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KKR-backed Rundong Auto to launch up to $138 mln HK Ipo

2014-08-06 10:04:28| Auto Dealers - Topix.net

Luxury automobile dealer China Rundong Auto Group Ltd, backed by private equity firm KKR & Co LP, and one of its shareholders raised $124 million in a Hong Kong initial public offering, according to a term sheet seen by Reuters on Wednesday.

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13th Annual BIO Investor Forum to Highlight IPO Success Since Passage of JOBS Act

2014-08-05 06:00:00| Industrial Newsroom - All News for Today

BIO has opened registration for the 13th Annual BIO Investor Forum, which will take place October 7–8, 2014. Program will include plenary sessions, business roundtables, therapeutic workshops, and fireside chats featuring respected industry veterans discussing latest trends in biotech. Conference will also feature presentations by over 100 biotech companies poised to join the growth "watch list" in 2015, as well as number of nonprofit and venture philanthropy organizations. This story is related to the following:Trade Associations

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Zain to kick off Bahrain IPO next month

2014-08-05 02:00:00| Total Telecom industry news

Telco to sell off 15% stake at a price that should see it raise 18 million.

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Smithfield Foods' Chinese Parent Succeeds in IPO

2014-08-01 01:06:00| Food Processing

Second attempt nets $2 billion to lower debt from 2013 acquisition.

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Alcatel-Lucent plans IPO for submarine cable business

2014-07-31 09:28:00| Telecompaper Headlines

(Telecompaper) Alcatel-Lucent announced plans to pursue an initial public offering of shares in it submarine cable business, as the company continues to exit low-growth businesses. The company would maintain a majority stake in the business, while the IPO would provide resources to expand the business further into the oil and gas market. The listing is expected to take place in the first half of 2015. The announcement came alongside second-quarter results showing revenues of EUR 3.279 billion, up 0.7 percent at constant exchange rates and excluding the impact of divestments. Excluding its managed services business, where it's been exiting a number of unprofitable contacts and countries, revenues were up 5 percent year-on-year, helped by a growing number of LTE contacts, especially in the US and China. The gross margin improved by 140 basis points from a year ago to 32.6 percent of revenues, helped by another EUR 94 million in cost savings in the quarter. Adjusted operating profit totaled EUR 136 million or 4.1 percent of revenue, up from 1.3 percent a year ago. Alcatel moved to a positive operating cash flow of EUR 96 million versus a negative EUR 41 million in the year-earlier period, helped by a return to profit at its Access division. Free cash flow was still an outflow of EUR 205 million,and the group had a net loss of EUR 298 million or EUR 0.11 per share. During the quarter, Alcatel completed its debt refinancing outlined in its Shift Plan, with all maturities until 2017 reimbursed or pre-financed. 

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