Bloomberg Just when you thought Hong Kong’s IPO market couldn’t get any frothier, a bubble tea maker just surged 298 percent in its debut. Shares of B & S International Holdings Ltd., known for a famous franchise called TenRen, staged the strongest mainboard debut in two years, closing at HK$3.98, after selling initial shares at HK$1. With orders for 2,601 ...

Bloomberg Prudential Plc soared on plans to split the firm by spinning off its UK operations, a move that will create an insurance business focussed on faster-growth markets in Asia, Africa and the US. Investors will receive shares in M&G Prudential, formed in 2017 through the combination of its UK asset-management business with European insurance assets. Both firms are likely ...

Bloomberg The Benetton family’s Atlantia SpA reached a preliminary agreement with Real Madrid Chairman Florentino Perez’s ACS to jointly buy Abertis Infraestructuras SA, ending an eight-month battle for control of the Spanish toll-road operator. The accord was expected to be discussed at a board meeting on Wednesday, Rome-based Atlantia said in a statement, without giving any details. Shares in Abertis ...