Just one IPO in Q2

first_img The Canadian initial public offering (IPO) market had a lackluster second quarter in 2016, with only one new issue coming to a Canadian exchange, according to a survey report published by PricewaterhouseCoopers LLP (PwC) on Monday. TSX streamlines corporate takeovers Share this article and your comments with peers on social media A new issue of $550,000 on the Canadian Securities Exchange (CSE) was the only Canadian IPO in the second quarter. For the first half of 2016, only two new issues on the CSE generated just over $1 million. There were no IPOs on the Toronto Stock Exchange’s (TSX) senior market or the TSX Venture Exchange for the first six months of the year. This finding contrasts sharply with the first half of 2015, when 13 new issues raised $1.4 billion in new equity on all Canadian exchanges, according to the survey. The 2016 findings are not the result of a shortage of investors, but a lack of economic certainty, says Dean Braunsteiner, PwC’s national IPO leader. “Every region, every country is reviewing its economic outlook,” Braunsteiner says in a statement released Monday. “In Canada, there’s concern about the housing market. Until some of those clouds dissipate, we can’t expect too much from the IPO market.” The continuing global market uncertainty that has resulted from the U.K.’s recent vote to terminate its membership in the European Union has likely also dampened any enthusiasm for IPOs in the near future, Braunsteiner adds. However, the survey notes, there has been good news for the Canadian economic market, with domestic equities on an upward swing and the market for secondary offerings having gained ground prior to the vote in the U.K. “The previously moribund mining sector enjoyed notable activity, where companies in mid-stage development have been attracting buyers to secondary issues,” the report states. Photo copyright: Bloomberg Tessie Sanci Diversity in offerings, exchanges highlights Canada’s Q3 IPO marketcenter_img Related news Canada’s IPO market topped $2B in 2018 Keywords Share offerings Facebook LinkedIn Twitterlast_img read more

KPN cancels hiring of Proximus CEO as new chief

first_img Tags AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 30 SEP 2019 KPN puts Ericsson in patent hotseat Home KPN cancels hiring of Proximus CEO as new chief KPN in line for $15B takeover bid Dutch operator KPN withdrew the appointment of former Proximus CEO Dominique Leroy as its new boss due to an ongoing investigation by Belgian authorities over share dealing.Leroy had her home raided by police over her sale of €285,000 worth of shares in Proximus in August, a month before her departure. Shares in the company fell after her departure announcement.Leroy denied any wrongdoing, stating she did not decide to leave at the time of the shares sale. She was unveiled to replace KPN CEO Maximo Ibarra in the first week of September and was meant to fully take the reins of the Dutch operator on December 1.Due to the withdrawal of Leroy, the extraordinary general meeting of KPN shareholders scheduled for October 28 has been cancelled.KPN member of the board Joost Farwerck will continue on as temporary chairman of the board of management and executive committee.Duco Sickinghe, supervisory board Chairman of KPN, said: “This was a difficult decision for the Supervisory Board, given the track record of Mrs. Dominique Leroy as a very accomplished executive. However, the uncertainty around timing results in a situation which the Supervisory Board considers not in the interest of KPN. We wish her all the best.” Subscribe to our daily newsletter Back KPN snubs two takeover approaches Author Manny Pham Previous ArticleMalaysia gears up for 5G demos across 6 statesNext ArticleAirtel vows aggressive moves to win back customers Related Manny joined Mobile World Live in September 2019 as a reporter based in London. He has previous experience in telecoms having worked for B2B publication Mobile News for three years where he climbed up to the position of Features Editor…. Read more KPNlast_img read more

