IPO Roundup May 31, 2016


IPO: Sebi on fast-track mode; just 4 companies await approval – The Economic Times

NEW DELHI: Markets regulator Sebi seems to be on the fast-track mode in case of giving approvals to IPO proposals, as it has cleared 16 such applications this year so far while just four companies await green signal to launch their public offers.


ASR Nederland IPO Could Value Insurer at $3 Billion – WSJ

The Dutch state is selling a stake of up to 40% in ASR Nederland NV via an initial public offering that values the insurer at €2.7 billion to €3.3 billion ($3 billion to $3.7 billion). 


Bank of China Plane Unit’s $1.1 Billion IPO Shows Asia Shift – Bloomberg

The skies above Asia will get more crowded during the next 20 years as airlines acquire planes to fly more passengers from developing economies. That timing couldn’t be better for aircraft leasing company BOC Aviation Ltd. 


2 New Biotechs on IPO Calendar This Week – 24/7 Wall St.

The number of initial public offerings (IPOs) in 2016 grew by five last week, with a food distribution company leading the way with an offering that raised more than $1 billion. Two scheduled IPOs did not make it out the door and are currently listed as day-to-day for the coming week. 


Kogan IPO at 20-times forecast earnings | afr.com

Kogan has stepped up marketing efforts for its $50 million initial public offering, releasing a pathfinder prospectus to fund managers. 


Panoramic considering IPO for Gum Creek

JOHANNESBURG (miningweekly.com) – Western Australian mining company Panoramic Resources said on Monday that it had decided to run a dual initial public offering (IPO) and sales process for its Gum Creek gold project, near Wiluna, to unlock the project’s full value in the currently-buoyant gold sector.


GoAir likely to file IPO papers in Q3FY17, may dilute 24% stake – Moneycontrol.com

Mumbai-based low cost carrier GoAir is likely to file the draft red herring prospectus for its IPO in Q3FY17, reports CNBC-TV18 quoting unnamed sources.


CX Partners-backed SIS India plans Rs1,000 crore IPO – Livemint

Mumbai: CX Partners-backed Security and Intelligence Services (India) Ltd (SIS) has hired four investment banks as it prepares for an initial public offering (IPO) of almostRs.1,000 crore, said three people aware of the development. 


ICICI Pru Life appoints BoFA ML, ICICI Sec as lead bankers for IPO | Business Standard News

The company, a joint venture between ICICI Bank and Britain’s Prudential, plans to file its offer document with market regulator Sebi by the end of this year. 


Thai steel fabricator BT Wealth Industries to file for IPO, raising fund for expansion – DealStreetAsia

Thailand’s major offshore steel fabricator BT Wealth Industries Pcl (BTW) plans to sell 156 million shares, equivalent to 20.63 per cent of the paid-up capital, in an initial public offering (IPO) before starting the trading of its shares on the Market for Alternative Investment (MAI).

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