Ipo

OneConnect Financial Technology is just one of many China bets placed by the Japanese investment giant or its massive Vision fund which have run into trouble read more

According to a former Infosys official and a technology venture capitalist, India’s stock markets are set for a wave of unicorn listings read more

Ujjivan Small Finance Bank IPO allotment: The initial public offering (IPO) of Ujjivan Small Finance Bank saw a whopping subscription of 165.6 times. read more

It’s not clear how much of Aramco will be sold to locals before shares start trading likely in December. And no one knows what the payoff will be -- whether Saudis can expect a handsome payday or whether they’ll have to hunker down for a long haul. read more

The IPO, which was open for subscription between September 30 and October 4, was subscribed 112 times at a price band of Rs 315-320 per share. read more

The Indian Railways has come out with three IPOs of its subsidiaries—Rail Vikas Nigam Limited (RVNL), Rail India Technical and Economic Service (RITES) and Indian Railway Construction Company Limited (IRCON). read more

IRCTC is the Indian Railways tourism arm which sells train tickets online, provides catering service to railways and provides packaged drinking water at railway stations and trains. read more

Paytm’s parent company One97 Communications is India’s most valuable unicorn, or privately held startup with a valuation of $1 billion or more. Its backers include Masayoshi Son’s SoftBank Vision Fund, and Alibaba Group’s Ant Financial. read more

In other news, private equity firm Everstone Capital-backed Modern Foods is back in the Delhi-National Capital Region after 14 years with the acquisition of a majority stake in city-based Supreme Baker India Pvt. Ltd. read more

AB InBev said it will no longer proceed with the IPO of its Asia-Pacific business, Budweiser Brewing Company APAC Ltd., which had been aiming to raise as much as $9.8 billion in Hong Kong. The company’s American depositary receipts fell as much as 4.9%... read more

The company, which researches and produces drugs for six major therapeutic areas, reported 1.9 billion yuan in profit in 2018, an 18% increase from a year earlier. read more

That ungainly acronym, envisioned by some at Morgan Stanley as the hype grew over Uber Technologies Inc., put the ride-hailing company in the same league as the titans of tech: Facebook, Amazon, Apple, Netflix and Google. read more

When Uber goes public next month, it’s expected to nab a market value of as much as $100 billion. read more

Uber in 2018 had $11.3 billion revenue, up around 42 percent over 2017, but below the 106 percent growth the prior year. read more

HDFC AMC operates as a joint venture between Housing Development Finance Corporation (HDFC) and Standard Life Investments. read more