Virgin Money Holding PLC took its London initial public offering plans off hold and aims to float by the end of the month, the U.K. lender said Tuesday, highlighting returning confidence for new issuers after turbulent market conditions in October thwarted several public debuts.
General Motors Co. said Tuesday that it will issue notes to help pay for its $3.9 billion buyback of preferred shares, marking the automaker's latest effort to seize low interest rates and revamp its balance sheet five years after exiting bankruptcy.
A group of exchanges facing charges they gave preferential treatment to high-frequency traders fired back against investors in New York federal court Monday, arguing that the allegedly illegal conduct they engage in has been approved by the U.S. Securities and Exchange Commission.
Swedish outdoor sporting goods vendor Thule Group said Tuesday that it plans to list on the Nasdaq Stockholm exchange in an initial public offering, confident about the business strategy it developed under private equity firm Nordic Capital.
A California federal judge on Friday trimmed a consolidated investor class action alleging data storage firm Violin Memory Inc. made false or misleading statements ahead of its $146 million initial public offering last year by concealing the company’s product development and revenue problems.
The Hong Kong market for initial public offerings is the most stable it’s been in years, leaving it on track to see a record number of new issues, but with its chief competitors — the U.S. and London markets — back up and running as well, it is facing new competition after years of easily leading the pack.
Argentina on Monday asked the Second Circuit to overturn a federal judge’s finding that it is in contempt of court for taking steps to evade his orders that bondholders who agreed to debt restructurings can only be paid if holdout hedge funds are also compensated.
NorthWestern Corp. said Monday that it plans to offer up to $400 million of its common stock and will use the cash to help finance its $900 million purchase of 11 hydroelectric facilities from PPL Corp. unit PPL Montana LLC.
IntercontinentalExchange Group Inc. is pushing forward with its expansion into Asia and expects operations to kick off in Singapore in early 2015, it said Tuesday, about a year after it took over the Singapore Mercantile Exchange and its clearing house network.
American International Insurance Corp., the insurance heavyweight that has returned to profit as a slimmed-down company after its government bailout, stepped up its stock repurchase program Tuesday after reporting a $2.2 billion quarterly profit, adding to Wall Street’s buyback surge.
China's leading car services provider and No. 2 car rental company eHi Car Services Ltd. fine-tuned its U.S. initial public offering Monday with the help of O’Melveny & Myers LLP, setting terms to raise $130 million to expand its fleet and service network.
HSBC Holdings PLC said Monday that it has set aside $378 million to cover a potential settlement with British financial regulators over its alleged involvement in a scheme to manipulate the foreign currency market, joining a parade of global financial powerhouses that appear to be gearing up for a deal.
South African gold producer AngloGold Ashanti Ltd. said Monday that it’s considering selling off more mines as it works to cut debt and rebalance its books after shareholders in September rejected a capital-raising plan proposing a $2.1 billion share sale.
German technology incubator Rocket Internet AG told the Frankfurt Stock Exchange on Friday it raised €1.4 billion ($1.75 billion) through its initial public offering, failing to secure the €1.6 billion it anticipated following a bumpy month that saw shares dip after going public.
Apple is expected to roll out its first-ever nondollar bond issue as soon as Tuesday, while Thai energy drink maker Carabao is looking to float 25 percent of its shares to raise about $215 million.
Bidvest Group Ltd. said on Monday that it will not list its food services business on the London Stock Exchange, less than two months after the South African conglomerate said the unit's strong performance had it considering such a move.
The U.S. Securities and Exchange Commission on Monday said it hit 13 firms, including Charles Schwab & Co., J.P. Morgan Securities and TD Ameritrade, with various financial penalties for what it called improper sales of high-risk Puerto Rican debt from a $3.5 billion offering in amounts lower than a $100,000 minimum denomination.
Blackstone Group LP will slash its stake in hotel operator Hilton Worldwide Holdings Inc. by as much as $2.63 billion in a secondary offering of the company's shares in New York, further cementing what has been a lucrative investment for the private equity giant, according to a regulatory filing Monday.
Two biotech firms — Parkinson’s disease treatment developer NeuroDerm Ltd. and gene therapy developer Xenon Pharmaceuticals Inc. — polished their initial public offering plans Monday as the market kicks back into gear following a rocky October.
Low-cost airline Virgin America Inc. is hoping its promise of more leg room will help its stock take off, pricing an initial public offering Monday that seeks up to $368 million to fund growth plans into new markets.