IPO Roundup May 9, 2016


MGL IPO in pipeline this month; to raise Rs 1,200 crore – The Economic Times

Mahanagar Gas Ltd, India’s second biggest CNG retailer, will launch an initial public offer (IPO) of Rs 1,200 crore this month to get listed on domestic bourses. British Gas India Pvt Ltd and state-owned GAIL (India) Ltd will sell 12.5 per cent each in the IPO, GAIL Chairman and Managing Director B C Tripathi told PTI here.  


IPO Calendar Features Year’s First Venture-Backed Tech Company – 24/7 Wall St.

Just two of four scheduled  initial public offerings (IPOs) went off as planned last week and four more plus one re-try are on the calendar for the coming week. Of the coming week’s new offerings only one is a healthcare company. 


IPO activity in GCC stays sluggish in Q1 – Khaleej Times

IPO performance in the GCC in the first quarter of 2016 remained relatively sluggish in terms of numbers as volatility in oil prices and the slowdown in the global economic environment impacted capital markets activity. 


Forex Industry Week Review – Fortress Prime’s new CEO resigns, XTB completes IPO, FXCM slow to repay Leucadia, and lots more | LeapRate

Nidal Abdelhadi resigns as CEO of Fortress PrimeLeapRate Exclusive… LeapRate has learned that Nidal Abdelhadi has decided to resign his position as Senior Executive Manager (essentially, the CEO) of Dubai-based Fortress Prime, just two months after making the jump to Fortress Prime from Swissquote. Mr. Abdelhadi is a well respected Forex industry executive, who was brought into Fortress to help deal with the many issues the company had with previous clients and – more importantly – to relaunch the Fortress Prime brand as a regulated provider of FX liquidity and institutional trading solutions. So what happened? 


A Massive IPO and Important Regulatory updates – Best Stories of the Week | Finance Magnates

During the passing week the most interesting stories from the online trading industry included a successful debut of a brokerage for public trading on a stock exchange, the hottest cryptocurrency Ethereum becoming a draw to traders and new revelations on regulations in different parts of the world. We also got a new update about the Leucadia FXCM situation. 


Thyrocare Technologies to make stock market debut on Monday – Livemint

New Delhi: Diagnostics company Thyrocare Technologies Ltd, which recently concluded its initial public offer (IPO), will list its shares on the bourses on Monday. “Effective from Monday, 9 May 2016, the equity shares of Thyrocare Technologies shall be listed and admitted to dealings on the exchange,” BSE had said in a notice earlier this week. 


Saudi Arabia Eyes IPOs to Raise Capital – WSJ

As cheap oil constricts Saudi Arabia’s capacity to spend at home, the Arab world’s largest economy is pressing ahead with the selling of state assets to raise capital and boost the private sector. 


Macquarie Capital lined up to sell Inghams Enterprises

Macquarie Capital is believed to have already lined up a lucrative mandate to sell TPG Capital’s Inghams Enterprises. This comes after the company featured as one of a select group of clients presenting at the investment bank’s well-attended pre-initial public offering dinner during its investment conference in Sydney last week. 


BSE plans to file IPO papers with Sebi in July – The Economic Times

BSE, Asia’s oldest stock exchange, plans to file draft papers with capital markets regulator Sebi to raise Rs 800 crore through its much-awaited initial public offer (IPO). The exchange’s initial share-sale programme is expected to hit the market this financial year. According to sources, the exchange plans to file IPO papers with Sebi in July to mop-up around Rs 800 crore. 


PSE still hoping to raise P200B this year | BusinessMirror

THE Philippine Stock Exchange Inc. (PSE) said it is still confident of hitting the P200 billion worth of funds raised from the exchange this year, despite only getting a fraction of its target almost halfway into 2016, as it believes more firms will list after the election. 

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