Deals wrap: M&A pace set to slow
M&A deals declined in the second quarter from the previous three months, casting gloom on hopes of a reviving world economy that will prompt executives to put their cash-rich balance sheets to work. Get full coverage on the state of M&A here.
China Everbright Bank has delayed meetings with investors to promote its planned $6 billion Hong Kong share listing, three sources with direct knowledge of the deal said, underscoring shaky sentiment in global markets and weak IPO performances in Asia.
Prada posted slim gains in its $2.14 billion IPO debut in Hong Kong, defying expectations for a weak start as investors who couldn’t buy into the IPO snapped up the stock in a buoyant market.
Divorced from someone convicted of a Ponzi scheme? Your money may be safer than you think, writes The New York Times.
Another wave of Chinese IPOs is hitting the US equity market, but this time many US investors are staying dry, according to a report from Renaissance Capital.