Abhinav Ramnarayan
Abhinav Ramnarayan
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China's CPIC boosts IPO market with $1.8 billion London listing

China's CPIC boosts IPO market with $1.8 billion London listing

By , LONDON (Reuters) - Shares in China Pacific Insurance Co (CPIC) rose on their London debut on Wednesday after the company completed the largest fund raising on the London Stock Exchange in three years, sparking hopes of a revival in the market for initial public offerings.This makes it the biggest fundraising exercise in London since AIB in June 2017, according to a London Stock Exchange official. The GDRs were up 2% at $17.96 at 12.00 GMT.“The listing will support our expansion into new markets and facilitate the company in introducing high-quality investors around the world,” said...

June 17, 2020
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How Amsterdam is stealing a march on rivals as Brexit trading hub

How Amsterdam is stealing a march on rivals as Brexit trading hub

By , , , AMSTERDAM/LONDON (Reuters) - All the talk was of Frankfurt or Paris luring London’s financial business as Britain peeled away from the EU. Yet it is Amsterdam that is proving the most visible early winner.Data last week showed the Dutch capital had displaced London as Europe’s biggest share trading centre in January, grabbing a fifth of the 40 billion euros-a-day action, up from below a tenth of trading pre-Brexit.Yet that is just one of several areas the city has quietly stolen a march on its rivals as it attracts businesses from Britain, evoking memories of its history as a...

February 18, 2021
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