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The text discusses the achievements of various financial institutions in Latin America in 2023. BBVA was named the Best Bank in Latin America and also received individual awards for best bank in Colombia and Mexico. The bank's digital innovations played a significant role in its success, attracting over 11 million new customers and increasing its market share in loans. BofA Securities retained the title of Latin America's best investment bank, while Banco Santander CIB excelled in financing, particularly in Brazil. Nubank, BTG Pactual, BNP Paribas, and Banco Santander are also making significant strides in the Latin American banking industry. The text also highlights the achievements of other banks in different countries, such as Banreservas in the Dominican Republic, Banco Macro in Argentina, Banco Mercantil Santa Cruz in Bolivia, and Interbank in Peru. BBVA Mexico has seen growth in its market share and financial results, while BBVA as a whole remains well-prepared to maintain its dominance in the Mexican banking industry. [Extracted from the article]

HSBC has been named Asia's best bank for the second consecutive year, thanks to its strong presence in Hong Kong and China. The bank's focus on Asia has led to increased profits and new income streams. Citi has been recognized as the best investment bank in Asia, excelling in debt capital markets and mergers and acquisitions. UOB dominates SME banking in Singapore and Southeast Asia, while Morgan Stanley is the best bank for advisory in Asia. Other notable banks include Sampath Bank in Sri Lanka, Afghanistan International Bank, Commonwealth Bank of Australia, BofA Securities, Eastern Bank in Bangladesh, UCB Investment, ICICI Bank in India, Bank of Maldives, and Hatton National Bank in Sri Lanka. In Singapore, UOB is named the best bank, and Morgan Stanley is the best investment bank. In Taiwan, CTBC Bank is the best bank, and Citi is the best investment bank. Kasikornbank is Thailand's best bank, and JPMorgan is the best investment bank. Finally, Techcombank is Vietnam's best bank, and SSI Securities is the best investment bank. [Extracted from the article]

This document provides a summary of the achievements and activities of several banks in the Middle East. First Abu Dhabi Bank (FAB) had a successful year, with a net profit of $4.5 billion in 2023, up 56% from the previous year. FAB engaged in various partnerships and initiatives, including issuing the largest ever tier-2 bond by a UAE lender and committing to a net-zero future. HSBC dominated the region's debt capital markets and secured back-to-back bond mandates with multiple sovereigns. JPMorgan excelled in the Kingdom of Saudi Arabia and outbound transactions. Citi is a leader in providing transaction services in the Middle East, while Emirates NBD Private Banking has been recognized for its wealth management services. Al Salam Bank's mobile application is the highest-rated banking application in Bahrain, and Sico Bank is named the best investment bank in Bahrain. Commercial International Bank (CIB) is the best bank in Egypt, Bank Leumi is the best bank in Israel, Arab Bank is the best bank in Jordan, Kuwait Finance House is the best bank in Kuwait, and Sohar International Bank is the best bank in Oman. Bank Muscat in Oman had a successful year in investment banking, and QNB in Qatar dominated the banking sector. Al Rajhi Bank in Saudi Arabia achieved its growth targets. Each bank received recognition in various categories, such as best digital bank and best bank for SMEs. [Extracted from the article]

Chinese bubble-tea makers are considering Hong Kong IPOs, with ChaPanda recently debuting as the largest IPO of 2024 so far. However, the market struggled to digest the offering, and the stock price plummeted on the first trading day. The absence of global institutional investors in these deals has changed the IPO process, with issuers turning to their existing networks for funding and investment bankers losing their pivotal role. Despite the challenges, there are signs of positive change, with US dollar institutional investors reevaluating Hong Kong deals and an increase in the number of IPO projects launched. Chinese bubble-tea companies are following ChaPanda's footsteps to Hong Kong listings, emphasizing profitability and franchise-based business models. The article discusses the reasons why profitable companies like ChaPanda are rushing to list in the Hong Kong market. One reason is the pressure from investors, who have the right to resell their shares back to the company if certain milestones, like an IPO, are not met. Another reason is the fierce competition in the franchise model, which forces brands to aggressively vie for partnerships and sacrifice margins for growth. Additionally, companies are looking beyond China and using Hong Kong as a launching pad for branding in other Asian markets. However, Hong Kong faces challenges with liquidity and lengthy filing processes for IPOs. The article also mentions the involvement of multiple regulators and the use of variable interest entity (VIE) structures by Chinese startups. The outcome of ChaPanda's IPO journey could serve as a bar [Extracted from the article]

