Financial Services & Real Estate Headlines

China releases list of companies planning to list after IPO drought

BEIJING - China's securities regulator on Saturday released draft prospectuses for a small group of companies planning to list, in a move that may soothe investor concerns that the country had put in place a de facto freeze on IPOs.

Fri, Apr 18 2014

TPG-led group to make $450 million investment in Airbnb: source

- A group led by private equity firm TPG Capital Management LP has agreed to invest $450 million in Airbnb Inc, valuing the online home-rental marketplace at $10 billion, a source familiar with the matter told Reuters.

NY attorney general seeks info from high-speed firm Virtu: source

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NEW YORK - High-speed trading firm Virtu Financial Inc, which has been pursuing an initial public offering, has received a letter of inquiry from the New York attorney general amid a wider probe of the industry, a person familiar with the matter said on Friday.

Thu, Apr 17 2014

Virtu IPO timing not set in stone: source

- High-speed trading firm Virtu Financial Inc has not set a date to go to market with its initial public offering at this time, according to a person familiar with the matter.

Hellman & Friedman targets $8.9 billion for Fund VIII

NEW YORK, April 17 (Reuters-BUYOUTS) - Hellman & Friedman is seeking a comparable fund size to its flagship vehicle of nearly $9 billion raised in the midst of the financial crisis, in the buyout firm's first major capital-raising effort since the death of co-founder Warren Hellman in 2011.

Banco Popolare says successfully closed 1.5 billion euros share sale

MILAN - Banco Popolare said on Thursday it had successfully closed its capital increase for 1.5 billion euros ($2.1 billion), the first Italian lender to tap the market for funds ahead of Europe-wide health check of the sector.

Exclusive: 'Leopard King' Cavalli nears 450 million euro sale to Permira - sources

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LONDON - Italian designer Roberto Cavalli is in advanced talks to sell a majority stake in his eponymous fashion house to London-based buyout firm Permira in a sale worth about 450 million euros ($621 million), four sources close to the deal told Reuters.

Monte Paschi set to approve bigger capital increase

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MILAN - Italian lender Monte dei Paschi di Siena looks likely to increase a planned share sale to 5 billion euros ($6.9 billion), two billion euros more than first planned, to help it pass a Europe-wide bank health check and repay state aid.

Post Holdings to buy Michael Foods for $2.45 billion

- Cereal maker Post Holdings Inc said it will buy egg and dairy producer and distributor Michael Foods Inc for $2.45 billion in its largest-ever deal.

Weibo cuts IPO size amid selloff in technology stocks

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- China's Weibo Corp, a Twitter-like messaging service company, raised a less-than-expected $286 million after it cut the size of its U.S. initial public offering amid a selloff in technology shares and concerns about slowing user growth.

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Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.