IPO Roundup June 10, 2016


Saudi Aramco IPO: The Biggest Fee Event in Wall Street History – WSJ

The planned initial public offering of oil colossus Saudi Aramco has kicked off a scramble among banks for a role in a deal that could generate $1 billion in fees and help define success or failure on Wall Street for years to come. 


Goldman controversy clouds the largest European IPO this year

Shares in Danish windfarm company DONG Energy got some wind their sails on their stock market debut Thursday as the executive told CNBC that there were opportunities for growth all over the world, playing down a controversy surrounding Goldman Sachs’ holding in the group. 


Tata Technologies revives IPO plan, likely to raise Rs 1,400 crore – The Economic Times

MUMBAI: The Tata Group has revived plans to list Tata Technologies, an engineering solutions and IT product developing arm of Tata Motors, on the local bourses. The company is planning to raise Rs 1,400 crore through an initial public offering (IPO), said two people with direct knowledge of the plan. The proposed share sale will be the first IPO from the Tata Group in 12 years after TCS in July 2004.


A Snapchat IPO in 2017? — The Motley Fool

Thanks to its $20 billion valuation, a Snapchat IPO is all but assured. However, Snapchat will need to focus on monetization and profitability before it can achieve a successful public offering. 


IPO markets languish in doldrums – FT.com

Handing out chocolate as a reward can only go so far, as any parent will attest. The same is true if you are seeking the kind of increase in funding needed to take the crown of biggest British chocolate brand from the long-term holder Cadbury, says Angus Thirlwell, chief executive of upmarket confectioner Hotel Chocolat. 


Australian retailer Kogan seeks to raise $50 million with IPO

The initial public offering (IPO) aims to raise at least A$50 million, with a market capitalisation value of A$168 million (US$126 million). According to a letter to investors from founder and CEO Ruslan Kogan, who created the company when he was only 23, the company has never taken any external equity funding. 


ASIC has delayed Guvera’s IPO | Business Insider

The corporate regulator ASIC is taking a closer look at the IPO of music streaming startup Guvera amid questions about how a loss-making business can have a $1.3 billion valuation for its float. 


The Latest Blow to the IPO Market: Atkore International – MoneyBeat – WSJ

Companies considering launching an IPO in this year’s tepid market for new offerings just got another reason to wait. 


Fashion Unicorn Startup JustFab Inc. Taps CFO With IPO Experience – CFO Journal. – WSJ

JustFab Inc., the startup behind fashion subscription services Fabletics and ShoeDazzle, has named Todd Tappin finance chief and president effective June 30. 


Student landlord Watkin Jones eyes move into rented homes following IPO

roperty developer Watkin Jones is gearing up for a push into the private rented sector, as its first financial results since it floated showed a boost to revenues. 

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