Visa-Backed Paymate Picks Banks for $400 Million IPO
ICICI Securities, JM Financial and Nomura are picked. Company plans to file draft prospectus as early as September. Paymate India Pvt, a business-to-business payment solution provider, has selected banks for its Mumbai initial public offering that could raise about $400 million, according to people familiar with the matter.ICICI Securities Ltd., JM Financial Ltd. and Nomura Holdings Inc. were picked to help arrange the share sale, which could take place as soon as next year, said the people, who
Morgan Stanley: This Cycle Will Be "Hotter But Shorter" Than Usual
This cycle is unusual. Most 'normal' cycles are. We think that the recovery is sustainable and more likely to be ‘hotter and shorter’. Sell Treasuries and trust the expansion.