IPO Roundup June 22, 2016


Acushnet IPO form shows annual net sales of $1.5 billion – Golf Digest

Acushnet, parent company of golf industry leading brands Titleist and FootJoy, generated more than $1.5 billion in net sales in 2015. Soon, you can own a piece of it. 


Mahanagar IPO opens today; 4 brokerages say it’s a good ‘buy’ – The Economic Times

NEW DELHI: The Rs 1,040 crore initial public offering (IPO) of Mahanagar Gas (MGL) will hit the primary market on Tuesday. The gas distribution company has set the price range for its initial public offering (IPO) at Rs 380-421. 


Guvera Sets Meeting With ASX After Blocked IPO | Billboard

Australian music streaming service Guvera said it will meet with members of the Australian Securities Exchange on Tuesday to find out why its proposed $80 million AUD ($58M USD) initial public offering was rejected. 


Anchor investors support broker’s IPO | Shanghai Daily

ORIENT Securities has secured the backing of 10 cornerstone investors for its HK$8.95 billion (US$1.15 billion) initial public offering in Hong Kong. 


Syros Pharmaceuticals sets IPO price expectations – MarketWatch

Syros Pharmaceuticals SYRS, +0.00% said in a filing Monday that it expects its initial public offering of stock to price between $14 and $16 a share.


Frasers Logistics rises in Singapore trading debut – Channel NewsAsia

SINGAPORE: Frasers Logistics and Industrial Trust (FLT) got off to an upbeat start on the Singapore Exchange (SGX) on Tuesday (Jun 21), marking the country’s biggest new listing in three years. 


Is Peloton Spinning Its Way Toward an IPO? | Watch the video – Yahoo Finance

June 20 — Lisa Klinger, chief financial officer at Peloton, talks about how their offerings benefit customers, the prospect of the company going public, and international expansion plans. She speaks on “Bloomberg Markets.” 


Saudi Stocks Regulator Penalizes Deloitte Unit After Tainted IPO – WSJ

The Saudi stock market’s regulator has banned the local unit of Deloitte & Touche LLP from providing accounting services in the kingdom for two years based on its work with a local contracting company that was sanctioned for market violations. 


UBS, Credit Suisse join Macquarie to lead Inghams IPO; six joint lead managers appointed | afr.com

Investment banks UBS and Credit Suisse will join Macquarie Capital in the coveted global coordinator roles for the float of Inghams Enterprises, as exclusively revealed by Street Talk on Sunday night. 


CDB Leasing seeks up to $980 million in Hong Kong IPO: IFR | Reuters

China Development Bank Financial Leasing, a unit of China Development Bank, is planning to raise up to $980 million through a Hong Kong IPO, IFR reported on Monday. 


Why the IPO Market Can’t Be Judged by Its Size – WSJ

Market turbulence has made it hard for companies to go public, with just 31 IPOs so far this year. That makes 2016 the quietest year for new stock offerings since also turbulent year of 2009. The pipeline for the rest of the year looks pretty thin as well. 


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