IPO Roundup April 22, 2016


Blackstone’s Optiv Said to Explore Sale in Addition to IPO – Bloomberg

Optiv Security LLC, the cybersecurity company backed by Blackstone Group LP that’s preparing to go public, will explore a sale at the same time, people with knowledge of the matter said. 


SecureWorks, first tech IPO of 2016, opens at $13.89 after pricing at $14 a share

Shares of the cybersecurity company, listed under the ticker “SCWX,” opened lower at $13.89, but quickly recovered, last trading slightly higher above $14 on a day the Nasdaq traded down 1 percent. This is the first initial public offering (IPO) of a U.S. technology company in 2016. 


Pharmaceutical services firm Medpace readies IPO: sources | Reuters

Pharmaceutical services company Medpace Inc is preparing for a potential initial public offering in the United States that could value the pharmaceutical contract research organization at more than $1 billion, including debt, according to people familiar with the matter. 


Vodafone invites bankers to pitch on potential IPO of India unit — FT.com

Vodafone has asked investment banks to submit their proposals to handle a potential initial public offering of its Indian unit, moving a step closer to realising the long anticipated listing. 


Univision Said Eyeing Second Half of Year for $1 Billion IPO – Bloomberg

Univision Holdings Inc., the largest Spanish-language broadcaster in the U.S., is aiming for the second half of the year for its initial public offering that could raise as much as $1 billion, according to people with knowledge of the matter. 


American Renal pitches physician clinic ownership in $165 million IPO – Modern Healthcare Modern Healthcare business news, research, data and events

American Renal Associates, which owns clinics in partnership with physicians, raised about $165 million this week through an initial public offering that sets the stage for the company to expand into new markets.


IPO Street: Ujjivan to raise Rs 900 cr; Impressive debut by Equitas Holdings – The Hindu

Micro-lender Ujjivan Financial will hit the capital markets to raise about Rs 880 crore which constitutes a fresh issue of shares for Rs. 358.16 crore and the rest from an offer for sale of over 2.49 crore equity shares to existing shareholders. 


SecureWorks starts trading below issue price in year’s first tech IPO – MarketWatch

SecureWorks Inc. SCWX, -0.14% , the year’s first U.S. tech initial public offering, was trading at $13.69 Friday, below its issue price of $14. SecureWorks, a cybersecurity company, is a spinoff of Dell Inc. and had already priced below the initial range of $15.50 to $17.50. The company sold 8 million shares to raise $112 million. Bank of America Merrill Lynch, Morgan Stanley, Goldman, Sachs & Co. and J.P. Morgan were the lead underwriters. 


Vodafone invites banks to pitch for $2-2.5 billion Indian IPO – Livemint

Vodafone Group Plc has set the ball rolling for the long-awaited initial public offer (IPO) of shares in its Indian subsidiary by inviting banks, including Citigroup, Goldman Sachs SA and Morgan Stanley, to make pitches to manage it, people with direct knowledge of the deal said. 


India’s First Insurance IPO Paves Way for $50 Billion Industry – Bloomberg

India will get its first life-insurance listing since it opened up to private-sector investors 16 years ago, paving the way for more companies seeking to go public in an industrythat’s since grown to more than $50 billion. 


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