World News by Wild Rose

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.

South Korean neocloud-service provider Elice Inc.’s shares rose for a second straight day, climbing above their IPO price and suggesting investors remain committed to the AI trade despite surging industry spending.

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 growing popularity of Chinese artificial intelligence models has emerged as a key risk factor for Anthropic ahead of its blockbuster initial public offering, according to US research firm Hedgeye Risk Management. “It’s all about Chinese competition when analysing Anthropic,” said Felix Wang, managing director and global tech sector head at Hedgeye. “Many of my clients are asking the same question.” The assessment comes as Anthropic faces renewed investor jitters over whether its massive AI...

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.

Iambic Therapeutics Inc. shares soared 16% in its trading debut after the clinical-stage cancer drugmaker and technology firm raised $150 million in a US initial public offering.

Anthropic PBC should pause its initial public offering until it has fully addressed risks around the safety, governance and pace of development of artificial intelligence, according to New York City’s comptroller.

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.