IPO Roundup June 24, 2016

Will Twilio’s successful pricing finally open the tech IPO floodgate?

Twilio priced 10 million shares at $15, above the initial price talk of $12 to $14 a share. 

Okta Hires Goldman Sachs to Lead IPO or Sale – Fortune

Okta, a U.S. cloud identity management company valued at $1.2 billion in its latest private fundraising round, has hired Goldman Sachs GS -7.07% lead an initial public offering or outright sale, people familiar with the matter said. 

Intercontinental Exchange – Twilio Lists IPO on the New York Stock Exchange

San Francisco-based Twilio Inc., a leading cloud communications platform, began trading today on the New York Stock Exchange (NYSE) under the ticker symbol “TWLO” after its initial public offering, which raised $150 millionin gross proceeds. Citadel Securities is the NYSE Designated Market Maker (DMM) for the company’s shares. 

Here’s Why Alibaba Successfully Had a Lawsuit Over Its IPO Dismissed – Fortune

Alibaba has won the dismissal of a U.S. lawsuit accusing China’s largest e-commerce company of defrauding shareholders by concealing a regulator’s warning about its ability to suppress counterfeiting on its websites. 

Twilio ends the Tech IPO drought | Fox Business Video

‘Risk & Reward’ host Deirdre Bolton reports on Twilio’s debut on the New York Stock Exchange, ending the tech IPO drought. 

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. 


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