Sebi comes out with new rules governing changes in issue size
Friday, January 4, 2019, 8:39 PM
Markets regulator Sebi has come-out with new norms that entail filing of fresh offer documents in those cases where there has been a change in issue size. Under the new rules, filing of a fresh offer document is required in case of any increase or decrease in the estimated issue (new) size by more than 20%, Sebi said in a notification dated December 31.
In Tencent Music's IPO, a sign that pricing is coming down to Earth
Thursday, December 13, 2018, 8:10 AM
Let's call this one "Disaster averted." Tencent Music. the China-based streaming app, priced its IPO at the NYSE at $13, the low end of the range, opened on Wednesday at $14.10 and pretty much stayed there all day, closing at $14. It was supposed to come in October, but the company postponed it, citing the global market selloff at that time.