IPO Roundup June 17, 2016


Hollywood Bowl goes for strike with London IPO

Hollywood Bowl, the operator of ten-pin bowling lanes, plans to float in London next month in a deal that will value the business at around £280m. 


Dropbox says it is cash flow positive, in no rush to IPO | TechCrunch

With a $10 billion valuation, cloud storage business Dropbox is larger than many public companies. But don’t expect an IPO anytime soon, according to CEO Drew Houston. 


The Global Stakes of a Saudi Aramco I.P.O. – The New York Times

It’s hard to get one’s head around it: An initial public offering that would value a company in the trillions of dollars. That’s trillions, with a T. 


Mahanagar Gas IPO may fetch Rs. 1,040 cr – The Hindu

Mumbai’s gas distribution firm Mahanagar Gas Ltd. (MGL), jointly promoted by GAIL (India) Ltd. and BG Asia Pacific Holdings Pte Ltd., has fixed a price band of Rs.380–Rs.421 per share for its forthcoming initial public offering (IPO) and is likely to raise Rs.1,040 crore at the upper end of the price band. 


IGL draws buyers ahead of Mahanagar Gas IPO – The Economic Times

ET Intelligence Group: The shares of compressed natural gas (CNG) supplier in the National Capital Region Indraprahta Gas have witnessed high investors’ interest, thanks to the upcoming initial public offering (IPO) of its peer Mahanagar Gas (MGL), which is the sole gas supplier in Mumbai.


Korea’s Hotel Lotte may refile for massive IPO before year’s end – MarketWatch

South Korea’s embattled conglomerate Lotte Group said Wednesday that it would seek to refile plans for an initial public offering of its Hotel Lotte Co., just days after abruptly withdrawing its listing application amid a mounting investigation. 


Crown Resorts announces plan for demerger, property IPO — FT.com

Crown Resorts, the Australia-listed casino and hotels group, has announced plans to carve out some of its international investments and explore a potential IPO of some of its Australian property interests. 


PNB Home Fin mandates 3 banks for $300m IPO – Times of India

PNB Home Finance has mandated three investment banks – Morgan Stanley, JP Morgan and Bank of America Merrill Lynch – to prepare for a $300-million initial public offering (IPO) later this fiscal, sources familiar with the matter said. 


Would You Invest in a SpaceX IPO? — The Motley Fool

This energy episode of Industry Focus takes a look at one of the most prolific and revolutionary figures in energy today: Tesla (NASDAQ:TSLA) founder and CEO Elon Musk.  


Shell’s Philippine unit still eyes IPO in 2016 – MarketWatch

Pilipinas Shell Petroleum Corp. has assured the Philippine government that its plan to undertake an initial public offering this year is still on the table, Energy Secretary Zenaida Monsada said Wednesday. 

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