Latest news with #share sale
Bloomberg
3 days ago
- Business
- Bloomberg
Musk's SpaceX Value Raises to $400 Billion
Elon Musk's space business SpaceX is planning a private share sale that would boost the company's value. Bloomberg's Ed Ludlow explains. (Source: Bloomberg)
Reuters
4 days ago
- Business
- Reuters
State Bank of India launches 250 billion rupee share sale to institutional investors
July 16 (Reuters) - State Bank of India ( opens new tab, the country's largest lender by assets, launched a 250 billion rupee ($2.9 billion) share sale to institutional investors on Wednesday. The so-called floor price of the fundraise is 811.05 rupees per share, a 2.5% discount to the Wednesday's closing price, according to an exchange filing. In May, the lender approved, opens new tab raising up to 250 billion rupees through modes including a so-called qualified institutional placement, which is used by listed Indian companies to raise funds from large institutions. Earlier in the day, SBI approved raising up to 200 billion rupees through bonds during fiscal year 2026. Shares of the bank ended 1.9% higher on the day, while the benchmark Nifty 50 (.NSEI), opens new tab index closed largely flat. ($1 = 85.9150 Indian rupees)
Bloomberg
11-07-2025
- Business
- Bloomberg
Stada Resumes Investor Meetings for September IPO
By and Swetha Gopinath Save Stada Arzneimittel AG has resumed meeting investors for its initial public offering and could test a difficult first-time share sale market as soon as September, according to people familiar with the matter. The German drugmaker has started seeing prospective investors again this month as it's pressing ahead with the first-time share sale, the people said, asking not to be identified as the information is private. Stada's private equity firm owners Bain Capital and Cinven are seeking a valuation of about €10 billion ($11.7 billion) for the business in a listing, but that could change depending on investor feedback, the people said.
Bloomberg
10-07-2025
- Business
- Bloomberg
SBI Said to Plan $2.9 Billion Share Sale as Early as Next Week
State Bank of India, the country's largest lender by assets, is preparing to sell as much as 250 billion rupees ($2.9 billion) of shares to institutional investors as soon as next week, according to people familiar with the matter, in what could be the nation's biggest deal of its kind. If the qualified institutional placement is fully subscribed, it would mark the biggest QIP ever in India, surpassing Coal India Ltd. 's 225.6 billion rupee sale in 2015, according to data compiled by Bloomberg. The bank's board approved the sale in May.
Bloomberg
09-07-2025
- Business
- Bloomberg
Saudi Chemical Maker Sabic Evaluating IPO of Industrial Gas Unit
Saudi chemical maker Sabic is evaluating a share sale for its industrial gases unit as the company focuses on its core business and undergoes a restructuring. Saudi Basic Industries Corp., as the company is officially named, began a study to evaluate 'strategic options' concerning National Industrial Gases Co., according to a statement on Wednesday. The review will consider an initial public offering on Saudi Arabia's main market, Sabic said.
