Coal India IPO could raise 3.5 billion dollars: report

Shares in state-run Coal India, the world's biggest coal miner, soared more than 17 percent on their stock market debut Thursday, capping a hugely successful initial public offering (IPO).The sale of a 10-percent stake in Kolkata-based Coal India last month was the biggest share sale in Indian history and made the government 3.4 billion dollars.Within seconds of opening on the Mumbai stock exchange, the miner's shares jumped 17 percent to 287.7 rupees (6.5 dollars), from their issue price of 245 rupees.

Shares in state-run Coal India, the world's biggest coal miner, soared more than 17 percent on their stock market debut Thursday, capping a hugely successful initial public offering (IPO).The sale of a 10-percent stake in Kolkata-based Coal India last month was the biggest share sale in Indian history and made the government 3.4 billion dollars.Within seconds of opening on the Mumbai stock exchange, the miner's shares jumped 17 percent to 287.7 rupees (6.5 dollars), from their issue price of 245 rupees.

Trader Mark submits:In case you missed, Coal India IPO'd last week to great success

By Robert Broens: The Initial Public Offering market remains red hot with the much anticipated offering of Facebook (FB) just weeks away and equity markets trading around four-year highs, despite a recent pullback. This week I will review the initial public offerings for the week of April 16 - 20. Last week's IPO's

By Robert Broens: The Initial Public Offering market remains red hot with the much anticipated offering of Facebook (FB) just weeks away and equity markets trading around four-year highs, despite this week's pullback. This week I will review the initial public offerings for the week of 9 April till 13 April 2012. Last week's IPO's

India said Monday its biggest-ever share offer of stock in state-run Coal India will bring more than 3.4 billion dollars into government coffers.The share sale, which opened last Monday and closed Thursday, drew strong demand of 52.48 billion dollars, giving a boost to the federal government's disinvestment drive.The "IPO will fetch the government around 150 billion rupees," Coal Secretary C. Balakrishnan told reporters in New Delhi.

The share sale of the Asian unit of US life insurer AIG could close two days early due to stronger-than-expected demand, a report said on Monday.The initial public offering for AIA could raise up to 20 billion dollars this month, making it the world's second biggest IPO this year.And the firm looked well on course to achieve that as investors snapped up shares, which went on sale Monday, the Wall Street Journal said, citing people familiar with the situation.It said the sale may have to close on Tuesday rather than Thursday.

Swiss commodities giant Glencore plans to raise up to $11 billion from listings in London and Hong Kong, in what is set to be the biggest initial public offering this year, a report said Thursday.The group is expected to sell 2.5-10 percent of the offering to Hong Kong retail investors, Dow Jones Newswires said, quoting a term sheet.The report said Glencore, the world's largest commodities trader by revenue, will set an indicative price range for the shares around May 4.