IPO Roundup April 29, 2016


IPO update: Thyrocare Tech IPO sails through, subscribed 2.24 times – The Economic Times

The initial public offering (IPO) of ThyrocareBSE -4.97 % Technologies, a pan-India diagnostic chain, got subscription fully on Thursday, with the issue receiving bids for 1.68 crore shares against a total issue size of 75.21 lakh shares.

The issue, which had received bids for 56 per cent of the issue size on Day 1, got bids for 2.24 times the shares on offer, NSE data on cumulative bids showed. 


Chinese IPO Yintech indicates some recovery in US drought

In another sign the IPO market may be recovering, the largest online provider of spot commodity trading services in China began trading on the Nasdaq Wednesday. 


CRISPR Firm Intellia Prices IPO at $16 to $18 Per Share | GenomeWeb

Intellia Therapeutics has priced shares for its upcoming initial public offering in the range of $16 to $18, according to an amendment to its preliminary prospectus filed today with the US Securities and Exchange Commission. 


Samsung Biologics plans IPO this year, seen worth as much as $2.6 billion | Reuters

Samsung Biologics Co Ltd, a contract manufacturer of biotech drugs for global pharmaceutical firms, said it was planning an IPO this year, an offering that analysts have estimated as being worth as much as $2.6 billion. 


Ujjivan Financial Services IPO subscribed 21% on Day 1 – The Economic Times

The initial public offering (IPO) by Ujjivan Financial Services kicked off on Thursday, with the issue receiving bids for 21 per cent of the total issue size on Day 1.

According to data available with NSE, the issue has received cumulative bids for 62.49 lakh shares against the total issue size of 2.96 crore shares. 


Indonesian online retailer Bhinneka plans IPO to fund expansion | Reuters

Indonesian online retailer PT Bhinneka Mentari Dimensi is planning an initial public offering (IPO) in 2018 to widen its reach, one of its directors said on Thursday, as the e-commerce battleground heats up in Southeast Asia’s biggest economy. 


Global exchanges eye rejig via BSE IPO | Business Standard News

The much-awaited Initial Public Offering (IPO, of shares) from stock exchange could lead to a rejig of the shareholding in it of two global bourses.

According to sources, the Singapore Stock Exchange which currently owns 4.75 per cent stake in BSE is looking at offloading its stake. Deutsche Borse is keen on raising its stake from 4.75 per cent at present to 15 per cent, said sources. 


MOD Pizza appoints IPO veteran Bob Barton as CFO

Veteran finance chief Bob Barton has been named chief financial officer of MOD Pizza, the company said Wednesday.

Barton spent nine years at drugstore.com, where he served as CFO and vice president of operations, taking the company from startup to initial public offering, and ultimately to more than $400 million in revenues. He also served as president, chief operating officer and CFO of OnlineShoes.com, which he also led through a successful sale, said MOD officials. 


IPO hopeful Midway valued at as much as $253 million by Ord Minnett | afr.com

ASX aspirant Midway has been valued at as much as $253 million by sponsor broker Ord Minnett, according to pre-marketing research sent to fund managers this week. 


Thilawa SEZ Firm’s IPO on Rangoon Bourse Set for May

Myanmar Thilawa Special Economic Zone Holdings (MTSH) will become the second company to list on the Yangon Stock Exchange (YSX), Maung Maung Thein, chairman of Burma’s Securities Exchange Commission, told The Irrawaddy. The company, which has a major stake in the country’s largest operational special economic zone (SEZ), will float its shares on May 20. 


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