IPO Roundup June 15, 2016


Is Snapchat Preparing for an I.P.O.? | Vanity Fair

When Snapchat turned down Facebook’s $3 billion acquisition offer in 2013, the tech world balked. Since then, the five-year-old social-media platform has continually proved its critics wrong. Much like its reformed frat-boy founder, Evan Spiegel, Snapchat is growing up, and rapidly. With 150 million daily active users, Snapchat is more popular than Twitter and is arguably the favoredsocial-media app among teens.


What Twilio’s IPO Means for the Tech IPO Market | Inc.com

Year-to-date, 36 companies have gone public, with deals on average priced twelve percent below the midpoint of proposed ranges, according to Kathleen Smith, principal at Renaissance Capital. 


Blue Coat Picks Merger Over IPO – MoneyBeat – WSJ

Underwriters and investors had been looking to the looming initial public offering by the cyberdefense technology firm as a potential catalyst that could breathe some life into the lackluster market for IPOs–especially technology IPOs. 


3 Fund Raising Options to Consider During a Tepid IPO Market

Up until recently, the initial public offering (IPO) market has been dormant, which has hindered companies like Crowdcube, Lufax, Uber, Airbnb and Lyft from going public until market conditions improve.  


At last, a technology IPO for investors to chat about – The Globe and Mail

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


IPO Shelved, Lotte Talks Up Duty-Free Business as Probes Widen – Bloomberg

Lotte Group, South Korea’s fifth-largest family-run conglomerate, is under growing pressure to bolster its duty-free shopping business after shelving one of the year’s biggest initial public offerings in the midst of a deepening crisis. 


Mahanagar Gas looks to raise more than 10 billion rupees through IPO – The Economic Times

MUMBAI: Mumbai-based cooking gas supplier Mahanagar Gas Ltd plans to raise a maximum of 10.40 billion rupees ($154.65 million) through an initial pubic offering (IPO) on June 21, the company said on Tuesday. 


PSAV IPO Could Pop This Week – PSAV (Pending:PSAV) | Seeking Alpha

Illinois-based PSAV is a leading provider of event and audiovisual technology services in North America and internationally. 


Xerox appoints new CEO for service business ahead of IPO – MarketWatch

Xerox Corp. XRX, -1.32% has appointed Ashok Vemuri as chief executive officer of the business process outsourcing company that will trade publicly following its spin-off from Xerox Corp. XRX, -1.32% later this year.

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