IPO Roundup June 2, 2016


BOC Aviation’s Pop Fizzles After Second-Largest Asia IPO in 2016 – Bloomberg

BOC Aviation Ltd., the aircraft leasing unit of Bank of China that raised $1.1 billion from a share sale last month, closed little changed after gaining as much as 4.4 percent on its trading debut in Hong Kong. 


IPO bound Nutanix just borrowed $75 million – Business Insider

2016 is a hard year for any tech startup to go public, much less a startup burning cash and valued at $2 billion. 


Tequila Maker Jose Cuervo Might Offer $1 Billion IPO in Third Quarter – Fortune

The 2016 IPO scene might be a desert, though the drinks are still flowing for tequila maker, Jose Cuervo. 


AC Immune files for U.S. IPO to develop Alzheimer’s drug | Reuters

Swiss biotech firm AC Immune SA filed with U.S. regulators on Tuesday to raise up to $50 million in an initial public offering of common stock. 


Vodafone India IPO likely hit market in April-June 2017 – The Economic Times

MUMBAI: Vodafone India’s initial public offering (IPO), expected to be one of the biggest ever in the country, is likely to happen between April and June next year, even though the company is trying to get ready with the plan by November, said two people familiar with the developments. 


Australian music streaming service Guvera is aiming for an $80 million IPO | Business Insider

Gold Coast-based music streaming platform Guvera is hoping to raise $80 million via $1 shares in an initial public offering (IPO), lodging its prospectus with ASIC. 


Valvoline files for IPO as part of Ashland reorganization – MarketWatch

Ashland Inc. on Tuesday filed to reorganize as a public holding company and separate its Valvoline business, key steps in Ashland’s previously announced plans to split in two by year’s end. 


Veneto Banca IPO Suffers From Low Demand – WSJ

MILAN—Troubled Italian lender Veneto Banca SpA has priced its €1 billion ($1.1 billion) initial public offering at €0.10 to €0.50 a share, the bank said late Tuesday, after investors showed little interest in the bank’s shares. 


Valvoline Files for IPO as Parent Shifts Focus to Chemicals – Bloomberg

Valvoline Inc., the second-largest U.S. operator of oil-change stores, filed to sell stock in an initial public offering as parent Ashland Inc. sharpens its focus on specialty chemicals. 


IPO investors look beyond Line’s cuddly bears, flatulent bunnies | Reuters

Emojis of a cuddly brown bear and his flatulent rabbit girlfriend Cony are met with investor scepticism as the company behind Line, the popular Japanese messaging app, prepares to kick off what’s touted to be the world’s biggest IPO this year. 

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