The afternoon deal: Signs of spring

By Reuters Staff
March 17, 2010

Frozen hand-prints adorn the window of a snowed-in parked school bus at a school in Brampton, February 14, 2007.  REUTERS/J.P. MoczulskiThe global market for initial public offerings is showing new signs of life after a spate of downsizings and postponements. Issue prices are not always what companies originally hoped for, however, and investors are being selective.

Following are some recent Reuters stories from the different regions that track the activez IPO market.

* GM CFO sees chance for profit, IPO in 2010
* Brazil’s OSX slashes IPO in setback for Batista
* Citi unit Primerica files for $234 mln IPO
* Nobel laureate’s firm spikes 44 pct in debut
* Mirion Technologies files for $202.4 mln IPO

* Korea Life gains; buoys hopes for Samsung Life IPO
* Blackstone in $600 mln China agricultural deal -sources
* Zurich Fin, partners eye New China Life fundraising

* Brazil’s biggest initial public offerings

Great reads from the Web:

Panasonic Profit May Be Boosted More Than $885 Million by Sanyo Purchase (Bloomberg)

Porsche H1 Profit Skids 83 Percent on VW Merger Costs (AP)

China in Midst of ‘Greatest Bubble in History,’ Rickards Says (Bloomberg)
” ‘As I see it, it is the greatest bubble in history with the most massive misallocation of wealth,’ James Rickards said at the Asset Allocation Summit Asia 2010 organized by Terrapinn Pte in Hong Kong yesterday. China ‘is a bubble waiting to burst.’ ”

What Will Happen to GMAC? (WSJ)
“Why does this matter? Because taxpayers still have $17 billion invested in GMAC.”

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see