Formula One team Williams is on the final straight toward its market debut next week, the first of its kind to float, and while its novelty will attract some, others are unconvinced by the investment case.
Western investment banks are keen to underwrite more IPOs on China’s Shenzhen exchange this year as a surging economy turns the once insignificant market into a fundraising hotbed.
Italian fashion house Prada is quickly moving toward a Hong Kong listing thanks to a more favorable regulatory environment in Asia, Chief Executive Patrizio Bertelli told an Italian newspaper.
“Instead of achieving its goal, a defensive deal too often simply exposes the fault lines of a company and its management. The implosion at Dynegy is a good example, and we are about to see if something similar occurs with Zoran’s announced acquisition by CSR of Britain,” reports the New York Times.
“J. Crew took on critics who say the retailer’s proposed $3 billion sale shortchanges shareholders and was reached after a flawed auction process,” reports the Wall Street Journal.