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United Kingdom

Joshua Franklin

SoftBank-backed OneConnect sees valuation tumble in U.S. IPO

3:25am GMT

NEW YORK/SYDNEY Ping An Insurance Co's OneConnect Financial Technology said on Thursday it raised around $312 million in its U.S. initial public offering, valuing the company at around $3.7 billion (2.9 billion pounds).

SoftBank-backed OneConnect set to raise $312 mln in U.S. IPO - source

12:16am GMT

NEW YORK, Dec 12 Ping An Insurance's OneConnect Financial Technology is set to raise around $312 million in its U.S. initial public offering (IPO) on Thursday, according to a person familiar with the matter.

Centerbridge explores sale of Versant Health: sources

10 Dec 2019

Private equity firm Centerbridge Partners LP is exploring a sale of Versant Health in a deal which could value the U.S. managed vision care benefits company at more than $2 billion, including debt, people familiar with the matter said on Tuesday.

Swelling U.S. IPO backlog points to crowded 2020 field

09 Dec 2019

More and more companies are putting plans for U.S. initial public offerings (IPO) on ice this year because of investor pushback against their valuations, creating a backlog that could make stock market debuts more challenging in 2020.

SEC rejects NYSE's proposal on U.S. direct listings

06 Dec 2019

The U.S. Securities and Exchange Commission (SEC) has rejected a proposal by the New York Stock Exchange for a rule change that would allow U.S direct listings to raise new capital like in an initial public offering (IPO), NYSE said on Friday.

Apollo seeks sale of Smart & Final's food warehouse stores -sources

06 Dec 2019

Private equity firm Apollo Global Management Inc is exploring a sale of the warehouse store business of Smart & Final Stores LLC, the U.S. food retailer it acquired in June, people familiar with the matter said on Friday.

Apollo seeks sale of Smart & Final's food warehouse stores -sources

06 Dec 2019

Dec 6 Private equity firm Apollo Global Management Inc is exploring a sale of the warehouse store business of Smart & Final Stores LLC, the U.S. food retailer it acquired in June, people familiar with the matter said on Friday.

Consolidated Aerospace Manufacturing up for sale: sources

06 Dec 2019

Consolidated Aerospace Manufacturing LLC (CAM) is exploring a sale that could value the manufacturer of fasteners and other components for the aerospace industry at around $1 billion, including debt, according to people familiar with the matter.

World News

U.S. House committee postpones votes on articles of impeachment

U.S. lawmakers will vote Friday on whether to move forward with impeaching Republican President Donald Trump, as the Democratic head of the Judiciary Committee shocked Republicans by declining to hold a late-night vote after a hearing that lasted more than 14 hours.