India is experiencing an influx of global money as investors take advantage of its strong stock market and growing economy. Gift City, a financial hub in Gujarat, is attracting investors due to its ease of investing and incentives such as tax breaks. Private banks are expanding their operations in India to meet the growing demand for wealth management services. At the same time, wealthy Indians are moving their wealth offshore, with Dubai being a popular destination. Factors such as demonetization, the COVID-19 pandemic, and a growing interest in financial assets have contributed to the growth of India's wealth market. [Extracted from the article]

Japan's economy had a strong year in 2023, with high growth rates, increased share prices, and a return of price growth and inflation. The country is attracting global corporate and financial institutions, with rising foreign direct investment and record-high stock prices. Japan is becoming an attractive option for manufacturers looking to diversify from China, and the equity capital markets are seeing increased activity. The IPO market is expected to remain strong in 2024, particularly in sectors like semiconductors, technology, and heavy manufacturing. Japanese corporates are active in M&A deals, with a focus on consumer goods, healthcare, and technology. Private equity firms are also playing a significant role in Japan's M&A market, although the data on deals and exits is mixed. The article discusses the potential growth of the private equity industry in Japan. Japan's economic revival is driven by factors such as the lifting of Covid restrictions, reshoring of global firms, and financial and corporate reforms. However, challenges like fiscal sustainability and a demographic crisis remain. The article suggests that Japan's reform efforts and geopolitical tensions between the US and China have attracted global investors to Japanese assets. Overall, the article presents a cautiously optimistic view of Japan's economic prospects. [Extracted from the article]

Chinese investment banks in Hong Kong are facing challenges due to liquidity issues in the market. However, they are optimistic about China's economic pivot and the rise of the renminbi as a fundraising currency. The Hong Kong IPO market peaked in 2021 but has since declined due to factors such as the tech crackdown and geopolitical tensions. There is potential for a resurgence in the market if startups redirect their listings from Shanghai to Hong Kong. The issue of liquidity remains a concern, but Chinese investors, including government-backed funds, have filled the void left by foreign investment banks. The Hong Kong Stock Exchange is taking steps to enhance its competitiveness, including exploring dual-listings and opening offices in London and New York. Chinese investment banks in Hong Kong, such as Haitong International, Bank of Communications International, and Everbright Holdings, have faced financial losses and need to improve risk management practices. However, there are opportunities in renminbi-denominated bonds and asset and wealth management. Despite the challenges, Hong Kong's financial sector continues to attract capital inflows and remains a significant player in the industry. [Extracted from the article]

Fidelis Insurance Group CEO Dan Burrows and Fidelis MGU counterpart Richard Brindle speak with Insurance Insider after the IPO. [ABSTRACT FROM AUTHOR]

Premier Energy, a Romanian energy company, has set an indicative price range of RON 19 - RON 21.5 per share for its upcoming initial public offering (IPO) in Bucharest. The IPO could raise up to RON 907 million ($196m) if the over-allotment option is exercised. The offering includes new shares, existing shares to be sold by majority shareholder EMMA Capital, and over-allotment shares also provided by EMMA. After the IPO, EMMA Capital will remain the majority shareholder, owning 67% - 71% of the firm. The proceeds from the IPO will be used to acquire renewable assets in Romania and Moldova and for capex on renewable energy asset development. The offer period begins on 8 May and ends on 15 May, with shares expected to start trading on 27 May. The IPO is open to both Romanian and international investors. [Extracted from the article]

Recent developments from SEBI could be the start of a slew of measures to attract international companies to consider India as a secondary listing option [ABSTRACT FROM AUTHOR]

