IPO Roundup June 9, 2016

Cashing in on disruptors, no matter the IPO market

When it comes to competing for a piece of the most desirable startups, private equity firm TPG has, among other things, the advantage of scale — about $70 billion in assets under management. 

Forecast: The tech IPO drought will be sticking around — Quartz

The first quarter of 2016 was the worst one for tech IPOs since the Great Recession. Not a single startup went public on US exchanges, a stunning drop off from the double-digit number of debuts that were taking place just two years earlier. 

Alibaba’s Ant Financial IPO Plan Disses NY, Challenges HK Again – Forbes

Just a couple of years after a high-profile tussle that saw e-commerce giant Alibaba ditch Hong Kong to make its record-breaking IPO in New York, talkative founder Jack Ma is gearing up for a similar game of chicken for an upcoming IPO by his company’s affiliated Ant Financial unit. 

Guvera IPO under the microscope at ASIC, ASX | afr.com

The $1.3 billion float of online music streaming business Guvera is on ice as the regulator and exchange operator review the offer. 

Biggest IPO in Danish history closed early because of massive demand – Business Insider Nordic

Dong Energy AS stock market listing is not due until May 9th, but the IPO offer was closed earlier than expected. According to Dong Energy the reason is a huge demand for the stock from minor private investors. 

RBL Bank hardsells IPO with overseas roadshow | Business Standard News

RBL Bank, which intends to hit the capital markets with its initial public offering (IPO) in the coming month, has begun roadshows to market its issue to institutional investors. The final clearance for the IPO from the Securities and Exchange Board of India (Sebi) is at an “advanced stage”, according to sources. 

San Francisco hedge fund allegedly sold $9.3 million fake pre-IPO shares of Uber, Airbnb and Alibaba (BABA) — Quartz

The San Francisco, California-based “hedge fund” raised more than $9.3 million from investors selling fake pre-IPO shares in Uber, Airbnb and Alibaba, according to the Department of Justice. The firm’s founders, Jason Gill, 48, and Javier Carlos Rios, 33, were arrested by the FBI in May shortly after a federal grand jury indicted the pair on May 24. 

Godiva Sees Sales Exceeding $1 Billion as Snackmaker IPO Looms – Bloomberg

Godiva, the world’s largest premium chocolate retailer, will probably exceed its target for 2017 revenue of $1 billion on the growing appetite for Belgian sweets in Asia, according to the head of its parent company. 

iTWire – IPO market ‘soars’, giving strong returns to investors

The Australian IPO market is a hive of activity, delivering strong gains in May after a big increase in gains of 39.4% in April, according to a new report from mobile app provider for IPOs, OnMarket BookBuilds (OMB). 

Midday Thursday deadline for Range International IPO | afr.com

Morgans is seeking bids for Range International’s $50 million initial public offering by midday on Thursday. Range International is seeking to raise $50 million at $1 a share, which would put a $150 million market capitalisation on the plastic pallets company. 


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