Tags / IPO

OCK eyes tower unit spin-off

Malaysian infrastructure operator OCK Group is considering a spin-off listing of its tower business on a foreign stock exchange by 2020, according to the company’s managing director Sam Ooi Chin Khoon in an interview with The Edge Malaysia.

OCK has a regional presence with more than 3,500 towers in three markets: Vietnam, Myanmar and Malaysia. Once its tower portfolio reaches the 5,000 mark, by next year at the earliest, OCK’s regional business will be big enough to be spun off from the group, according to Ooi.

SoftBank prices mobile unit IPO

SoftBank Group set a single indicative price of Y 1,500 (US$13.22) for the IPO of its mobile unit SoftBank Corp rather than a price range as usual, making the size of the IPO Y 2.4 trillion (US$21.16bn). The IPO is aimed at providing the group with funds to pay down debt and invest on innovations that will drive future tech trends.

Nomura, Mizuho, Deutsche Bank, Goldman Sachs, JP Morgan and SMBC Nikko are joint global coordinators for the IPO.

SoftBank receives approval for unit IPO

SoftBank Group’s mobile unit received approval to list on the Tokyo Stock Exchange. The unit, SoftBank Corp, will list on December 19 and plan to raise JPY 2.4 trillion (US$21bn). The offering will provide the group with even more funds that can be deployed into global tech investments.

Brazilian fintech co plans US$1.1bn IPO

Brazilian cloud-based online payment processor StoneCo an

Five banks lead SoftBank mobile IPO

SoftBank Group has reportedly selected five banks to lead its mobile unit IPO and these are Nomura Holdings, Goldman Sachs, Mizuho Financial Group, Deutsche Bank and SMBC Nikko Securities. Nomura and Goldman Sachs are lead underwriters for the IPO, of which the size could be US$27bn.

Slack plans H1 2019 IPO

Chat service provider Slack Technologies is reportedly pr

Passpod to raise US$2.6m from IPO

Indonesian modem rental company PT Yelooo Integra Datanet

Trio back Yunji Weidian IPO

Three banks, Morgan Stanley, Credit Suisse and JP Morgan

MTN completes Ghana unit IPO

MTN Group has completed its IPO in Ghana, with the compan

MTN’s Nigerian IPO in jeopardy?

MTN Group’s plans to launch a IPO process for its Nigerian unit may be under threat following an order by the Nigerian central bank to pay US$8.1bn that the latter claims was sent abroad illegally. The amount is over half of MTN’s market cap and the allegations sent the telecoms group’s shares plummeting 25%, marking a nine-year low.

According to Reuters reports, the demand from the central bank will affect market conditions and in turn affect MTN’s plans to IPO by the end of the year, or at all.


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