The fast-fashion retailer has cleared a key Hong Kong exchange review for a planned initial public offering, moving closer to a market debut after earlier listing efforts in New York and London stalled under regulatory pressure.
Airtel Africa is expanding its investment bank lineup for the planned London listing of its mobile money unit, Airtel Money, in a deal that could value the business at approximately $10 billion. Citigroup is leading the transaction, which is expected to raise between $1.5 billion and $2 billion and would mark London's largest IPO since Wise in 2021.
India's SBI Funds Management drew bids worth 3 trillion rupees ($31.14 billion) for its $1.03 billion IPO, making it the country's fourth-most-subscribed issue. The offering, priced at 574 rupees per share, saw strong demand from institutional investors including BlackRock and sovereign wealth funds from Singapore, Abu Dhabi and Norway.