Helios Towers, a tower company, has completed a secondary placing of shares in which Newlight Partners and RIT Capital Partners sold a combined £43.2 million ($54.8m) of stock. This is the first time both sellers have disposed of their interest in the company since its initial public offering in 2019. The sale will not dilute the shares as no new shares have been issued, and the proceeds will go directly to the sellers. The sale is expected to be settled on June 21, 2024, and includes a 90-day lock-up period. The number of shares being placed with institutional investors will be determined after the bookbuilding process. [Extracted from the article]

Romanian company Premier Energy Group and Greece's Motor Oil Renewable Energy (MORE) have reached an agreement to purchase an 86MW solar project portfolio in Buzău County, Romania. The portfolio includes two solar projects with a combined capacity of 86MW and 18MWh of energy storage capacity. Premier Energy's subsidiary, Alive Capital, will oversee the development activities, with commissioning expected in the second half of 2025. This marks MORE's first investment in the Romanian renewable energy market. The transaction is subject to customary competition and foreign direct investment approvals. [Extracted from the article]

Regulatory changes, market stability and political certainty will be key to improve the London Stock Exchange's competitiveness [ABSTRACT FROM AUTHOR]

The shares are being sold by select shareholders in the group. [ABSTRACT FROM AUTHOR]

Citicore Renewable Energy Corp (CREC) has made its debut on the Philippines Stock Exchange (PSE) through an initial public offering (IPO), raising P5.3 billion ($90.3m). The company offered about 1.786 billion common shares, with a 10% overallotment option of 178.57 million secondary shares. The IPO received support from the UK Government's MOBILIST program, which aims to assist infrastructure development and green transmission in the Philippines and Southeast Asia. The funds raised will be used to finance CREC's capital expenditure and add 1GW of renewable energy to its portfolio each year for the next 5 years. [Extracted from the article]

Singhania & Co lawyers provide a guide for companies aspiring to list on India's main board [ABSTRACT FROM AUTHOR]

The European Bank for Reconstruction and Development (EBRD) has acquired a 3.2% stake in Premier Energy, a Romanian utility, through its initial public offering (IPO) on the Bucharest Stock Exchange. The IPO consisted of new shares, existing shares from majority shareholder EMMA Capital, and over-allotment shares. EBRD's investment of RON 77 million was crucial in attracting other investors to the IPO. Romanian pension funds managed by NN Group also purchased a 5.92% stake in the company. Premier Energy aims to raise €100 million ($108.7m) to acquire renewable energy assets in Romania and Moldova and invest in asset development. The company is the third largest natural gas distributor and supplier in Romania and the largest electricity distributor and supplier in Moldova, serving approximately 2.4 million clients. [Extracted from the article]

Saudi Aramco has completed the acquisition of a 40% stake in Gas & Oil Pakistan (GO), marking its first downstream investment in the country. The deal was approved by the Competition Commission of Pakistan and allows Aramco to expand its presence in Pakistan's retail fuel market. This acquisition also provides Aramco with additional outlets for its refined products and Valvoline-branded lubricants. Aramco has been actively expanding its global retail operations, with recent acquisitions in Chile and a secondary public offering that could raise around $12 billion. [Extracted from the article]

Saudi Arabia is planning to launch a second offering of shares in its oil company, Aramco, in June 2024. The stake sale is expected to raise around $12 billion and is part of the country's efforts to diversify its economy. The pricing of the shares will determine the final revenue, which is estimated to be between $10 billion and $13.1 billion. The IPO includes an option to sell additional shares to stabilize the offer price. The funds raised are likely to benefit the Public Investment Fund of Saudi Arabia. [Extracted from the article]

Brookfield Renewable Holdings is in talks to acquire a majority stake in French renewable developer Neoen, valuing the company at €6.1 billion ($6.6bn). Brookfield is offering €39.85 per share, a premium of 26.9% over the last closing price. The selling shareholders include Impala, ISALT-managed Fonds Stratégique de Participations, Céleste Management, Cartusiai and Xavier Barbaro, and Mosca Animation Participations et Conseil. Brookfield plans to fully own Neoen and accelerate its development in the renewables sector. Neoen has an 8GW portfolio of wind, solar, and energy storage assets and a pipeline of 20GW of development projects. [Extracted from the article]

