NetEase Unit Will Test Appetite for Chinese IPOs in U.S.

NetEase Inc.’s online education arm, Youdao Inc., begins trading on the New York Stock Exchange on Friday in what is set to be a test of appetite for U.S. initial public offerings by Chinese companies after poor performance this year. Youdao priced its IPO at $17 a...

Blackstone extends deadline for Unizo offer to November 6

U.S. buyout firm Blackstone Group said on Monday it had extended the deadline for its offer to buy hotel operator Unizo Holdings to Nov. 6 from Monday. Blackstone said the extension was “to provide additional time” for Unizo to respond to the offer. The firm had told...

US private equity bids for UK companies switch to dollars

Shift away from pounds acts as protection from Brexit-related currency swings US private equity groups buying UK-listed companies have started paying in dollars rather than pounds, in a move that protects them from Brexit-related swings in sterling and passes the risk...