Tag: stanley goldman

Yes Bank raises $225 million and truck financing company Shriram Transport issues $125 million worth of new shares just before equity markets take another dip. The owner of Korea's Kookmin Bank has set the first reference price for its upcoming rights offering at W37,250. Meanwhile, Golden Agri and Pacific Andes say their respective ... The deal is priced at a 9.9% discount, which means the issuer is able to cancel the concurrent sale to existing shareholders. The owner of Korea's Kookmin Bank halves its original deal size, while Singapore-listed Neptune Orient Lines says its $996 million rights offering is oversubscribed. Chinese National Building Material issues new shares, while Hanjin Shipping's second largest investor cashes out. Both deals find healthy demand at discounts of 8.5%-9.5%. Asian Development Bank gets the pricing just right as a small oversubscription supports secondary market trading. Gome's chairman raises $275 million from a placement of shares, while a Morgan Stanley fund sells $152 million worth of stock in Sino-Ocean Land. LDK draws strong demand for its IPO but erases most of its debut gains. Trina's share price continues to fall after it prices a follow-on at a 2.5% discount. LDK and Yingli start their IPO processes as China Sunergy is set to price its initial offering at the top and Trina Solar files for a follow-on. Having been bombarded with bids from investment banks looking to be tipped as joint-leads, Mirant Philippines opts to go with a one horse deal for its possible $1.2 billion ...