Indian renewables developer Continuum Green Energy (CGEL) is planning to raise funds from institutional investors ahead of its IPO this year. The company is in talks with two global PE funds, Global Environment Fund and Just Climate, and could potentially raise $150 million, increasing its valuation to $1 billion. CGEL's current majority shareholder, Clean Energy Investing Limited (CEIL), owned by Morgan Stanley Infrastructure Partners, will increase its stake to 74% following a share purchase and subscription agreement. CGEL's operating capacity will increase to 2.3GW by the end of May 2024, with the commissioning of several new projects. [Extracted from the article]

Citicore Renewable Energy Corp (CREC) has lowered the offer price of its common shares by 30.4% ahead of its initial public offering (IPO) in the Philippines. The final offer price is now P2.70 ($0.046) per share, down from the previous amount of P3.88 per share. The IPO, valued at P5.5 billion, is scheduled for June 7th and will help finance Citicore's renewable energy projects in the Philippines. CREC is the second company to go public in the country this year. [Extracted from the article]

Abu Dhabi National Oil Company (ADNOC) has completed the placement of 880 million shares in ADNOC Drilling to institutional investors. This represents a 5.5% stake in ADNOC Drilling's share capital and was priced at AED 3.90 ($1.06) per share, equivalent to $935 million. ADNOC continues to hold a majority 78.5% shareholding in the company and has agreed to a restriction from selling further shares for 6 months. The offering was made to enhance liquidity and potentially allow ADNOC Drilling to be included in the MSCI Emerging Market Index. [Extracted from the article]

From here on out, insurers will likely have to rely on the strength of their individual stories. [ABSTRACT FROM AUTHOR]

Premier Energy has priced its initial public offering (IPO) in Bucharest at RON 19.5 per share, resulting in a market capitalization of RON 2.4 billion ($532.6m). The IPO consists of 25 million new shares, 6.25 million existing shares held by majority shareholder EMMA Capital, and 4.69 million over-allotment shares. The offering received strong demand from both retail and institutional investors in Romania and internationally. After the IPO, EMMA Capital will retain a 71.25% stake in the company. The proceeds from the IPO will be used to acquire renewable energy assets in Romania and Moldova and for asset development. Premier Energy is a major natural gas and electricity distributor and supplier in Romania and Moldova, serving approximately 2.4 million clients. [Extracted from the article]

Armand Lumens has been appointed as the CFO of MidOcean Energy, bringing with him over 30 years of experience in various areas such as M&A, private equity, and risk management. Prior to joining MidOcean, Lumens served as the group chief executive of Nepture Energy for 5.5 years and spent over 24 years at Shell in various positions, including global CFO of Shell trading and supply. MidOcean Energy has recently made deals including the acquisition of a 20% stake in SK Earthon's Peru LNG and a strategic investment from Mitsubishi to create a diversified, global integrated LNG company. MidOcean Energy is based in Washington and is managed by energy and infrastructure investor EIG. [Extracted from the article]

REGIONAL AWARDS BEST BANK • HSBC BEST INVESTMENT BANK • MORGAN STANLEY BEST BANK FOR ADVISORY • GOLDMAN SACHS BEST BANK FOR FINANCING • MORGAN STANLEY BEST BANK FOR WEALTH MANAGEMENT • DBS BEST BANK FOR SMEs • UOB BEST DIGITAL BANK • KAKAOBANK BEST BANK FOR TRANSACTION SERVICES • CITI BEST BANK FOR CORPORATE RESPONSIBILITY • BANK OF THE PHILIPPINE ISLANDS BEST BANK FOR SUSTAINABLE FINANCE • HSBC BEST BANK Football clubs undergoing a period of transition often talk of needing a transfer window or two to get where they need to be. THAILAND BEST BANK SIAM COMMERCIAL BANK BEST INVESTMENT BANK KIATNAKIN PHATRA SECURITIES Siam Commercial Bank's (SCB) tag line is to "be a better bank". MACAU BEST BANK INDUSTRIAL AND COMMERCIAL BANK OF CHINA MACAU Industrial and Commercial Bank of China may not be the largest bank in Macau - that honour goes to Bank of China - but it was the most successful in the past year. TAIWAN BEST BANK CTBC BANK BEST INVESTMENT BANK GOLDMAN SACHS CTBC Bank remains the firm to beat in Taiwan's financial sector. INDONESIA BEST BANK BANK MANDIRI BEST INVESTMENT BANK CREDIT SUISSE In Indonesia's dynamic and competitive banking industry, one bank stood head and shoulders above the rest over the last year. [Extracted from the article]

