IPO Roundup May 25, 2016


Royal Dutch Shell To Explore IPO Upstream Business – Forbes

On May 17, Royal Dutch Shell Plc ($48.67, Market Capitalization: $195.5 billion) announced that it is contemplating the sale of its non-core assets within its Upstream business worth $40 billion via an initial public offering (IPO). 


Chinese Food Company Zhouheiya Plans Up to $500 Million Hong Kong IPO – WSJ

A Chinese food company famous for its spicy dried-duck snacks and an appearance in a Hollywood blockbuster movie is pressing ahead with an initial public offering in Hong Kong. 


Polish regulator gives Raiffeisen unit more time for IPO | Reuters

May 24 Polish financial regulator KNF gave Raiffeisen until the end of 2016 to sell part of its Polish unit Raiffeisen Polbank IPO-RBP.WA without Swiss franc-denominated loan portfolio to a Warsaw-listed bank, KNF said on Tuesday. 


Netbay plans IPO ahead of MAI listing – The Nation

NETBAY, a developer of integrated e-logistics trading and e-business service solutions, is ready to make an initial public offering (IPO) of 40 million shares, and expects to have the shares listed on the Market for Alternative Investment next month, with Maybank Kim Eng (Thailand) acting as financial adviser and underwriter. 


Freeport-McMoRan cans IPO plans -Upstreamonline.com

US mining giant Freeport-McMoRan has formally cancelled its plans to issue an initial public offering of its oil and gas unit, which has struggled mightily since oil prices started falling. 

Old Mutual Wealth set for IPO – Citywire

Old Mutual Wealth is set for an initial public offering (IPO) following the sale of its US asset management business, according to the Financial Times. 


Nant Health, L.A. Billionaire’s Health-Care Firm, Seeks $82 Million in IPO – WSJ

Nant Health LLC, the biomolecular medicine company run by a Los Angeles billionaire entrepreneur, said Tuesday it sees its stock pricing between $12.50 and $15.50 a share in its coming initial public offering. 


Telefonica’s infrastructure unit Telxius could stage IPO from July – Mobile World Live

Telefonica is pressing ahead with IPO plans for Telxius, its global infrastructure business, reports Bloomberg


China Nuclear Engineering Corporation plans IPO | IHS Jane’s 360

The China Nuclear Engineering and Construction Corporation (CNEC) – one of the country’s 10 key defence industrial enterprises – has entered an agreement with China’s Minsheng Banking Corp to support its impending initial public offering (IPO). 


IPO Quiet Period Expiration For Intellia Therapeutics Offers A Buying Opportunity – Intellia Therapeutics (Pending:NTLA) | Seeking Alpha

The quiet period for the NTLA is scheduled to end on May 31, 2016; at that time, the company’s underwriters will be able to write reports and issue recommendations. 

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