IPO

Georgia, Senegal, and Ghana could be the next candidates to be upgraded to MSCI frontier market status, according to LGM Investments' Thomas Vester.

Challenger bank Virgin Money has priced its shares at the bottom of their range as it relaunches its delayed IPO.

A raft of pulled IPOs in October point to a more rational environment for new listings, managers suggest.

ITs in 2014: Narrowing discounts and an income focus

UK 'challenger bank' Aldermore is set to float later this month, with a share price which values the business at around £800m.

Challenger bank Virgin Money has announced plans for an initial public offering this month, committing to a progressive dividend policy in the process.

Lloyds Banking Group is to sell another 11.5% stake in its TSB business, leaving it with a 50% holding in what promises to become a challenger to the UK's existing retail banking industry.

Investors are set to snap up cheaper IPOs after a series of flops at the start of the summer, Unicorn managers Fraser Mackersie and Simon Moon have forecast.

Taxpayers lost out on roughly £1bn in the Royal Mail initial public offering due to poorly-priced shares, MPs have said.

Business Secretary Vince Cable has bowed to mounting pressure for an inquiry into the privatisation of the Royal Mail, ahead of a critical report due on Friday.