Cosentino, the Spanish giant that owns Silestone, has hired the services of Goldman Sachs and JPMorgan as global coordinators to prepare its IPO this year, according to market sources quoted by the newspaper Expansión.The family group from Almeria, manufacturer and distributor of surfaces – countertops, flooring, paving, etc. – for the housing, architecture and design sectors, is targeting next summer for its debut on the stock exchange, although the timetable…
Karl Schmedders & Patrick Reinmoeller via The Conversation| Stock markets reached all-time highs in 2021, bringing huge value to the companies riding the wave, even when you allow for the dip in recent weeks. We are also in the midst of a boom year for flotations, with many boards taking advantage of investor enthusiasm for shares. Yet companies have been delisting from the stock market in even larger numbers, and,…
Baker McKenzie | H1 2021 saw a surge in IPO activity, driven by high liquidity, investor enthusiasm and the rise of SPACs. Capital raising during H1 2021 reached historic highs at over USD 290 billion, the first time that over USD 200 billion was raised during the first half of any year. This reflects a 220% year-on-year increase in capital raising. Deal volume also grew at a strong 143% year-on-year…
T.C. | The global IPO market saw 430 deals in the first three months of the year, raising $105.6 billion, up 85% and 271% year-on-year, respectively, according to EY’s Global IPO Trends Q1 2021 report, which notes how attractive market conditions have led to the best start to IPOs in the last 20 years.
T.C. | Acciona approved yesterday the spin-off of its green energy subsidiary, Acciona Energía, in order to float up to 30% of the capital of this subsidiary, which the press and some Spanish analysts want to value at 12 billion euros, although on 31 March Acciona’s capitalisation on the Spanish stock market was “only” 8 billion euros. The deal could allow Acciona to reorganise and reduce its debt, which currently stands at 6.858 billion euros, of which 2 billion euros matures this year.
In Europe as well as in the US and Asia, IPO activity is picking up again after the 2020 shortage. We review below the most important expected listings throughout the year, which are coming to brighten up the markets. Specifically, the London Stock Exchange is planning the debut, in the next few days, of the fast food delivery company Deliveroo, in what will be the largest IPO in the last decade.
2020 has been a historic year in many ways and when it comes to IPO activity, it is no different. This year, the world has seen the highest IPO capital raising activity in a decade, with USD 331 billion raised across 1,591 listings.
Mari Pinardo | Soltec has launched the first initial public offering in Spain in two years, and with unquestionable success: it was trading at 4.8 euros at the end of October and in mid-December the share price had risen to 7.62 euros. In 2019, the firm supplied 9% of the solar trackers installed worldwide, and it occupies the 3rd position in the global accumulated amount. We talked to CEO, Raul Morales.
Olga Cam and Mohammad Rajjaque via The Conversation | The travel and tourism industry is hopeful for a much faster recovery than other market segments. There are two reasons for this: first, there is a psychological demand for travel and holidays after a very long lockdown. Second, the availability of cash. The Airbnb IPO seems to be boldly positioned right at the expected beginning of the recovery in Europe and the improving market conditions encouraged last minute share issue price.
Daniel Broby via The Conversation | In a surprise last minute decision, the flagship stock exchange listing of Ant Group was suspended by regulators in China and Hong Kong. The Chinese tech giant, backed by Alibaba billionaire Jack Ma, was to be the biggest initial public offering (IPO) in history. The suspension puts in doubt the future of the US$34.4 billion share sale, part of the US$313 billion dual listing of this giant financial technology (fintech) payments company.