $3.1 billion initial public offering drew strong demand, particularly from institutional investors, as the country’s biggest-ever share sale defied the drag of a weeklong selloff in Indian equities.

Canada will struggle to find another stock-market success story like Shopify Inc. as the country grapples with a public-listing drought and a delisting trend, according to Daniel Nowlan at National Bank Capital Markets.

Banque du Caire boosted the stake it’s offering in a long-delayed IPO to 45%, in what would be Egypt’s largest initial public offering in more than a decade.

Kwa Nokeng Oil Holdings Ltd. expanded its initial public offering to 1.66 billion pula ($118 million) after applications for shares exceeded the original offer by about a fifth, as Botswana’s bourse emerges from an almost eight-year drought in new listings.

Investors will become more selective in the near future when it comes to initial public offerings, as rising concern about the spending on the artificial intelligence expansion — particularly data center funding — ripples across the market, according to Citigroup Inc.’s co-head of global equity capital markets.

In a rare move for an Indian initial public offering, SBI Securities is offering a leveraged bet on the deal of Jio Platforms Ltd. — a sign of the intense competition among brokerages as the excitement over the debut is building to a fever pitch.

The enthusiasm for Jio’s IPO stands in sharp contrast to the Reliance group’s recent stock-market performance.

Carlsberg A/S is preparing to publicly file documents for an initial public offering of its India business, which could raise as much as $700 million, as early as this week, according to people familiar with the matter.

Aloke Gupte, Global Co-Head of Equity Capital Markets at Citi, speaks on "Bloomberg The China Show" after his bank claimed top spot for global IPO underwriters for the year through September. (Source: Bloomberg)

DayOne Data Centers Ltd. is weighing options for its US initial public offering, including a potential delay or size cut, amid increasing volatility around data centers. Bloomberg's Manuel Baigorri breaks down the latest reporting. (Source: Bloomberg)

The issue has already drawn $854 million from anchor investors including marquee names such as BlackRock, Fidelity, and Capital Group.

The coming launch of India’s largest-ever initial public offering (IPO) will test investor confidence in the country’s leading telecoms operator, Jio Platforms, the digital arm of billionaire Mukesh Ambani’s Reliance Industries. Jio’s public share offer on Wednesday comes close on the heels of an escalating row between Ambani and Elon Musk. The SpaceX founder has accused the Indian industrialist of using monopolistic influence to block Starlink’s entry into India – a charge Reliance has denied,...

Suzhou Dongshan Precision Manufacturing raised less than expected in its Hong Kong initial public offering (IPO), as investors weighed potential US trade restrictions on its optical modules business amid the city’s cautious appetite for mega listings, analysts said. The company has started taking investor orders for a Hong Kong listing, offering 113.7 million shares at a maximum price of HK$93.80 per share, according to its prospectus on Tuesday. A total of 20 cornerstone investors have agreed...

Mynt President and CEO Martha Sazon says the company will use proceeds from its listing to expand GCash, focusing on lending, financial services, and international markets. She also says Mynt is open to acquisitions and partnerships. She appeared on Bloomberg's Insight with Haslinda Amin. (Source: Bloomberg)

Australia’s market watchdog is gathering information about Firmus Grid Ltd.’s failed initial public offering, though it hasn’t yet opened an official probe.

Shares of Mynt Inc. are set to make their debut Tuesday after the biggest-ever initial public offering in the Philippines, potentially giving global investors a new bet in a market they have ignored for years.

DIP Holding PLC is trying to rustle up demand for the United Arab Emirates’ first initial public offering since the Iran war began by offering investors dividend payouts worth $592 million over the next three years.

Banque du Caire is looking to raise as much as 24.25 billion Egyptian pounds ($454 million) via the sale of a 30% stake, in what would be the North African country’s largest initial public offering in years.

For generations of Indians, Reliance Industries Ltd. was their introduction to the stock market. Founder Dhirubhai Ambani drew middle-income savers into shares, building a following that endured for decades.

Spanish steelmaker Celsa Group has reached out to banks as it weighs strategic options, including a sale or an initial public offering, according to people familiar with the matter.

Dubai Investments Park Development Co. is pushing ahead with plans for what could be the United Arab Emirates’ first initial public offering this year despite the regional war.

City Therapeutics Inc., an early-stage developer of RNAi-based drugs, raised $200 million in a US initial public offering priced at the mid-point of its marketed range.

Aliko Dangote is pushing the expansion of capital markets as Africa’s richest man readies to offer global depository receipts in Egypt.

As Mukesh Ambani prepares for India’s biggest-ever initial public offering, the returns for the early global backers of Jio Platforms Ltd. are looking relatively modest, partly because of the rupee’s relentless multiyear slide.

Anthropic PBC’s third-quarter results may strengthen the case for its expected initial public offering, though they are unlikely to dispel doubts over the global AI trade, according to some investors and analysts.

Anthropic is holding an investor day as it advances plans for a potential IPO at an approximately $2 trillion valuation, amid growing concerns about AI safety and threats. Momei Qu of PSP Growth says market sentiment around AI is shifting quickly as new information emerges. Qu expects discussions to center on the trade-offs between growth and capital expenditures, as well as Anthropic’s anticipated valuation. (Source: Bloomberg)

Yangtze Memory Technologies Corporation (YMTC), China’s leading flash-memory maker, is set to grow revenue six times faster than its industry peers this year as it expands into server-related business ahead of a planned initial public offering (IPO), according to Counterpoint Research. The company’s server-related revenue was effectively zero in 2024, but could account for nearly 39 per cent of its revenue by 2028, according to the market intelligence firm on Tuesday. Much of the momentum is...

There has been a huge popular success for the IPO of the Dangote Refinery now ending on October 27th, 2026, after a 2-week extension. With the escalation of the conflict in the Middle East, the closure of the Strait of Hormuz has caused a surge in global crude prices and, in turn, supply shortages – pushing African and European countries to turn in mass to the Dangote refinery. The leading African producer of crude oil seeks to transform its status to a regional hub for refining and petrochemicals. FRANCE 24's Chinwe Ossundu reports.