IPO Roundup April 18, 2016

Share plunge means John McGrath’s real estate IPO looks more like a toxic CDO

The great Australian property crash of 2016 has come a little early for those who parked their cash in John McGrath‘s real estate IPO, McGrath Ltd.

The real estate groupies who walked into McGrath’s front door with $130 million cash in December, probably should have noted the fact that Mr McGrath was walking out the back door with roughly $37.4 million of that cash. 

StatePlus readies draft prospectus as IPO track ramps up | afr.com

The listing route for financial planning business StatePlus is gathering steam.

Street Talk can reveal a draft prospectus will be available to selected fund managers this week ahead of management meetings slated for before the end of the month.

That will include StatePlus managing director Michael Monaghan, a former Deloitte partner and Deutsche Bank executive, and his team, who will be keen to impress and get the chance to run an ASX-listed entity. 

The IPO market just got what it needs to officially lift off | Business Insider India

The initial public offering market may finally be able to take off again.

That’s because Bats Global Markets priced the largest deal of the year on Thursday, and it was a huge success. 

Companies line up IPOs worth Rs 15,000 cr | Business Standard News

The IPO lane is getting increasingly crowded as companies have lined up offers worth more than Rs 15,000 crore in the current fiscal to fund their business expansion, meet working capital requirements and make loan repayments.

Dilip Buildcon, New Delhi Centre for Sight, Ujjivan Financial Services, Quess Corp, Hinduja Leyland Finance and Seaways Shipping and Logistics are among the ones that plan to launch share-sale offers in the coming months. 

Forex Industry Week Review – Ayondo and XTB IPOs, DDoS attacks, CySEC Binary Options rules, and lots more | LeapRate

Forex industry news at LeapRate was certainly dominated this week by IPO fever. With equity markets especially for tech and growth companies in both the US and Europe having a hot start to 2016, companies having the results to back up their stories are now looking to go public.

And the Forex sector is no exception. 

Aviation sector: Betting high | Business Line

The sector is known to make millionaires of billionaires, and Warren Buffett famously shuns it. But investors who had the gumption to bet on Indian aviation stocks in the dreary days of late 2014 would be pleased as punch.

The SpiceJet stock has more than quadrupled while the Jet Airways stock has nearly tripled since then, despite losing ground in recent months. Investors in the IndiGo Airlines IPO in October 2015 would be sitting on gains of about 35 per cent — lower than the 75 per cent plus gains at the beginning of the year but still quite neat. Investors may soon have another stock to bet on; reports indicate that GoAir may hit the market in 2016-17. 


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