Europe's IPO market is heating up as tech unicorns reach maturity and look to go public on European exchanges.
UBS plans to focus on growing its merger and IPO advisory business over the next few years to offset industry-wide headwinds in trading, people with knowledge of the matter said.
The enforcement chief of Hong Kong’s securities regulator said some sponsors of initial public offerings in the city have been “extremely reckless,” signaling more penalties to come after the regulator slapped a ban on UBS’s local unit this month.
Saudi Aramco could first issue stock on its home stock market and privately place shares in the hands of big Asian investors before facing the complexity of listing on an international stock exchange.
UBS has told staff that it is “business as normal”, after the Swiss bank revealed on Friday it is fighting an 18-month suspension in Hong Kong from leading initial public offerings (IPOs).
Hong Kong’s securities regulator has blocked UBS from sponsoring initial public offerings for 18 months, the Swiss bank said in its annual report released on Friday, adding it planned to appeal against the decision.
BlackRock, George Soros and big sovereign wealth funds are among investors expressing interest in buying stakes in the initial public offering of Deutsche Bank’s asset management arm, a person familiar with the matter said on Tuesday.
Several Chinese tech unicorns are angling to go public in 2018. Investors are sizing up the prospects as global exchanges compete for listings.
London has made it onto the shortlist for potential listing venues for Saudi Aramco, as the state-backed oil giant looks to list in late 2018, according to reports.
While it's been a muted year for tech IPOs, the companies that have gone public are all paying close attention to Amazon.
There's been talk about some tech companies like Palantir and Uber going public, but if this market volatility continues into next year, they may have to drop their prices dramatically or postpone their IPOs.
Saudi Arabia's king in waiting says the stock market debut for the kingdom's oil giant Aramco will go forward by early 2021.
Hong Kong's booming IPO market is set to reach more than 300 billion Hong Kong dollars ($38.4 billion) in 2018, according to consultancy KPMG. The city continues to attract mainland Chinese companies and is likely to finish the year as the world's top market for new listings.