IPO Roundup for December 6, 2017

IPO News Roundup For The Day

News on Initial Public Offerings, startups, entrepreneurship, and funding found around the web, curated for you from various sources. Happy reading!


Various IPO News

  • Shalby Hospitals IPO subscribed 20% on first day
    on 2017-12-05 at 12:45The initial public offering of Ahmedabad-based Shalby Ltd, which runs a chain of multi-specialty hospitals under the brand Shalby Hospitals, was covered just 20% on the first day of the issue on Tuesday. The issue received bids for 2.93 million shares against the 14.52 million shares on offer, excluding … […]

  • Spotify, Like Google, Wants to Reinvent the Tech IPO
    on 2017-12-05 at 12:11Early next year music-streaming service Spotify is due to mount what is arguably the greatest challenge to the Wall Street IPO machine since Google went public in 2004. Silicon Valley’s startup giants will be watching closely. Originally from Sweden, Spotify has both disrupted and revived the global … […]

  • Shalby Hospitals IPO subscribed 0.09 times on Day 1
    on 2017-12-05 at 10:52The IPO, fixed at a price band of ₹245-248 a share, opened to the public on Tuesday and will close on Thursday. The issue comprises offer-for-sale of 10 lakh shares (worth about ₹25 crore) by promoter Dr Vikram Shah and fresh issue of ₹480 crore. The equity shares are proposed to be listed on the … […]

  • China’s Lufax picks banks for up to $5 bln Hong Kong IPO – IFR
    on 2017-12-05 at 10:18HONG KONG, Dec 5 (Reuters) – Chinese online wealth management firm Lufax has hired five banks to work on an up to $5 billion Hong Kong initial public offering, IFR reported, citing people familiar with the situation. Lufax, backed by Ping An Insurance, has mandated Citic Securities, Citigroup, … […]

  • City of London heavyweights fly to Saudi Arabia in battle to secure slice of Aramco’s $2 trillion IPO
    on 2017-12-05 at 09:45An unnamed senior executive from the London Stock Exchange is holding meetings in Saudi Arabia this week. They will accompany the City of London’s Lord Mayor, as well as executives from PwC and Standard Life Aberdeen. The trip is believed to be part of the City’s attempts to attract the IPO of … […]

EIN Newsdesk IPOs

  • US appeals court brings back IPO case against Alibaba
    on 2017-12-06 at 05:07… behemoth, defrauded shareholders in its initial public offering (IPO). The case hinges on a … government just before its 2014 IPO. The 2nd U.S. Circuit […]

  • Do You Have News to Share? Get It Published.
    on 2017-12-06 at 05:07With EIN Presswire press release distribution services you will reach decision makers and journalists plus get valuable SEO benefits. […]

  • Future Supply Chain IPO
    on 2017-12-06 at 05:03NEW DELHI: The initial public offering (IPO) Future Supply Chain Solutions kicked … recently came out with an IPO is currently trading at Rs … , and hence we believe the IPO is fairly priced against peers […]

  • Future Supply Chain IPO fairly valued, say analysts
    on 2017-12-06 at 03:51… . Photo: Mint Mumbai: As the initial public offering (IPO) of Future Supply Chain Solutions … issue is fairly priced. The IPO of the logistics arm of … recently came out with an IPO that was at an expensive … GST regime, we believe the IPO is fairly priced versus peers […]

  • Funko looks to rebound from IPO fiasco with overseas push
    on 2017-12-06 at 02:52… unfortunate history with the worst IPO debut in 17 years, Funko … on pop-culture franchises. Funko’s IPO was the worst debut for … were released. The stock’s initial public offering priced at $12 on Nov … CEO chalked up Funko’s IPO woes to investors struggling to […]

DealStreet Asia IPO

Seeking Alpha IPO Analysis

PE Hub IPO (US)

PE Hub IPO (Canada)

  • Oaktree’s Neo Performance adjusts IPO to raise $230 mln
    by Kirk Falconer on 2017-12-05 at 18:04Neo Performance Materials Inc, an advanced materials producer, has revised its recently filed initial public offering in Canada. The company, owned by U.S. distressed investor Oaktree Capital Management, said it will sell up to 12.8 million shares at $18 per unit, generating as much as $230 million in gross proceeds. It originally priced the offering, expected to close on […]

  • Private equity-backed waste manager GFL plans $1 bln IPO: Reuters
    by Reuters News on 2017-11-29 at 22:30Private equity-backed Canadian waste management company GFL Environmental Inc is seeking to raise as much as $1 billion in an initial public offering that could be filed as early as the first quarter, sources told Reuters. A $1 billion IPO would be the biggest Canadian listing since Kinder Morgan Canada Ltd raised $1.7 billion early this year, and would value GFL at nearly $5 billion, the sources […]

  • Onex to collect $120 mln more from Jeld-Wen secondary sale
    by Kirk Falconer on 2017-11-16 at 19:56Jeld-Wen Holding Inc (NYSE: JELD) has priced a secondary offering of 12.5 million shares at US$33.75 per unit for certain investors, including Canadian private equity firm Onex Corp. Onex, which has backed the company since 2011, said its proceeds will be about US$120 million. They add to the US$418 million collected by the firm from a secondary sale in May. Onex will […]

  • Mercer Park launches cannabis SPAC IPO, seeks $125 mln
    by Kirk Falconer on 2017-11-15 at 21:28Cannabis Strategies Acquisition Corp, a Canadian special purpose acquisition corporation (SPAC), has filed an amended and restated preliminary prospectus with most domestic securities regulators for an initial public offering of $125 million of class A restricted voting units. Cannabis Strategies is being sponsored by an affiliate of U.S. family office Mercer Park, led by […]

  • ARC Financial to sell up to $75 mln in STEP Energy shares
    by Kirk Falconer on 2017-11-13 at 22:34STEP Energy Services Ltd, a Calgary coiled tubing and fracturing solutions provider, has launched a secondary offering of common shares on behalf of ARC Financial Corp, a Canadian energy private equity firm. The offering will sell about 5.3 million shares at $12.25 per unit, generating more than $65 million in gross proceeds. The offering’s greenshoe option, if fully exercised, […]

Global Capital – IPO

  • Nissin Foods nets $122m through Hong Kong IPO
    on 2017-12-05 at 10:00Nissin Foods Co has raised HK$950.8m ($121.6m) from its IPO after pricing the shares just off the bottom of guidance, according to a source close to the deal. […]

  • Hong Kong IPOs: the new era is here
    on 2017-12-05 at 10:00Hong Kong’s equity market is finally shaking off its fusty image as a home for unloved Chinese IPOs, with overstuffed bank syndicates and cornerstone tranches, and friends and family deals increasingly becoming a thing of the past. There will be naysayers, but all the signs show that the change is here to stay. […]

  • Yangon waves through fifth IPO on bourse
    on 2017-12-05 at 08:45Myanmar’s TMH Telecom Public Co is preparing to launch an IPO on the Yangon Stock Exchange, which will make it the fifth listing on the budding bourse. […]

  • Shalby kicks off Rp5bn IPO, CMS Info Systems gets nod to list
    on 2017-12-05 at 07:15Indian hospital operator Shalby launched bookbuilding for its up to Rp5.05bn ($78.4m) IPO on Tuesday after putting a portion of stock in the hands of anchor investors. […]

  • Gamenet shrinks, cheapens IPO to get it sold
    on 2017-12-04 at 15:45Italian gambling company Gamenet Group is due to price its Milan IPO at a fixed offer price of €7.50, after the deal was restructured late last week. […]

The Economic Times IPO (India)

Business Standard IPOs