IPO Roundup May 17, 2016


Uber’s China rival Didi Chuxing denies IPO plans, says ‘no point’ talking about it

Didi Chuxing, Uber’s rival in China which Apple invested $1 billion into, has denied reports that it is planning an initial public offering (IPO). 


BOC Aviation’s $1.1 billion IPO counts CIC, Boeing among investors | Reuters

BOC Aviation Ltd has secured 11 cornerstone investors for its $1.1 billion Hong Kong initial public offering (IPO), tapping China Investment Corp (CIC) and Boeing Co (BA.N) as it launched on Monday the largest listing by an aircraft lessor in at least five years. 


Flurry of deals suggests IPOs are set to pick up – FT.com

A flurry of recent flotation announcements has raised hopes that the dormant initial public offerings market is springing back to life. 


Philips Says Lighting Division IPO Could Raise More Than $950 Million – WSJ

Koninklijke Philips NV set the pricing for the initial public offering of its lighting unit on Monday, saying the spinoff could raise between €694 million and €844 million—or between $785 million and $954 million—for the company. 


Endurance Tech gears up for IPO again; good monsoon to help get better price – The Economic Times

Aurangabad-based auto components maker Endurance Technologies has finalised bankers for its initial public offering (IPO) of about Rs 1,000 crore. Axis CapitalBSE 0.86 % and Citigroup Global Markets will manage the issue, according to three persons familiar with the development.


GMS sets terms for IPO, to raise up to $185.15 million – MarketWatch

Gypsum Management and Supply GMS, +0.39% set terms for its initial public offering, which the wallboard and suspended ceilings systems company said could raise up to $185.15 million. As part of the terms, the company expects to sell 7 million shares at an IPO price between $21 to $23. The underwriters will be granted options to buy an additional 1.05 million shares. The stock had been approved for listing on the New York Stock Exchange under the symbol “GMS.” The lead underwriters of the IPO are Barclays and Credit Suisse. 


Mountain Warehouse ‘weather-proofs’ its sales ahead of IPO

ountain Warehouse has bucked the retail trend to blame unseasonal weather for poor sales after its plans for a £200m stock market flotation later this year were boosted by record results. 


China Merchants Securities to Slash Size of Hong Kong IPO – WSJ

China Merchants Securities Co. has cut the expected size of its Hong Kong initial public offering by more than half due to poor market conditions and lower valuations of comparable companies in its sector. 


Crescent Capital pulls ArcPac IPO

Crescent Capital has pulled the $252m initial public offering of ArcPac, after the garage doors and window business failed to gain sufficient sufficient support from investors. 


Why the Redbubble Ltd IPO is rocketing | Motley Fool Australia

Shares in online marketplace Redbubble Ltd (ASX: RBL) climbed 15 cents or around 11% above their initial public offer price to $1.48 this morning after the group started life as a publicly-traded business. 

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