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ANZ considers IPO for UDC Finance

ANZ says it will explore the possibility of an initial public offering (IPO) of
ordinary shares in UDC Finance as part of a range of strategic options for UDC’s future.

A wholly-owned subsidiary of ANZ Bank New Zealand, UDC provides asset finance for a range of industries, including transport, agriculture and manufacturing. 

ANZ New Zealand CEO David Hisco said: “We have been looking at strategic options for UDC’s future for some time as part of ANZ’s strategy to simplify the bank and improve capital efficiency.

“While UDC is continuing to perform well and there is no immediate requirement to make decisions, after last year’s planned sale to HNA did not proceed it makes sense to keep examining a broad range of options for UDC’s future.

“This will include exploring whether, subject to market conditions, an IPO would be in the interests of UDC’s staff and customers, and ANZ shareholders.

“The range of strategic options we have for UDC, including approaches we have received regarding the business and the option of retaining it, will take a number of months to examine before any decision is made. In the meantime, it will continue to be business as usual for UDC,” Mr Hisco said.

The HNA sale was first announced by ANZ in January 2017, but fell through a year later after the Overseas Investment Office (OIO) declined the application. 

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Optimus Group’s debut on the Stock Exchange

The Boxing Day debut of Optimus Group on the second section of the Tokyo Stock Exchange marked the year’s final IPO.

The used-car exporter opened at 2,001 yen, 11 per cent above its offering price, and ended the day at 2,325 yen.

Optimus Group’s chart on BusinessInsider

Today’s outlook shows that shares had risen to 2825 yen. The price of 2,825 yen equals a price of 35.27 NZD at the current exchange rate for JPY/NZD.

“We’re committed to meeting the market’s expectations and growing our profits,” President Nobuya Yamanaka said to Nikkei, regarding the listing earlier this week.

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AM reportedly preparing for an IPO

Aston Martin is reportedly preparing for a stock market listing or sale in the second half of 2018, said sources familiar with the matter. 

 reported earlier in the week that the key owners of Aston Martin,  Investindustrial and Kuwaiti investors, who own 90 per cent of the British marque, have hired investment bank Lazard to work on a preliminary plan and could either opt for an initial public offering (IPO) in the third or fourth quarter of 2018 or a trade sale, two of the sources stated. 

The move could see the marque valued at between 2 and 3 billion pounds, one of the sources said, adding a listing was the most likely option.

Neither Investindustrial, Aston Martin, Lazard, or one of the Kuwaiti investors have commented on the possibility of an IPO or sale and the investors could decide to retain control if they so wanted. 

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Optimus Group announces IPO

The company plans to offer a total of 1,611,200 common shares.

Optimus Group Co Ltd announces initial public offering (IPO) on the Tokyo Stock Exchange (TSE) on December 26, 2017.

The stock will begin trading on the TSE under the symbol “9268.”

In its initial public offering, the company plans to offer a total of 1,611,200 common shares, of that 270,600 will be newly issued shares and 1,340,600 will be privately held.

The company says the nominal offering price as of filing date of Registration Statement is 1,710 yen per share with total offering amount to be 2.76 billion yen, and the fixed offering price to be announced at a later date.

If the offering price is achieved and the allocation fully subscribed, the group will realise approximately 35 million NZ dollars.

Nomura Securities Co Ltd will be underwriting this offer.

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