IPO Roundup June 23, 2016

Twilio IPO consumes Silicon Valley and aims to win over Wall Street

All eyes are on Twilio this week to see how the market reacts to the first U.S. venture-backed tech IPO of 2016. 

Mahanagar Gas IPO sails through, subscribed 1.08 times on Day 1 – The Economic Times

The Rs 1,040 crore initial public offering (IPO) of Mahanagar Gas received good response on Tuesday, with the issue sailing through on Day 1 itself.

Twilio looks to brave Brexit jitters with U.S. IPO | Reuters

Communications software provider Twilio Inc is expected to price its $140 million U.S. initial public offering on Wednesday, a rare technology stock market debut, one day before Britain holds a referendum on its European Union membership. 

Hong Kong set for cornerstone record with CDB Leasing IPO — FT.com

Weak demand prompts bankers to bolster order books with record numbers of big locked-up investors. 

Droneshield is first post-Guvera tech IPO | afr.com

DroneShield will on Wednesday become the first technology initial public offering since the ASX’s dramatic blocking of Guvera, but its chief executive has rejected any comparison to the low-revenue, stratospheric-valuation music streamer. 

How the IPO slump is hitting the banks – The Globe and Mail

So far in 2016, global IPO revenue stands at $1.3-billion (U.S.), a 57-per-cent decline from the same period a year ago, and the lowest year-to-date figure since 2009, according to data from Dealogic. 

Tech IPOs: here’s why UK tech companies are choosing not to IPO | Startups | Techworld

A combination of a buoyant private funding market and the various burdensome factors attached to going public means that a number of the UK’s newest and most valuable tech companies are choosing to stay private. 

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. 


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