IPO Roundup June 14, 2016


Investigations Into Lotte Group Derail Hotel Unit’s $4.5 Billion IPO Plan – WSJ

A widening probe into Lotte Group of South Korea has plunged the country’s fifth-largest conglomerate deeper into crisis, derailing an initial public offering at the heart of a closely watched corporate restructuring. 


Line’s IPO filing shows the Asian chat app is going public past its peak — Quartz

Line, a messaging app popular in Asia, passed an important landmark on June 9—they filed a F1 with the US Securities and Exchange Commission, ahead of a July public offering. 


Supercell boss vows Clash of Clans maker will never consider IPO

The boss of one of the most successful games developers in the world has permanently ruled out an IPO, claiming that it would squash his company’s ability to be creative and take risks. 


Blue Coat to Sell Itself to Symantec, Abandoning I.P.O. Plans – The New York Times

Blue Coat Systems seemed poised to begin life as a public company, after selling itself to a private equity firm last year. Now, the cybersecurity software company plans to sell itself to Symantec instead. 


Guvera slams IPO ‘misreporting’

Australian music streaming service Guvera says it’s committed to its planned $100 million raising and stock market float, despite intense criticism being levelled at the technology company in recent weeks. 


Twilio’s IPO: Hot or Not?

In recent articles, I’ve detailed the sorry state of the IPO marketthis year, and the hope that cloud communications provider Twilio(proposed ticker TWLO) could jumpstart activity. 


RBS head Brijesh Mehra to join IPO bound RBL Bank – The Economic Times

MUMBAI: Royal Bank of Scotland’s (RBS) India head Brijesh Mehra will join private sector IPO-bound RBL Bank as head of corporate and institutional banking, which includes large companies, public sector units and financial institutions.


A Fine Line for IPO Revival – Bloomberg Gadfly

The last time the initial public offering market got excited, an Asian internet company called Alibaba was coming to New York. 


Lotte Group Says ‘Difficult’ to Carry Out Hotel IPO Procedures – Bloomberg

Lotte Group said it has become difficult for its hotel unit to carry out steps needed for an initial share sale, hinting that listing of Hotel Lotte Co. could be indefinitely delayed as investigation into the group widens. 


Twilio expects to raise up to $161 million in IPO – MarketWatch

Twilio Inc. TWLO, +0.00% said in a filing Monday that it expects its initial public offering of 11.5 million shares to price between $12 and $14 a share. At the top of that range, the cloud communications company would raise up to $161 million, not including options granted to the underwriters to buy additional shares. Goldman Sachs and J.P. Morgan are the lead underwriters. 

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