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.
Life science research company Bio-Rad Laboratories Inc. on Monday was hit by the U.S. Securities and Exchange Commission and U.S. Department of Justice with foreign bribery charges as part of a $55 million settlement to resolve probes centering on $7.5 million in improper payments to Russian, Vietnamese and Thai officials to win business.
Private equity-backed clinical trials company PRA Health Sciences Inc. set terms on Monday to raise $400 million in its initial public offering as it aims to pay down debt and potentially expand its clinical development offerings in emerging markets.
Cnova NV on Friday priced its initial public offering at $335 million to $375.2 million, which would value the company at about $5.8 billion at the midpoint of the range, amid analysts' findings that the global e-commerce company enjoys solid business volume but low margins.
For all its hype and catchy name, the federal law known as the JOBS Act has barely moved the needle for U.S. capital markets, according to a trove of new academic research, as the cost of going public has yet to budge and the simpler IPO process has spurred only a handful of companies to offer stock that likely wouldn’t have done so otherwise.
Italy's Banca Monte dei Paschi di Siena SpA said Sunday that it is planning a capital increase to fully cover the €2.1 billion ($2.6 billion) capital shortfall that European regulators identified last week at the troubled bank after it failed a comprehensive test of its financial health.
Norwegian Cruise Line said Monday that it will issue a private offering of $680 million in unsecured notes due 2019, in order to fund a portion of its $3 billion acquisition of Prestige Cruises International and refinance some of the target's debt.
Argentina on Thursday defaulted on its debt for the second time since July when it failed to make a coupon payment on $5.4 million in par bonds issued under foreign law, thus raising the danger of acceleration and economic collapse.
New issuers seemed to catch a break during the final week of October, a change in pace from the drag on U.S. initial public offering activity caused by volatility in the stock market at the beginning of the month, suggesting the downturn was just a blip, experts say.
Media General Inc. will sell $400 million in senior unsecured notes to back its $1.6 billion acquisition of LIN Media Inc., the company said Friday, after receiving a conditional green light for the combination from the U.S. Department of Justice earlier in the week.
Two men were sentenced Thursday in Ohio federal court for their parts in a $24 million wire fraud scheme involving nonexistent hedge funds and Iraqi currency sales, according to the U.S. attorney's office.