OMAN BEST BANK BANK MUSCAT BEST INVESTMENT BANK SOHAR INTERNATIONAL Bank Muscat is once again Oman's best bank in Euromoney's awards. REGIONAL AWARDS BEST BANK EMIRATES NBD BEST INVESTMENT BANK BEST BANK FOR ADVISORY CITI BEST BANK FOR FINANCING BEST BANK FOR TRANSACTION SERVICES HSBC BEST BANK FOR WEALTH MANAGEMENT UBS BEST BANK FOR SMEs ARAB BANK BEST DIGITAL BANK MASHREQ BANK BEST BANK FOR CORPORATE RESPONSIBILITY NATIONAL BANK OF KUWAIT BEST BANK FOR SUSTAINABLE FINANCE FIRST ABU DHABI BANK BEST BANK Once again, Emirates NBD walks away with the award for the Middle East's best bank. BAHRAIN BEST BANK NATIONAL BANK OF BAHRAIN BEST INVESTMENT BANK SICO BANK National Bank of Bahrain (NBB) wins the award for Bahrain's best bank this year, having taken advantage of higher interest rates and better provision requirements to boost its activities in the capital markets. ISRAEL BEST BANK BANK LEUMI BEST INVESTMENT BANK JPMORGAN Bank Leumi takes the award for Israel's best bank this year. [Extracted from the article]

The carrier will reassess the market in the fourth quarter, or early in 2025. [ABSTRACT FROM AUTHOR]

Former OpenAI CEO, Sam Altman, has taken nuclear fission company Oklo public through a SPAC merger. AltC, a special purpose acquisition company run by Altman, purchased and combined with Oklo for $306 million. Oklo began trading on the New York Stock Exchange under the ticker symbol OKLO. Oklo co-founders Jacob DeWitte and Caroline Cochran will remain as CEO and COO, respectively. Oklo aims to deploy its first commercial products in 2026 or 2027. [Extracted from the article]

Encavis, a German renewable energy company, has recommended that its shareholders accept a €2.8 billion ($2.9bn) takeover offer from KKR and Viessmann Group. The offer, which was announced in March 2024, is considered "fair, adequate, and attractive" by Encavis' boards. The bid is subject to a minimum acceptance of 54%, and KKR and Viessmann have already secured 31% through binding agreements with shareholders. The transaction is expected to close in Q4 2024, pending regulatory approval. Encavis owns and operates solar parks and wind farms across 12 European countries, and the takeover is expected to strengthen its capacity and facilitate expansion into new markets. [Extracted from the article]

Iberdrola Energía Internacional, a subsidiary of Iberdrola, has agreed to sell its renewable assets in Romania to Premier Energy Group for €88 million. This marks Iberdrola's exit from the country. Premier Energy's subsidiary, Premier Renewable Invest, will take control of Eolica Dobrogea One, which owns 80MW of wind power. This move is part of Iberdrola's strategy to rotate its assets and reach a target of €12.2 billion between 2024-2026. Premier Energy, owned by Czech asset manager Emma Capital, is planning to raise €100 million through an IPO on the Bucharest Stock Exchange to finance renewable projects. [Extracted from the article]

Samhällsbyggnadsbolaget i Norden's (SBB) Public Property Invest (PPI) has completed its listing on the Oslo Stock Exchange with a market capitalization of up to NOK 2 billion ($181m). SBB exchanged properties worth SEK 1.7 billion ($155m) for shares in PPI, ensuring sufficient financial scale in its property portfolio. SBB also purchased additional shares as part of the IPO. The listing allows PPI to have better access to equity and credit markets, strengthening its overall financial position and flexibility. [Extracted from the article]

