OQ Gas Networks Announces IPO: Oman’s Path to Economic Diversification
OQ Gas Networks (OQGN) has unveiled its ambitious plans for an initial public offering (IPO), set to raise approximately $771 million in a bid to bolster Oman’s economy. The IPO, which could be valued at up to $1.574 billion, is a significant step in Oman’s strategic effort to diversify its economy and attract investment. Investors will have the opportunity to participate in two categories, with the subscription period opening on September 26 and shares expected to be listed on the Muscat Stock Exchange around October 24, 2023. Anchor investors, including Saudi Omani Investment Company and Qatar Investment Authority subsidiary Falcon Investments LLC, have already displayed strong interest, highlighting the appeal of Oman’s critical infrastructure and growth potential for both local and global investors.
BlackRock and Alliance Bernstein to Invest in Klaviyo
Major asset manager including BlackRock and research and services firm Alliance Bernstein LP have evinced interest to be cornerstone investors in the marketing automation company Klaviyo’s planned Initial Public Offering (IPO) on New York Stock Exchange (NYSE) by end of this year and Klaviyo hopes to raise up to $518 million in the public listing, media reports said.
Ant-linked firms’ shares rise after news of Jack Ma ceding control; Alibaba jumps
Shares of listed Chinese companies that count Ant Group as a major shareholder rose on Monday after announcements that Ant founder Jack Ma is giving up control of the fintech giant following an overhaul.
Alibaba aims to add primary listing in Hong Kong, woo China investors after crackdown
Alibaba (9988.HK) plans to add a primary listing in Hong Kong to its New York presence, targeting investors in mainland China as it becomes the first big company to take advantage of a rule change in the financial hub to attract high-tech Chinese firms.
