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Grey market premiums (GMPs) - the additional price investors are willing to pay over the IPO price in the grey market before the stock lists on the exchanges - of five IPOs are trading at 8-44% above the issue prices, according to sources. A higher premium indicates the market sentiment for the IPO in question. GMPs of IPOs with robust demand tend to be high, which implies a potential upside in the stock on listing.
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News and Media
Spain's state-owned shipbuilder is expected to confirm on Thursday that it is buying Harland and Wolff.
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News and Media
The board of the capital-markets regulator approved a proposal to limit the offer for sale (OFS) by promoters in small and medium enterprises (SME) IPOs to 20% of an issue size. It also said they cannot sell more than 50% of their holding in an IPO.
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News and Media
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