IPO Roundup June 8, 2016

Shell asset sales on track, no plans for ‘Baby Shell’ IPO: CEO

Royal Dutch Shell‘s plans to sell off assets and pull out of up to 10 countries are on track, the oil major’s chief executive told CNBC on Tuesday, putting to bed rumors of a spin-off of non-core assets into a “Baby Shell.” 

Meal-Kit Maker Blue Apron Said to Hold Preliminary Talks on IPO – Bloomberg

Meal-kit delivery company Blue Apron Inc. has held preliminary talks with banks about options for raising capital, including a possible initial public offering, people with knowledge of the matter said. 

Havanna, a Confectioner, Has Argentina’s First Local I.P.O. in 3 Years – The New York Times

Havanna, a confectioner from Argentina, raised $11.47 million on Monday in the first local initial public offering by the South American nation in three years. 

Property group Investis plans Swiss IPO | Reuters

Residential property company Investis Holding SA will list its shares on the Swiss stock exchange, it said on Tuesday, aiming to raise 150 million Swiss francs ($155 million). 

Hotel Lotte Scales Back Korea’s Largest IPO Amid Bribery Probe – Bloomberg

Lotte Group’s hotel unit delayed what could be South Korea’s largest initial public offering and cut the price after prosecutors in Seoul began an investigation into bribery allegations against executives of the family-run company. 

The tech that Facebook’s biggest investor is betting on next

When CNBC editors finished compiling the Disruptor Top 50 list for this year, there was one big surprise. Thirteen of the 50 start-ups on the list had a common investor: Fidelity Investments, the mutual fund giant. Among them Uber (CNBC Disruptor No.1); Airbnb (No. 2); Snapchat(No. 16); Oscar (No. 17) and Spotify (No. 25). 

Onex Corp reverses its normal exit strategy, plans to use IPO to sell stake in JELD-WEN | Financial Post

It’s not the normal exit strategy adopted by Onex Corp. but the country’s best-known private equity firm is set to realize on one its investments via an initial public offering of shares. 

A hedge fund sold fake pre-IPO Uber shares and then blew the money on strip clubs and sports, SEC claims – Business Insider Nordic

Investors are clamoring for a piece of Uber, but one group is accused of capitalizing in the wrong way. 

IPOs worth Rs6,000 crore to be launched in next two months – Livemint

The queue of companies looking to go public is growing longer, with 8-10 firms preparing to launch their initial public offerings (IPO) in the next two months, said four people with direct knowledge of the matter. 

Hey Kogan, where’s retail investors’ access to your IPO? | Motley Fool Australia

Online retailer Kogan is planning to list on the ASX, but it’s unlikely that retail investors will be able to participate – even if they want to. 


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