LGE Design Build plans 20,000 acts of kindness

first_imgLGE’s 20 x 20,000 year-long campaign launched in January and will provide backpacks, socks, soap, crayons, healthy snacks, diapers and other needed items for babies and kids in the Valley. In total, LGE will donate 20,000 items during 2015. Each month a different nonprofit dedicated to children will benefit from LGE’s fundraising efforts.“Since my father started LGE Design Build 20 years ago, we have focused on building and creating a better community. It’s what we’ll continue doing for the next 20 years,” said David Sellers, president of LGE Design Build.Many of the organizations LGE is assisting serve a low-income and homeless population. Inspired by her own experience with homelessness as a child, Carrie Garcia, LGE’s executive assistant who is helping to lead the organization’s 20 x 20,000 campaign, enjoys giving back to these organizations.“Assisting nonprofit organizations that improve the lives of children from low-income and homeless backgrounds is very rewarding,” Garcia said. “As a company, we want LGE Design Build’s 20th anniversary to make a community-wide impact.”In January, LGE presented Childhelp, a non-profit charity aiding victims of child abuse, with a $3,000 grant to help train its service dogs. LGE also is designing and building a new dog run at no cost.“Childhelp is honored and grateful to be one of the recipients of LGE Design Build’s 20,000 Acts of Kindness campaign. By contributing to our animal therapy program in such a significant way, LGE is impacting countless children who have suffered severe abuse by ensuring they are nurtured and loved by our four-legged heroes,” said Sara O’Meara, Childhelp’s founder, CEO & chairman. “Childhelp therapy dogs are responsible for so many breakthroughs and so much healing. LGE’s kindness will create 20,000 miracles for the children we love.”Childhelp’s service dogs play an important role in supporting abused children.“When a child is brave enough to tell of their deepest secret, having experienced abuse, we count on the unconditional affection of a dog to provide comfort,” said Maureen Basenberg, Childhelp’s director of Arizona child advocacy programs who oversees the organization’s Facility Dog Program. “The availability of trained facility dogs provides abused children with an abundance of reassurance and affection.”LGE has completed more than 750 projects, representing more than 18 million square feet, during the last 20 years. Select projects include Adelante Healthcare’s built to suit in Mesa, Crescent Crown’s 345,000-square-foot office and distribution facility in Mesa, Garmin International’s 60,000-square-foot regional office in Chandler and FedEx’s North Phoenix build to suit.LGE created the David R. Sellers Foundation to fund its 20 x 20,000 campaign. Named after the founder of LGE Design Build, the foundation is a tribute to the late David R. Sellers who placed family and community at the top of his priorities.last_img read more

West Florida Women No. 2, Men No. 4 in USTFCCCA South Region Rankings

first_img NEW ORLEANS – After winning the Gulf South Conference championship on Saturday, the West Florida women’s cross country team moved up one spot to No. 2 in the United States Track and Field and Cross Country Coaches Association regional rankings released on Tuesday.  Meanwhile, the UWF men’s team remained in the top five and came in at No. 4 in the South Region this week.The UWF women’s team, coming off its fourth win of the season at the GSC Championships, ranks behind only Sunshine State Conference champion Tampa in the South Region.  The top two finishing teams at the NCAA South Regional on Nov. 5 will advance to the NCAA Championships on Nov. 19 in Spokane, Wash.On the men’s side, the top team remained the same in GSC champion Alabama-Huntsville.  The Argos fell from No. 2 to No. 4, as SSC champion Tampa moved up to No. 2 and Florida Southern to No. 3.“For both the men and women, there is a clear-cut No. 1 team, but the two through six spots have been switching around all season,” explained head coach John Bergen.  “It shows how competitive our region is and how close those teams are that are fighting for the second spot.  Both our teams have been No. 2 at some point this year, so if we can run our best at the regional meet, we have a solid chance of advancing.”The Argonauts will look to advance to the national meet for the first time in program history in both men’s and women’s cross country.  Their fate will be decided at the NCAA South Regional hosted by Tampa at Dover Trails on Nov. 5.  The women’s 6k will start at 8 a.m. ET, and the men’s 10k will follow at 9 a.m. ET.  For information on all UWF Athletics, visit www.GoArgos.com.USTFCCCA Division II Regional Rankings Print Friendly Version Chris Roach (Photo by Chris Nelson) Sharecenter_img West Florida Women No. 2, Men No. 4 in USTFCCCA South Region Rankingslast_img read more

Oil Search donates trophies for volleyball tournaments

first_imgVolleyball The Oil Search Foundation has donated trophies and shields worth more than K9,000 to PNG Volleyball Incorporated for its upcoming calendar events this year. The events include the national club championships (this weekend), National championships (September) and beach volleyball championships. PNGI president Kila Dick thanked Oil Search Foundation for their timely support, saying it was biggest challenge for the selectors to identify potential players to it to the national level. “But we need some form of backing as sponsors don’t come easily these days and Oil Search Foundation has been great to give their support which will go a long way to promoting the sport. “They have been generous enough to support us,” Dick said. Oil Search Founding executive director Stephanie Copus-Campell said it is part of their social obligation to promote a better and healthy lifestyle. “Sports plays a vital role with mental health aspects and we want tap into it and help. It is our very first time to support this particular sport and we are grateful to help and promote better healthy living for everyone,” Copus-Campbell said. The national club championship will start this Saturday and end with the finals on Monday (Remembrance Day).last_img read more