BBG: CVC ups deal size to €2.3bn, may price IPO at mid-point
BLOOMBERG reports: CVC Capital Partners increased the size of its initial public offering by €500 million ($536 ...
BLOOMBERG reports:
Cainiao Network Technology Co., the logistics arm of Alibaba Group Holding Ltd., has started preparations with banks for its Hong Kong initial public offering, people familiar with the matter said, paving way to be the first of the Chinese tech firm’s six business units to go public.
Banks including China International Capital Corp. and Citigroup Inc. are working with the company to prepare for the first-time share sale, the people said. The firm is targeting a listing as soon as the end of this year, said one of the people, asking not to be identified as the information is private. Cainiao is currently valued at more than $20 billion, the people said.
Cainiao hasn’t decided on the IPO size, while the timing is still subject to change depending on market conditions, the people said. A representative for Cainiao said the company doesn’t have a clear plan and timeline for an IPO…
The full post is here.
Etail by air – here to stay or on a short shelf life?
HMM sees opportunities in Hapag-Lloyd’s exit from THE Alliance
The rise and rise of China's ecommerce platforms
Increasing scrutiny could stall rise of ecommerce platforms, as TikTok faces US ban
Legal battle heats up over 'unseaworthy' and 'reckless' MV Dali
DSV chief reticent on Schenker: the focus on growing market share
Another strong month for US ports as container flows continue to rise
MSC redeploys 'Israel-linked' box ships away from Persian Gulf
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article