Deals wrap: Powering up China’s IPO market
Sinovel, China’s top wind turbine producer, plans to raise up to $1.4 billion in one of the most expensive main board IPOs in Shanghai. The listing may well be a test for China’s IPO market, which had a mixed performance late last year.
Brazil’s Petrobras offered to buy Eni’s 33.3 percent stake in Portuguese oil company Galp for 4.7 billion, business daily Diario Economico reported without citing sources.
By delaying an IPO, and the oversight an offering entails, Facebook is pursuing a strategy which was unthinkable just a few years ago, writes the New York Times.