By Julie Zhu
HSBC has tasked its investment banking joint venture in China as well as CITIC Securities Co Ltd to work on the issuance.
The sale of a minority stake in San Miguel Food and Beverage is part of a restructuring plan announced last year.
The public listing will be accompanied by a private placement to Melco International, an affiliate of the company that operates Studio City.
The almost $100 billion Vision Fund has holdings in companies including ARM Holdings Plc, Uber Technologies Inc., WeWork Cos., Slack Technologies Inc. and General Motors Co.’s self-driving car unit.
Uber is wrapping up the deal after Morgan Stanley and Goldman Sachs Group Inc. told the firm it could be valued at about $120 billion in an IPO next year
Wall Street’s top banks, vying for a coveted underwriting spot on Uber’s IPO, suggest the San Francisco company could produce one of the most valuable offerings ever.
Temasek Financial is offering up to S$200 million to retail investors and another S$200 million to institutional, accredited, and other specified investors.
Last year, the IPO market witnessed an all-time record fundraising of ₹67,147.4 crore with 36 companies hitting the market, according to Prime Database data.
Chinese biotech firm Innovent Biologics is looking to raise up to $422 million in its Hong Kong IPO, three sources said, in what could be the biggest biotech IPO in the financial hub this year. Innovent, which is backed by mutual fund giant Fidelity and Singapore state investor Temasek, has… Read more »
The company last year raised more than $93 billion for its Vision Fund, of which $45 billion came from Saudi Arabia.