CVC made its debut on the Amsterdam stock exchange with shares priced at €14 each, increasing the total offering size to €2 billion. Trading began with shares opening above the offer price at €17.34 per share, a nearly 24% rise. The offering was oversubscribed, leading to an increase in the number of shares sold. CVC expects to recoup gross proceeds of €250 million from selling its shares. The primary proceeds from the IPO will be used to scale future company funds, pursue acquisition opportunities, and fund part of the cash consideration for CVC's acquisition of Dutch infra investor DIF Capital Partners. [Extracted from the article]

Seraphim Space, a UK-based space technology investor, has reached the first close on its second venture fund, Seraphim Space Ventures II. The fund will invest in early-stage companies developing technology in various industries, including space-earth telecoms, AI applied to satellite data, and biotech and materials science firms involved in in-space manufacturing and research. The fund's size has not been disclosed, but it aims to make around 30 investments over a 10-year period. Seraphim Space Ventures II has already received initial investments from Seraphim's listed fund, Seraphim Space Investment Trust, and counts Eutelsat, NEC, and SKY Perfect JSAT among its investors. [Extracted from the article]

CVC Capital Partners, a private markets investor with €116 billion in assets under management, has set an indicative price range of €13 to €15 per share for its upcoming initial public offering (IPO) in Amsterdam. This could potentially raise up to €1.8 billion and imply a valuation of €13 billion to €15 billion. The IPO is expected to take place on April 26, with shares trading on the Euronext Amsterdam. The primary proceeds from the IPO will be used to scale future company funds, pursue acquisition opportunities, and fund part of the cash consideration for CVC's acquisition of Dutch infra investor DIF Capital Partners. [Extracted from the article]

Southwest Gas has completed its initial public offering (IPO) of subsidiary Centuri Holdings, raising nearly $300 million. The IPO involved the sale of 14.2 million shares of common stock at $21 per share on the New York Stock Exchange. In addition to the shares sold in the IPO, 2.6 million Centuri shares were sold in a private placement to Icahn Partners. The underwriters of the IPO also have the option to purchase an additional 1.86 million shares. Southwest Gas decided to pursue the IPO as a way to separate its regulated and unregulated utilities, with the board of directors determining it to be the most advantageous method for Centuri as an independent utility infrastructure services company. [Extracted from the article]

While legal demand for M&A and IPOs has dampened, the firm's managing partner sees deal flow potential with Korean firms expanding overseas [ABSTRACT FROM AUTHOR]

Premier Energy Group, owned by Czech asset manager Emma Capital, plans to raise €100 million through an initial public offering (IPO) on the Bucharest Stock Exchange. The funds will be used to support future renewable energy development in Romania and Moldova. Emma Capital will sell existing shares worth approximately €25 million and will remain the majority shareholder after the IPO. The offering will be open to retail, institutional, and eligible international investors. Premier Energy is the third largest natural gas distributor and supplier in Romania and the largest electricity distributor and supplier in Moldova. They manage 116 natural gas concessions and have a renewable electricity generation portfolio exceeding 1,000MW. [Extracted from the article]

Public Property Invest (PPI) has released the terms for its upcoming initial public offering (IPO) on the Oslo Stock Exchange. The IPO is part of Samhällsbyggnadsbolaget i Norden's (SBB) plan to strengthen its financial position. PPI's portfolio consists mainly of socially beneficial properties with public-sector tenants in Norway. The company aims to raise between NOK 1.5 billion and NOK 1.78 billion through the issuance of new shares. The offering will be split into three smaller offerings: institutional, retail, and existing shareholder offerings. The approval for the listing is expected soon, and trading is anticipated to begin in late April 2024. [Extracted from the article]

CVC Capital Partners, a London-based firm, plans to list on Euronext Amsterdam and raise at least €1.25 billion through the sale of new and existing shares. The primary proceeds will be used to scale future company funds, pursue acquisition opportunities, and fund part of the cash consideration for CVC's acquisition of Dutch infra investor DIF Capital Partners. CVC's entry into infrastructure aims to diversify its offering, and the transaction is set to close in Q2 2024. The offering will consist of private placements to institutional investors, with no public offering of shares. [Extracted from the article]

