US listings have become increasingly appealing to European companies because the country offers a broader investor base and bigger pool of capital, allowing for higher valuations. Construction company CRH Plc moved its primary listing from London to New York last year, and has seen its shares soar more than 60% since.
Posts in category Economic Times
Hyundai Motor IPO’s off to a slow start (15-10-2024)
The non-institutional investor (NII) portion, primarily high-net-worth individuals, was subscribed 0.13 times, while the retail investor portion saw a subscription of 0.26 times. The portion reserved for the company’s employees, offered at a discount of ₹186 per share, was subscribed 0.8 times (80%).
RIL’s O2C biz faces geopolitics bump, for retail it’s all in store (15-10-2024)
The retail segment was affected by a demand slack in the fashion and lifestyle (F&L) vertical and a sequential decline in total store area. The digital segment reported a sequential drop in subscriber numbers amid tariff hikes and higher average revenue per user (ARPU).
Govt, RBI firm ESMA has to change stance on CCIL oversight for any MoU (15-10-2024)
The parties most affected by the regulatory impasse are French and German banks with trading operations here. These are Credit Agricole, BNP Paribas, Societe Generale of France and Deutsche Bank of Germany. These banks carry out billions of dollars’ worth of trade in Indian bonds and swaps while some also play a key custodian role. While the ESMA’s decision came into effect at the end of April 2023, national regulators in France and Germany provided their banks with time until October 31, 2024, to continue transacting with the CCIL.
RBI’s new bank-subsidiary norms to force realignments of business (15-10-2024)
The RBI does not want banks to use step-down entities to circumvent norms that do not apply to them. Effectively, some subsidiaries may remodel themselves as direct selling agents of the bank, a senior bank official said. The RBI has sought feedback from banks by November 20 on the draft guidelines.
Chip stocks fall on ASML forecast cut, potential US AI chip export cap (15-10-2024)
U.S. semiconductor stocks declined following a sales forecast cut by ASML and reports of the Biden administration considering capping AI processor sales to certain countries. Major chip firms like Nvidia, AMD, and Intel saw significant drops, affecting market indices. The news raised concerns about U.S. efforts to maintain technological dominance.
Chip stocks fall on ASML forecast cut, potential US AI chip export cap (15-10-2024)
U.S. semiconductor stocks declined following a sales forecast cut by ASML and reports of the Biden administration considering capping AI processor sales to certain countries. Major chip firms like Nvidia, AMD, and Intel saw significant drops, affecting market indices. The news raised concerns about U.S. efforts to maintain technological dominance.
Chip stocks fall on ASML forecast cut, potential US AI chip export cap (15-10-2024)
U.S. semiconductor stocks declined following a sales forecast cut by ASML and reports of the Biden administration considering capping AI processor sales to certain countries. Major chip firms like Nvidia, AMD, and Intel saw significant drops, affecting market indices. The news raised concerns about U.S. efforts to maintain technological dominance.
Chipmaker ASML shares fall 15% after forecast cut in Q3 earnings published early due to technical error (15-10-2024)
Computer chip equipment maker ASML on Tuesday reported weak bookings and cut 2025 sales forecasts in third quarter earnings published early on its website, sending its shares down 15% by 1500 GMT.
Sebi to auction 15 properties of five companies on Nov 19 (15-10-2024)
Capital markets regulator Sebi on Monday said it will auction 15 properties belonging to Mangalam Agro Products, Sumangal Industries and Falkon Industries India on November 19. The move is part of Sebi’s efforts to recover money collected by these companies from investors in violation of norms.