Secondary Share Offerings / Issues

S&P 500 to exclude Snap after voting rights debate

S&P 500 to exclude Snap after voting rights debate

Published 01/08/2017

The front of the New York Stock Exchange (NYSE) with a Snap Inc. logo hung on the front of it stands shortly before the company's IPO in New York, U.S., March 2, 2017.

The S&P 500 .SPX will start excluding companies that issue multiple classes of shares, managers of the index said on Monday, a move that effectively bars Snap Inc (SNAP.N) after its decision to offer stock with no voting rights.

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Israel`s Gamida Cell raises $40 million for bone marrow trial

Israel`s Gamida Cell raises $40 million for bone marrow trial

Published 19/06/2017

Israel's Gamida Cell, which is developing cellular therapies to treat cancer and rare genetic diseases, said on Monday it raised $40 million to finance the advanced trial of its product NiCord to facilitate bone marrow transplants.

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Heavily indebted China Evergrande sells $1 billion notes for refinancing

Heavily indebted China Evergrande sells $1 billion notes for refinancing

Published 24/03/2017

A promotional footage on a property development of China Evergrande Group is shown at a news conference on the company's interim results in Hong Kong, China August 30, 2016. REUTERS/Bobby Yip/File Photo

China Evergrande Group (3333.HK), the country's top home builder added to its massive debt pile with a $1 billion seven-year bond on Friday that sold briskly due to its hefty yield.

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Food startup Eatsa sued for not making kiosks accessible to blind

Food startup Eatsa sued for not making kiosks accessible to blind

Published 24/03/2017

Customers order meals on tablets and pick up food from cubbies at Eatsa, a restaurant in the financial district of San Francisco, California, U.S., September 28, 2016. REUTERS/Peter Henderson

Fast food startup Eatsa is being sued by disability rights advocates for not including accessibility features for the blind.

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After Snap IPO, U.S. regulator questions unequal voting rights

After Snap IPO, U.S. regulator questions unequal voting rights

Published 09/03/2017

A young girl pushes her scooter past the front of the New York Stock Exchange (NYSE) with a Snap Inc. logo hung on the front of it shortly before the company's IPO in New York, U.S., March 2, 2017. REUTERS/Lucas Jackson

One of two current members of the U.S. Securities and Exchange Commission raised questions on Thursday for companies like Snap Inc (SNAP.N) that offer shareholders unequal voting rights, saying the agency should "focus on how some innovations may prove detrimental to investors."

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Berkshire Hathaway gains $1.6 billion from its huge bite of Apple

Berkshire Hathaway gains $1.6 billion from its huge bite of Apple

Published 25/02/2017

FILE PHOTO - An Apple iPhone 7 and the company logo are seen in this illustration picture taken in Bordeaux, France on February 1, 2017. REUTERS/Regis Duvignau/File Photo

Warren Buffett's Berkshire Hathaway Inc (BRKa.N) is sitting on more than $1.6 billion of gains in its investment in Apple Inc. (AAPL.O) after shares of the iPhone maker surged.

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China’s private placement boom on borrowed time

China’s private placement boom on borrowed time

Published 17/02/2017

Liu Shiyu, chairman of the China Securities Regulatory Commission, drinks tea at a news conference on the sidelines of the National People's Congress (NPC), China's parliament, in Beijing, China, March 12, 2016. Picture taken March 12, 2016. REUTERS/Jason Lee

A three-year boom in private share placements in China, a handy way around tighter control of public share issuance, is running on fumes as Beijing turns its sights on the speculative excesses and dubious value the boom has engendered.

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Intime`s shares up 38 percent after Alibaba leads offer to take it private

Published 10/01/2017

Shares of Intime Retail (Group) Co Ltd (1833.HK) were set to surge 38 percent when it resumes trade on Tuesday after Alibaba Group Holding Ltd (BABA.N) joined forces with the founder of the department store operator to take it private for $2.6 billion.

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E2V Technologies says agrees on terms of Teledyne Tech offer

E2V Technologies says agrees on terms of Teledyne Tech offer

Published 12/12/2016

Imaging sensor provider E2V Technologies Plc said on Monday that it had agreed on the terms of an all-cash takeover offer from U.S. firm Teledyne Technologies Inc.

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European shares seen lower as Renzi loses referendum, Italian banks in focus

European shares seen lower as Renzi loses referendum, Italian banks in focus

Published 05/12/2016

The German share prize index (DAX) board is seen at the trading room of Frankfurt's stock exchange (Boerse Frankfurt) during trading session in Frankfurt Germany, October 14, 2016. REUTERS/Kai Pfaffenbach

European shares were expected to open lower on Monday after Italian Prime Minister Matteo Renzi announced his resignation following a crushing defeat in a constitutional referendum.

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