S4 Capital, which has a market value of more than 1.5 billion pounds, will issue stock equivalent to around 6.52% of the company’s equity capital through a so-called accelerated bookbuild, according to an exchange statement on Wednesday.that now is the time to think aggressively,” said Sorrell by phone, acknowledging the risks of new waves of the coronavirus.
HSBC Holdings Plc and Dowgate Capital Ltd. are acting as joint global coordinators on the share issue, according to a statement, and will also serve as joint bookrunners alongside Jefferies International Ltd. Sorrell launched S4 in 2018 shortly after his abrupt resignation as chief executive officer of WPP, which he had built over the course of more than three decades into the world’s largest provider of advertising and marketing services. S4 has hired 200 people during the pandemic, he said.beat his former employer in an auction for the Dutch digital agency MediaMonks Multimedia Holding BV.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: IPOs Boom With Lasting Pandemic Effect on How Deals Get DoneUS equity issues are surging to a record high and projected to stay strong for the rest of 2020 even as the pandemic upends traditional in-person marketing junkets.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK OP-ED: SAA rescue plan reveals government’s tunnel visionWhat is the point of throwing everything at SAA when the rest of the air transport system and entire industries upon which SAA depends are collapsing?
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK ANALYSIS: Will a rebounding China pull other emerging markets along in its wake?China is set to break fresh ground on 17 July 2020 when its economic growth rate is expected to move back into positive territory. In the past, a more vibrant Chinese economy has buoyed emerging markets along with it. But the current heterogeneity of the emerging market universe means that country-specific challenges may well play a larger role in determining the pace of their economic recoveries this time around.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: TFG bids for Edcon’s Jet stores, while trading update paints a bleak retail pictureTFG’s share price was up over 1% in mid-afternoon trade on Monday, which suggests its investors are broadly supportive.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Mining output decline slows in May to almost 30%After very limited operations in April, South Africa's mining sector underwent a gradual reboot in May. The result was that production in the sector that month 'only' fell 30% year-on-year after plunging a revised 50.3% in April, according to data published by Stats SA on Tuesday, 14 July.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Laying down the foundation for pensions to fund infrastructure spendThere are growing calls to amend SA’s pension fund regulation to enable more investment in infrastructure. But not everybody is on the same page ... yet.
Source: dailymaverick - 🏆 3. / 84 Read more »