Alibaba raised the range for its initial public offering to $66 to $68 a share on Monday, according to a Securities and Exchange Commission filing. The e-commerce giant had previously said in a filing its IPO price would be in the range of $60 to $66 per share. The company […]
Capital Market
Bulls Resurface on Nigerian Equities Market, Benchmark Index Up 0.24%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Bulls resurfaced on Monday at the Nigerian equities market as all-share index (ASI) inched up 0.24 percent to close at 49,769 points, while market capitalisation appreciated N31.72 billion to close at N13.46 trillion. The 0.24 percent gain compared with the 0.21 depreciation recorded the previous […]
SABMiller shares jump on WSJ report of AB InBev interest
Shares in SABMiller jumped 13 percent to an all time high on Monday after a report in the Wall Street Journal said that larger rival Anheuser-Busch InBev was talking to banks about financing a possible $122 billion takeover bid. The newspaper, citing a person familiar with the matter, said AB […]
