African Unit: Bottom End and Clothing Retailer

african unit: It's a welcome indication that investors can stay rational despite buoyant stock markets, according to Global Times China. Volkswagen's truck business Traton and the African unit of India's telecom group Bharti Airtel will each sell shares towards the bottom end of their respective initial ranges, Reuters reported late on Wednesday. For once there's some truth to that catch-all excuse, with three very different European companies pricing at relatively modest valuations on the same day. On the same day, online clothing retailer Global Fashion Group GFG lowered its IPO price to 4.50 euros 5.1 per share, or one-quarter below the bottom end of the initial range. VW will hold a controlling stake in Traton after the float. There were reasons to be wary. (news.financializer.com). As reported in the news.