IPO Roundup April 26, 2016


Thyrocare IPO opens on Wednesday; here’s what you should need to know – The Economic Times

The initial public offering (IPO) of Thyrocare Technologies, a pan-India diagnostic chain, is set to hit the market on Wednesday, with the company looking to sell shares worth up to Rs 480 crore (Rs 451 crore at the lower end of the price band) through an offer for sale (OFS) of up to 10,744,708 equity shares.

The company has set the IPO price band at Rs 420-Rs 446 and fixed the retail investor quota at 35 per cent, suggesting that small investors can buy up to Rs 168 crore worth. 


Philips More Likely to Sell Lighting Unit Via IPO Than Private Sale – WSJ

Royal Philips NV said on Monday it was more likely to sell its lighting arm via an initial public offering as the Dutch electronics group struggles to find a buyer for the business.

Philips said in its latest earnings report that it tilts toward an IPO even as it continues to look at proposals in a private sale process.

“With equity markets’ sentiment improving compared with the first couple of months of the year, an IPO increasingly appears a more likely outcome,” the company said. A decision could be announced “shortly,” it added.

On Monday, shares in Philips fell 4.3% to €24.08 ($27.03) in Amsterdam as investors reacted to the news of a possible listing. 


Selected banks to make presentation to Vodafone for India IPO – The Economic Times

Banks that have been shortlisted to bid for managing Vodafone India’s planned initial public offering are scheduled to make their presentations in the UK starting Monday and the lead bank may be selected by the middle of the week.

Until now, the banks have made preliminary presentations to Rothschild, the advisor to the issue, which has been mandated to keep the final selection down to four. “The beauty parade in London will begin from Monday”. 


Fertitta Brothers Set to Take Home the Jackpot in Red Rock IPO – Bloomberg

In the casino business, the saying goes that the house always wins. In Red Rock Resorts Inc.’s upcoming initial public offering, the Fertitta brothers certainly stand to come out on top.

Frank, 54, and Lorenzo, 47, are chief executive officer and director, respectively, of Las Vegas-based Red Rock, a casino operator scheduled to price its IPO on April 26. At the high end of its marketed range, Red Rock could raise $572.25 million, making it the largest IPO so far this year, according to data compiled by Bloomberg that excludes REITs, special purpose companies, and closed-end and country funds. 


GE to raise $829m from Czech bank IPO

General Electric is set to raise about $829m from the IPO of its Czech banking business, which it is floating as part of a strategy overhaul that will see it retrench from finance to focus on its industrial and technology businesses. 


Kelly-Trump Hi-Noon Showdown, SecureWorks IPO The Stud That Never Was And Facebook Rolls – Forbes

This week, social networking companies Twitter TWTR -0.81% (on Tuesday), Facebook FB -0.39% (on Wednesday) and LinkedIn LNKD +0.86% (on Thursday) all report their Q1 numbers to Wall Street. Twitter and LinkedIn are just trying to find their feet as they are having problems connecting a product strategy to revenue growth, and Facebook is the 800-pound gorilla with the Big MO (momentum), but it might have a sore toe that could turn into a nightmare scenario if analysts find facts that Facebook users are feeling weary about posting personal updates on their News Feed – posting personal updates is core to the Facebook platform. Zuckerberg was very smart to give the so-called vision speech last week. The real reason for the speech was to jolly along Wall Street and make them think about the next 10 years at Facebook – and not the last 10 weeks of numbers on users’ postings. Meanwhile, he has a team in London working on the problem. 


BOC Aviation Said to Gauge Demand for Up to $1.5 Billion IPO – Bloomberg

BOC Aviation Ltd., Asia’s biggest aircraft-leasing company by asset value, began gauging demand Monday for a Hong Kong initial public offering that could raise as much as $1.5 billion, people with knowledge of the matter said. 


Parag Milk’s IPO to open on May 4; to mop-up Rs 750 crore – The Economic Times

Dairy firm Parag Milk Foods will hit the capital markets on May 4 to raise an estimated Rs 750 crore through initial public offer (IPO).

The public issue comprises fresh issue of equity shares worth Rs 300 crore and an offer for sale of over 2 crore equity shares.

The proceeds of the issue will be utilised for expansion and modernisation as well as investment in its subsidiary.

The firm had received Sebi’s permission for the public offer in December last year.


Less Than 5% Of Saudi Aramco To Be Sold Through IPO – NDTV Profit

Saudi Arabia plans to sell less than 5 percent of its state oil company Saudi Aramco through an initial public offering (IPO), Deputy Crown Prince Mohammed bin Salman said on Monday.

He said in a television interview he expected Aramco, the world’s biggest energy company, to be valued at more than $2 trillion and that he wanted it to be transformed into a holding company with an elected board. 


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