IPO Roundup May 27, 2016

US Foods Prices IPO at $23 a Share – WSJ

US Foods Holding Corp. sold shares Wednesday at the upper end of the targeted range for its initial public offering, in a sign the new-issue market could be gradually returning to health. 

Exclusive: Owner of golf brand Titleist to file for U.S. IPO – sources | Reuters

Acushnet Company, the owner of golf brands including Titleist and Footjoy, is preparing to register with U.S. regulators as early as June for an initial public offering that could value it at more than $2 billion, according to people familiar with the matter. 

U.S. Foods prices IPO at $23 a share: report – MarketWatch

Food service company U.S. Foods Holding USFD, +8.30% has priced its initial public offering at $23 a share, according to a late Wednesday report on The Wall Street Journal that cited sources familiar with the deal. The company sold 44.4 million shares, raising $1 billion. U.S. Foods was expected to list on the New York Stock Exchange. The company had $17 billion in sales last year. 

Twilio files for IPO – Business Insider

San Francisco-based Twilio, which provides phone and text message services to app developers, has filed for an IPO — in a year that’s seen only one new tech company actually debut on the public markets. 

Cornerstones locked in for Kogan IPO, deal ready to launch | afr.com

Broker Canaccord Genuity has locked in cornerstone investors for online retailer Kogan’s initial public offering, sources told Street Talk on Thursday afternoon. 

Dong Energy IPO Could Value Danish Utility at $16 Billion – WSJ

Danish utility Dong Energy AS on Thursday said it expects its initial public offering in Copenhagen next month to value the company at up to $16 billion, a float that could be one of Europe’s biggest stock-market listings this year. 

Israeli biotechs wait in the wings for opening of IPO window | FierceBiotech

A trio of Israeli biotechs are on the cusp of publicly filing to list on Nasdaq. The unnamed biotechs have reportedly completed the initial filings for public offerings expected to raise up to $130 million (€116 million) each–but are holding off on going live until demand picks up. 

Lufax CEO Says IPO Postponed to Next Year Amid Market Tumult – Bloomberg

Gregory Gibb, chief executive officer of China’s Lufax, said an initial public offering for the peer-to-peer lender and broker will be postponed until next year amid turmoil in the market and questions over government regulation. 

UPDATE 1-Philips Lighting IPO price may top 20 euros – sources | Reuters

May 25 Shares in the initial public offering of Philips’ Lighting division could price above 20 euros, people familiar with the matter said on Wednesday. 

Tissue manufacturer Accrol announces IPO – Manchester Evening News

The founders will remain company shareholders and are undergoing a transitioned exit from the management of the business. 

Shopify one year after its IPO: ‘Our self-confidence has increased’ – Article – BNN

One year after Shopify Inc.’s stock market debut, its chief financial officer says the e-commerce firm is focused on making strategic investments while its “self-confidence as a company has increased.” 


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