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The Stock Exchange of Hong Kong had an exuberant year in 2006 when it listed sixty-two companies. The listing of the Industrial and Commercial Bank of China Limited on its Main Board earned the exchange the enviable status of being home to the world's largest initial public offering. The HK$333.2 billion in initial public offering capital raised during the year propelled it to the position of second among global exchanges, behind London but ahead of New York. This Article examines an increasingly common feature of initial public offerings in Hong Kong, namely, the introduction of "cornerstone investors" whose participation enhances the general receptiveness to a stock offering. This approach does have a significant downside, however. The new category of "cornerstone investor" may not be...
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MIAMI -- Perry Ellis International, Inc. (NASDAQ: PERY) ("the Company") announced today that it intends to offer, subject to market and other conditio...
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CHICAGO -- Ventas, Inc. (NYSE: VTR) ("Ventas" or the "Company") announced today that it plans to offer 8,500,000 shares of its common stock in an unde...
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First the good news on initial public offerings: the world's financial markets are coming off a record-setting year.
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The over-hyped Facebook IPO that fell flat last week has drawn the wrath of angry investors and brokers.
The frenzy that attended one of the most anticipated public offerings in stock market history has been replaced by finger- pointing and accusations from those who dived in, and relief from those who didn't.
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Boot up, daredevil day traders.
A slew of local companies are testing the waters for IPOs.
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While the initial wave of modern Islamic banking focused on the retail side of the business, investment banks are the new trailblazers. US and European banks are bidding for Shariah-compliant tranches of major financings to repackage as investment funds. Meanwhile, the oil-rich countries of the Middle East offer a pool of liquidity that is a big draw for financiers and companies seeking to raise capital. Dubai Ports World's takeover of UK-based port operator P&O last year was financed in part with Islamic "bonds," or sukuk, that were oversubscribed more than four times, receiving a total of $11.4 billion in bids. Saudi Arabia is swarming with investment bankers who are eager to bring to market the next batch of initial public offerings to deepen the Saudi stock market. While oil is ...
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Expected $312 Million in Proceeds from Warrant Sale Would Bring Cumulative Profit for Taxpayers on TARP Investment in Citigroup to $12.2 Billion
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The New York Stock Exchange's plan to merge with Deutsche Borse, while promising more efficiency for investors in global stocks, may hurt small U.S. enterprises that are finding it increasingly difficult to tap into the stock market so they can grow and create jobs.
The move accelerates a trend of stock exchanges becoming more focused on the profitable trading in stocks of big global corporations at the expense of smaller companies trying to tap the market for the first time with initial public offerings (IPOs), stock analysts say.
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Internet companies may have dominated the news of new public stock offerings, but it was a traditional bricks-and-mortar retailer from Pittsburgh that stole the top spot for stocks debuting in 2011.
GNC Holdings Inc., a seller of vitamins and other nutritional products, has had its stock price jump more than 80 percent this year since its initial public offering on April 1 on the New York Stock Exchange.