IPO Roundup for January 12, 2018

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

  • Global IPO Rush Skips Czech Bourse as More Delistings Loom
    on 2018-01-11 at 13:30While the PX Index rose 17 percent last year, turnover shrank 14 percent to the lowest in at least a decade and the bourse hosted no initial public offerings, even as global IPO volumes jumped 34 percent and trading rose in most markets. To make things worse, three of the Czech benchmark’s 13 … […]

  • HTG Molecular: Upside For This ~$3.50 ‘Busted IPO‘?
    on 2018-01-11 at 13:18This ‘Busted IPO’ has started to garner positive analyst support, has some recent insider buying and a compelling technology platform. … The name popped onto my radar recently thanks to positive analyst commentary on this ‘off the radar’ name which happens to also be a ‘Busted IPO’ Currently. […]

  • ETMarkets After Hours: Q3 numbers spook IndusInd; Apollo Micro IPO subscribed over 8 times
    on 2018-01-11 at 11:48After taking a breather for a day, the bulls returned to lift the benchmark indices to new peaks on Thursday. The S&P BSE Sensex settled at a fresh lifetime high of 34,503 on Thursday, with IT major Infosys (up 2 per cent) being the top gainer and IndusInd Bank (down 2 per cent) the worst laggard. […]

  • Apollo Micro Systems IPO subscribed 5 times on Day 2
    on 2018-01-11 at 10:31NEW DELHI: The Apollo Micro Systems’s initial public offer (IPO) was subscribed 5 times on the second day of bidding today. … The IPO of the company which caters primarily to the defence and aerospace sectors is being sold in the Rs 270-275 price band, and it will remain open for bidding till Friday. […]

  • Apollo Micro IPO subscribed 2.04 times on Day 2
    on 2018-01-11 at 09:14The IPO received bids for 84,57,750 lakh shares against the issue size of 41,44,955 lakh shares. Of the total number of shares, QIBs bid for 6,600 shares against 11,51,875 reserved for them, non institutional investors 4,39,400 against 8,63,800, retail individual investors bid for 61,92,000 against the offer … […]

DealStreet Asia IPO

Singapore IPOs

Seeking Alpha IPO Analysis

PE Hub IPO (US)

  • PE-backed Victory Capital files for IPO
    by Luisa Beltran on 2018-01-12 at 01:24Victory Capital Holdings Inc has filed to go public on the Nasdaq, according to a Jan. 11 regulatory filing. Joint book runners on the deal include JP Morgan, BofA Merrill Lynch, and Morgan Stanley.  Victory Capital, an investment management firm, is backed by Crestview Partners and Reverence Capital Partners. Victory Capital, of Brooklyn, Ohio, did not disclose how many shares it […]

  • Apollo-backed ADT sets IPO pricing terms
    by Iris Dorbian on 2018-01-05 at 15:31ADT, a provider of security and automation solutions for homes and businesses in North America, has priced its IPO of over 111 million shares at between $17 and $19 per share. ADT is planning on trading the stock on the New York Stock Exchange under the symbol “ADT.” Morgan Stanley, Goldman Sachs, Barclays, Deutsche Bank Securities and RBC Capital Markets are the lead underwriters. ADT […]

  • U.S.-based Mojo Networks eyes IPO in about two years: Reuters
    by Reuters News on 2018-01-04 at 15:46Wi-Fi equipment maker Mojo Networks is eyeing a stock market listing in about two years and expects annual sales to hit $100 million by then, the company’s co-founder Pravin Bhagwat said. […]

  • VC-backed Armo Biosciences files for IPO
    by Iris Dorbian on 2018-01-02 at 15:48Redwood City, California-based Armo BioSciences Inc, a late-stage immuno-oncology company, has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. The company is planning on trading its stock on the NASDAQ under the ticker symbol “ARMO.” Jefferies LLC, Leerink Partners LLC and BMO Capital Markets Corp are the lead underwriters. Armo’s […]

  • Hong Kong eyes blockbuster China tech IPO queue, led by Xiaomi: Reuters
    by Reuters News on 2017-12-29 at 14:45Hong Kong bankers are eyeing a slew of blockbuster IPOs from Chinese technology firms with a total market capitalization of some $500 billion over the next two years, in a sharp contrast to 2017 – the city’s worst year for raising equity in a decade, Reuters reported. […]

PE Hub IPO (Canada)

  • ONCAP’s Pinnacle shoots for $200 mln in 2018’s first PE-backed IPO
    by Kirk Falconer on 2018-01-10 at 19:22Pinnacle Renewable Energy Group, an industrial-wood-pellet maker and distributor, this week priced its recently filed initial public offering in Canada. The Richmond, British Columbia, company is seeking to raise $175 million by selling common shares at $13 to $15 per unit, the updated prospectus shows. The issue’s greenshoe option, if fully exercised, would bring the total raised to more […]

  • Oaktree’s Neo Performance wraps up IPO, raises $220 mln
    by Kirk Falconer on 2018-01-08 at 20:11Neo Performance Materials Inc, an advanced materials supplier, has wrapped up the greenshoe option of its recent initial public offering in Canada. The option generated an additional $19.8 million, bringing the issue’s total proceeds to about $220 million. The company’s majority owner, U.S. distressed investor Oaktree Capital Management, accounted for the entire amount, […]

