US IPO

Hindalco’s unit Novelis seeks $945mn in US IPO

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Hindalco’s unit Novelis seeks 5mn in US IPO

Aluminium producer Novelis is seeking to raise as much as $945 million in a US IPO that could be another test for the resurgent market for first-time share sales.Novelis, owned by Kumar Mangalam Birla’s Hindalco Industries, plans to sell 45 million shares for $18-21 each, a filing on Tuesday showed. Hindalco will own about 92.5% … Read more

Britain’s Marex Group files for US IPO

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Britain’s Marex Group files for US IPO

Marex Group, a British commodities broker, announced plans on Friday to list its shares in New York, the latest blow to London’s bid to attract companies to its stock exchange. Marex, backed by private equity firm JRJ, said it had confidentially filed a draft registration statement with the US markets regulator with a view to … Read more