Shares of BRP Inc., the maker of Ski-Doo snowmobiles and three-wheeled motorcycles, have surged 31 percent since their May debut, the best performer among Canada’s biggest initial public offerings this year.
For the last four years, private- equity firms have taken few of their Australian companies public. The main culprit: a lackluster initial public offering by the country’s largest department-store chain that soured investors.
Shuanghui International Holdings Ltd., the Chinese company that bought the world’s biggest pork supplier this year, plans to seek as much as $6 billion in an initial public offering in Hong Kong, said two people with knowledge of the matter.
Goldman Sachs Group Inc. and other underwriters on Twitter Inc.’s initial public offering will share about $59.2 million for managing the sale after accepting one of the smallest fee rates for a U.S. IPO this year.
Lazard Capital Markets LLC, the closely held brokerage controlled by current and former Lazard Ltd. employees, said Chief Executive Officer William Buchanan resigned after the firm completed its strategic review.