IPO Roundup May 19, 2016


South Korea’s Hotel Lotte plans $4.9 billion IPO, year’s largest: sources | Reuters

South Korea’s Hotel Lotte Co Ltd [HTLOT.UL] plans a share sale worth up to 5.7 trillion won ($4.85 billion) next month, sources said on Wednesday, in what would be the world’s biggest initial public offering since late 2015. 


Revised IPO guidelines soon for insurance firms: IRDAI – The Economic Times

Revised IPO guidelines will be issued soon for insurers as some of them are keep to tap this route, regulator IRDAI Chairman T S Vijayan said today while pegging the total foreign investment in sector at Rs 15,000 crore in the last one year due to increase in FDI limit.


Advantages and Disadvantages of Going Public Using an IPO — The Motley Fool

Companies have several options for raising capital, but a popular route is issuing stock to the public. For a private company to reach the widest range of investors, it must become a public company, and that’s where IPOs come in. 


Quantenna hires banks to prepare for IPO: sources | Reuters

Quantenna Communications Inc, a U.S. company that designs Wi-Fi chips used in set-top boxes and wireless routers, has hired investment banks for an initial public offering (IPO) that could come later this year, people familiar with the matter said. 


Glencore’s Best Start to Year Eases Blow From Post-IPO Slump – Bloomberg

Glencore Plc shareholders showing up for the miner’s annual meeting on Thursday can take comfort in the stock’s best ever start to a year. 


Seattle biotech PhaseRx’s stock closes up 2 cents in trading debut | The Seattle Times

Seattle biotechnology company PhaseRx said Tuesday that it priced its initial public offering of 3.7 million shares of stock at $5 a share, for a total offering of $18.5 million before underwriting discounts and commissions. 


Could Grupo Supervielle IPO Open Doors For More South American Deals? – Grupo Supervielle (Pending:SUPV) | Seeking Alpha

SUPV has filed its F/1A and plans to make its IPO on May 20, 2016. Morgan Stanley, Raymond James Financial Inc. and Bank of America Corp. are in charge of organizing the sale; the deal expects to raise $190M. 


UBS wins third joint lead manager mandate on The Good Guys IPO | afr.com

Investment bank UBS has won a coveted joint lead manager mandate on The Good Guys’ potential initial public offering, Street Talk can reveal. 


BOC Aviation seeks securitization deals with IPO investors | Reuters

Aircraft leasing company BOC Aviation Ltd [IPO-BOCA.HK] is looking to partner with the cornerstone investors in its $1.1 billion public share offer in potential aircraft securitization deals and joint ventures, it said on Wednesday. 


Four years on from its IPO, Facebook has beaten its mobile demons but still has mountains to climb | The Drum

Schadenfreude was in plentiful supply as Facebook’s value plummeted immediately after its IPO. Audiences may have been flocking to mobile but Facebook appeared to have no concrete ideas as to how to monetise that platform. 

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