Reuters – Alibaba Holdings Inc gave investors a closer look at the scale and growth of the Chinese e-commerce juggernaut in an IPO prospectus filed May 6 in the first step of what could become the largest technology debut in history. Alibaba, which powers four-fifths of all online commerce conducted in the world's second-largest economy, is expected to raise upward of $15 billion and potentially surpass the $16 billion that Facebook Inc managed in 2012. It will become the … [Read more...] about Alibaba embarks on U.S. IPO journey
IPO
Astro shares continue downward trend
Kuala Lumpur – According to a news report by Malaysia’s The Star, Astro Malaysia Holdings Bhd. shares dropped to its lowest closing point yesterday since it was re-listed three weeks ago on October 19. The company closed at RM2.65 and is now down 11.7% from its initial public offering (IPO) price of RM3. At present, it is unclear which parties have been selling down shares of Astro. So far, there has been no news of major shareholders selling off their stakes and no filings have been … [Read more...] about Astro shares continue downward trend
Astro Malaysia debuts on Bursa Malaysia
Kuala Lumpur, Malaysia – Astro Malaysia Holdings Berhad (Astro Malaysia) has listed on the Main Market of Bursa Malaysia Securities Berhad (Bursa Malaysia) under the “Trading/Services” sector. The market capitalisation of Astro Malaysia, based on the initial public offering (IPO) price of RM3.00 per share, was RM15.6 billion. Total amount of funds raised is approximately RM4.6 billion, of which the amount raised by the company is RM1.4 billion. Total demand for the … [Read more...] about Astro Malaysia debuts on Bursa Malaysia
Malaysia’s Astro to raise RM5.5B in IPO
Malaysia – Pay-TV operator Astro Malaysia Holdings Bhd is offering up to 1.52 billion shares—which could be worth about US$1.75 billion (RM5.5 billion)—in its initial public offering (IPO) this year. This is Malaysia’s third largest listing this year, after Felda Global Ventures Holdings Bhd (RM9.93 billion raised in June) and IHH Healthcare Bhd (RM6.3 billion raised in July), according to The Star Online. In an updated prospectus exposure released last … [Read more...] about Malaysia’s Astro to raise RM5.5B in IPO
Intelsat to raise US$1.75 billion in IPO
Intelsat Global Holdings S.A., which established the first commercial global satellite communications system in 1965, has filed with U.S. regulators last week to raise up to $1.75 billion through an initial public offering (IPO) of its common stock. The company will change its name to Intelsat S.A. before listing in the New York Stock Exchange. For more than 45 years, Intelsat has been delivering information and entertainment for many of the world’s leading media and network … [Read more...] about Intelsat to raise US$1.75 billion in IPO
