IPOs
EIB plans to sell $3 bln 3-year bond -lead
LONDON, May 16 (Reuters) - The European Investment Bank [EIB.UL] plans to sell a $3 billion three-year bond, an official at one of the banks managing the sale said on Friday. Full Article
UPDATE 2-Bridgestone, Toyo Tire form alliance in tougher times
TOKYO, May 16 (Reuters) - Japan's Bridgestone Corp said on Friday it was forming a strategic alliance with rival Toyo Tire & Rubber Co , including capital ties, aimed at coping with high materials prices and intensifying competition. Full Article
Cox Enterprises is buying online advertising firm Adify for at least $300 million -- not a bad multiple on expected 2008 revenues of $35 million. Go to Blog
Top Global IPOs
Closed last week (3 May to 9 May 2008)
| Company | Country | Completed | Amount Raised $M |
|---|---|---|---|
| New World Resources BV | Netherlands | 9-May | 2,470.8 |
| Esso (Thailand) PCL | Thailand | 6-May | 451.4 |
| Globaltrans Investment PLC | Cyprus | 8-May | 449.0 |
| Maoye International Holdings | Hong Kong | 5-May | 343.3 |
| Colfax Corp | United States | 7-May | 337.5 |
| Western Gas Partners LP | United States | 9-May | 309.4 |
| Shenzhen Auto Electric Power Plant Co Ltd | China | 6-May | 56.6 |
| Real Goods Solar Inc | United States | 8-May | 55.0 |
| QiMing Information Technology Co Ltd | China | 9-May | 43.2 |
| Doppler S.A. | Greece | 7-May | 41.1 |
Top Industries: Global IPOs
Announced in the last 13 weeks (9 Feb to 9 May 2008)
| Industry | Deals | Value $M |
|---|---|---|
| Energy | 30 | 5,936.2 |
| Financials | 96 | 1,905.2 |
| Industrials | 63 | 1,828.9 |
| Non-Cyclical Consumer Goods / Services | 23 | 1,443.6 |
| Cyclical Consumer Goods / Services | 35 | 920.7 |
| Basic Materials | 55 | 538.1 |
| Technology | 32 | 220.1 |
| Healthcare | 16 | 56.0 |
| Utilities | 4 | |
| Telecommunications Services | 1 |
It is clear to me that the board of directors of Yahoo has acted irrationally and lost the faith of shareholders and Microsoft.
Execs defend humans in high-tech markets
NEW YORK (Reuters) - The heads of the world's biggest stock exchanges agree there is still room for the "human element" in a high-speed trading environment that has aggressively gone electronic. Full Article
