IPO Roundup June 7, 2016


Line Plans Year’s Biggest Tech IPO, Pitching U.S. Investors – Bloomberg

Japan’s Line Corp. is headed for what could be the biggest initial public offering for a technology company this year, including a major pitch to American investors. 


ASX IPO is the last resort funding option for Guvera | afr.com

Just because the prospectus issued by music streaming business Guvera contains some dirty linen, no revenue forecasts and a heap of warnings about the investment risks does not mean investors should steer clear of its initial public offering


Lotte $4.9 Billion IPO Faces Fresh Setback on Bribery Probe – Bloomberg

Lotte Group’s hotel unit is facing delays with its initial public offering after the South Korean company and a member of its founding family became embroiled in a bribery probe, people familiar with the matter said, in the latest setback for what may be the world’s biggest IPO this year. 


Pawan Hans plans to launch regional flights ahead of IPO – The Economic Times

Pawan Hans has firmed up plans to launch regional flights with fixed wing aircraft , including seaplanes, even as the state-owned helicopter operator prepares for an initial public offering that may happen next year or the year after that. 


Scottish Pacific IPO price range at 13.4 to 15-times forecast profit | afr.com

Factoring company Scottish Pacific’s initial public offering has been priced at $3.05 to $3.45 a share, or 13.4 to 15-times forecast profit. 


Telefonica Said to Squeeze Discounts From Banks in Unit IPO – Bloomberg

Telefonica SA wrangled fee discounts from banks working on the initial public offering of its infrastructure unit as a dearth of deals in Spain gave it bargaining power over its advisers, people familiar with the matter said. 


South Korea’s Giant Hotel IPO Delayed Due to Executive Investigation – Skift

Lotte Group’s initial public offering of its hotel unit, which may be South Korea’s largest listing on record, will be delayed after reports said a company executive is being investigated, according to people familiar with the matter. 


Bernstein on Saudi Aramco IPO, oil markets – Business Insider

The public listing of Saudi Arabia’s state-owned oil company, Aramco, could be terrible news for the oil industry in the long term, squeezing out smaller producers and causing big issues with imbalances in the market. 


China’s Push for IPO Reform Endorsed by San Francisco Fed Study – Bloomberg

Initial public offerings by Chinese companies have little impact on the stock market, suggesting that the loosening of control over mainland IPOs could improve efficiency without increasing volatility, according to a study by the Federal Reserve Bank of San Francisco. 


Canaccord calls last bids for Kogan IPO | afr.com

Stockbroker Canaccord Genuity has made one last push for Kogan’s initial public offering, calling for final institutional bids by 4pm on Monday. 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s