The Spring Budget has had mixed reaction and until there are bigger reforms UK equity markets will likely stay subdued [ABSTRACT FROM AUTHOR]

NANO Nuclear Energy is seeking $15 million through an initial public offering (IPO) to fund nuclear testing and research. The offering will allocate funds to research and development, marketing and business development, working capital, regulatory compliance, protection of intellectual property, and employee and contractor retention. NANO Nuclear Energy operates in four areas of the nuclear business and plans to construct a fuel fabrication facility near the Idaho National Laboratory site. The company has already raised $13.9 million from investors and is a member of the U.S. Department of Energy's HALEU consortium. The Department of Energy has also provided loan guarantees for the construction of Vogtle Units 3 and 4, which are expected to generate clean energy and reduce carbon dioxide emissions. [Extracted from the article]

Energy Vault, a grid-scale battery company, has appointed Michael Beer as its new chief financial officer. Beer previously served as CFO for FreeWire Technologies and head of financial strategy & investor relations at Luminar Technologies. He also has experience as a senior research analyst at Citigroup. Energy Vault recently went public through a merger with Novus Capital Corp II and raised $235 million in gross proceeds. The company is backed by SoftBank and Saudi Aramco and has an equity value of approximately $1.1 billion. [Extracted from the article]

HighPeak Energy, an independent natural gas and oil company, is increasing its existing credit agreement from $75 million to $100 million. The financing, led by Fifth Third Bank and maturing in September 2026, will be used to fund the acquisition of oil and gas properties. HighPeak Energy recently completed a $1.2 billion senior secured term loan credit agreement and a public equity offering to increase liquidity. The company focuses on the acquisition, development, and exploration of unconventional crude oil and natural gas reserves in the West Texas Midland Basin. HighPeak Energy has also mentioned the possibility of a sale but has not set a timetable for the conclusion of its evaluation. [Extracted from the article]

Samhällsbyggnadsbolaget i Norden (SBB) has initiated the listing process for its sustainable real estate company, PPI, on the Oslo Stock Exchange. The IPO will involve a primary offering of new shares in PPI to raise NOK 1.5 billion - NOK 2 billion ($139m - $185m), which will be used to repay outstanding debt. SBB has taken steps to reduce its debt, including selling a portion of its education assets and securing a loan for a joint venture. PPI's series B and D shares are already listed on Nasdaq Stockholm. The listing is expected to occur in Q2 2024, pending approval from the relevant authorities. PPI's portfolio consists of 61 properties with an estimated value of around NOK 9.98 billion. [Extracted from the article]

Dubai parking business Parkin recently began trading on the Dubai Financial Market (DFM), raising AED 1.57 billion ($428.69m) through its initial public offering (IPO). The IPO, which was the first on the DFM in 2024, attracted significant attention from international and regional investors and was oversubscribed by about 165 times. Parkin provides various parking facilities and services across Dubai and is seen as playing a crucial role in the city's transport ecosystem. The company aims to continue enhancing and expanding its vision to provide seamless and sustainable mobility solutions. [Extracted from the article]

Compared to IPOs, key benefits of direct listings include immediate liquidity, optimised pricing and flexibility in timing an exit [ABSTRACT FROM AUTHOR]

Dubai parking business Parkin has set its final offer price at AED 2.10 per share in its initial public offering (IPO). The IPO, which is being sold by the Dubai Investment Fund, is expected to result in gross proceeds of AED 1.57 billion ($428.69m). The final price values Parkin at AED 6.30 billion. The IPO received AED 259 billion of orders, indicating an oversubscription of about 165 times. Parkin is set to start trading on the Dubai Financial Market on March 24, 2024. The company's CEO, Mohamed Al Ali, described the investor demand as "record-breaking" and expressed confidence in the company's business model and growth opportunities. Parkin provides various parking facilities and services across Dubai. [Extracted from the article]

Odine has received approval of its initial public offering (IPO) application, in a milestone that will enable it to continue its work supporting network virtualisation and cloudification services for tier 1 operators. [ABSTRACT FROM AUTHOR]