Genworth IPO seen as turning point
Parador Asset Management named investment advisor
Trust to convert to open-end mutual fund in 2010
Series C shares to yield 5.75% annually
Underwriters agree to buy up $250 million shares on a bought-deal basis
Transactions further strengthen mortgage lender’s capital position
Closing scheduled for Sept. 3
Proceeds invested in gold and silver bullion
Class A units trading on TSX
The market for initial public offerings remained moribund in the first half, but there were some signs of recovery in the second quarter, according to the latest data from PricewaterhouseCoopers.PwC reports that there were only 14 IPOs that raised US$2.3 billion in the first half, a significant drop from the 43 offerings that generated US$27.7 […]