  • Canadian IPO activity seen accelerating in 2018: Reuters
    by Reuters News on 2018-01-04 at 20:48Initial public offerings by Canadian companies are expected to increase in 2018, driven by activity in industrials, alternative energy and base metals sectors, banking advisers told Reuters. Companies raised $4.6 billion (US$3.7 billion) through IPOs in 2017, marking a surge in activity following a lull the previous year, according to numbers from Thomson Reuters that were released on Thursday. […]

  • Canada’s IPO market posts $5.1 bln five-year record in 2017
    by Kirk Falconer on 2018-01-02 at 22:32Canada’s initial public offering (IPO) market set a five-year record in 2017, with a total of $5.1 billion in proceeds raised by 38 new equity issues, according to a survey by PwC. Activity was supported by an especially strong fourth quarter that saw $1.7 billion raised, in large part due to revived mining IPOs. Private equity- and venture-backed IPOs also played a key role […]

  • ONCAP’s Pinnacle Renewable files to go public in Canada
    by Kirk Falconer on 2017-12-18 at 22:47Pinnacle Renewable Holdings Inc, a Richmond, British Columbia-based industrial wood pellet manufacturer and distributor, has filed a preliminary prospectus with Canadian securities regulators for an initial public offering of common shares. The IPO has not yet been priced; however, Reuters reported the company is looking to raise about $175 million. The offering […]

Global Capital – IPO

The Economic Times IPO (India)

Business Standard IPOs

IPO Central

  • Newgen Software IPO Review: Is it really peerless?
    by Krishna Bagra on 2018-01-11 at 17:24Newgen Software is coming up with its IPO on 16 January as the second mainboard public offer of this year. Priced in the range of INR240 – 245 per share, the IPO will remain open till 18 January.  The New-Delhi-based company plans to mobilize up to INR424.62 crore (INR4.24 billion) through a mix of fresh The post Newgen Software IPO Review: Is it really peerless? appeared first on IPO […]

  • Apollo Micro Systems IPO recommendations: Here is what analysts think
    by Vipin Mathur on 2018-01-10 at 05:01Apollo Micro Systems IPO opens today for subscription and has already raised INR46.6 crore (INR466 million) by selling shares to anchor investors. Among the buyers are National Westminster Bank Plc, Sundaram Mutual Fund, and Jupiter South Asia. Priced in the range of INR270-275 per share, the IPO aims to raise INR156 crore. Since the IPO The post Apollo Micro Systems IPO recommendations: Here is […]

  • Apollo Micro Systems IPO Review: Solid play on defense
    by Krishna Bagra on 2018-01-06 at 17:29India’s primary market is starting activity in 2018 with the launch of Apollo Micro Systems IPO on 10 January. Following a hugely successful year in 2017, IPO investors are looking forward to continued returns this year too. Nevertheless, allotments were difficult for investors last year and Apollo Micro Systems IPO’s small size of just INR156 The post Apollo Micro Systems IPO […]

IPO Scoop

  • The IPO Buzz: Spotify in the Spotlight
    by John E. Fitzgibbon Jr. on 2018-01-08 at 00:27January 2018 opened its first week with some eye-popping news. Spotify reportedly filed for a direct listing and bankers quietly filed pricing dates for six IPOs to raise nearly $3.1 billion. And we were only five days into the month. Spotify’s plans to go public came in the form of a confidential filing with the […]

  • IPO Traffic: Week Ending Jan. 5 , 2018
    by John E. Fitzgibbon Jr. on 2018-01-06 at 19:37  Lead Manager/ # of Price Range   Dollar SCOOP New Filings (Proposed Symbol) Joint-Lead Managers Shares Low High Volume Ratings Central Puerto S.A. (CEPU) BofA Merrill Lynch/ JP Morgan $100.00 n.a. Iron Horse Acquisition (LOU.U) (u) Citigroup/ Goldman Sachs 50.00 $10.00 $10.00 $500.00 n.a. Motus GI Holdings (MOTS) Piper Jaffray/ Oppenheimer $28.75 n.a. n.a. […]

  • The IPO Buzz: Recovery Year in Rearview Mirror
    by John E. Fitzgibbon Jr. on 2018-01-01 at 22:40While the major U.S stock market indexes closed out 2017 a shade off record highs, the IPO market could best be described as winding up a “recovery year.” Investment bankers turned out a total of 151 IPOs in 2017, according to the U.S. Securities and Exchange Commission filings. That was up from 94 IPOs in […]

  • IPO Traffic: Week Ending Dec. 29 , 2017
    by John E. Fitzgibbon Jr. on 2017-12-31 at 18:35  Lead Manager/ # of Price Range   Dollar SCOOP New Filings (Proposed Symbol) Joint-Lead Managers Shares Low High Volume Ratings ARMO BioSciences (ARMO) Jefferies/ Leerink Partners/ BMO Capital Markets $86.25 n.a. DFB Healthcare Acquisitions (TBA) (u) Goldman Sachs/ Deutsche Bank Securities 25.00 $10.00 $10.00 $250.00 n.a. Gates Industrial Corporation plc (GTES) Citigroup/ Morgan […]

Money Control IPOs