Latest in Stock Market Highlight

Latest in Stock Market


Domty IPO oversubscribed by 10.718 times

Shares in the Arabian Food Industries Company’s (Domty) initial public offering (IPO) were oversubscribed by 10.718 times at the closing of the IPO on Thursday. Thursday marked the final day of the IPO, which was held on the Egyptian Exchange for approximately 12.250m shares. A total of 2,430 subscribers were registered for approximately 131.306m shares. …

Mohamed Ahmed

LE 1.2bn estimated value of Domty IPO: Sources

Arabian Food Industries Company Domty announced today the offering of up to 122,500,000 existing ordinary shares representing 49% of the company’s outstanding share capital listed on the Egyptian Exchange (EGX) currently owned by the selling shareholders.

Mohamed Ahmed

IndiGo shares soar in market debut

India’s leading airline is celebrating a ‘blockbuster takeoff’ as shares surged high above their listing price. The IPO is aimed at solidifying IndiGo’s grip on one of the world’s fastest growing aviation markets. IndiGo got off to a flying start as India’s largest carrier made its market debut on Tuesday, with shares in its parent …

Deutsche Welle

Shares in Japan Post soar on market debut

Japan Post, a massive formerly state-owned conglomerate, went public on the Tokyo Stock Exchange Wednesday, raising $11.5 billion in an initial public offering that was this year’s biggest. After the opening bell in Tokyo, investors scrambled to snatch up shares in the three companies affiliated with Japan Post, including the group’s holding, insurance and banking …

Deutsche Welle

Candy Crush now in the World of Warcraft

US computer game company Activision Blizzard has said it’s acquiring the UK’s King Digital Entertainment, the company behind Candy Crush. It means the coming together of two different business models. Activision reported Tuesday it was buying the Candy Crush maker in a deal valued at $5.9 billion (5.4 billion euros). The US computer game company …

Deutsche Welle

Fiat-Chrysler makes a killing from Ferrari IPO

After the US-Italian car giant brought a 10-percent stake of the legendary racing car brand to Wall Street last week, it has now announced gross proceeds of close to a billion dollars from the share issue. After closing the book on the Ferrari initial public offering (IPO) on Monday, Fiat-Chrysler Automobiles (FCA) said the sale …

Deutsche Welle

Morgan Stanley earnings take a hit

US investment banking heavyweight Morgan Stanley has seen its third-quarter profits dropping steeply. The lender attributed the fall largely to poor bond trading operations, with major rivals not doing any better. New York-based investment bank Morgan Stanley on Monday reported a 42-percent drop in third-quarter net profit. The lender, which is also a major wealth …

Deutsche Welle