IPO Roundup June 29, 2016

Twilio Inc (NYSE:TWLO): A Successful IPO Hammered By Global Pressure

Twilio Inc (NYSE:TWLO) was the first unicorn IPO of the year. It took place last week with an incredible timing that allowed the company to benefit significantly from a day of a sharp uptrend in the markets, just one day before the Brexit decision. 

Hinduja Leyland Finance, CL Educate get Sebi approval for IPO – The Economic Times

NEW DELHI: Markets regulator Sebi has given approval to Hinduja LeylandBSE -0.05 % Finance, an arm of Ashok LeylandBSE -0.05 %, and test-prep player CL Educate to launch their initial public offerings. 

Exclusive: Apttus planning IPO for first half of 2017 – MarketWatch

Apttus, a Silicon Valley startup with a valuation of at least $1 billion, plans to go public in the first half of 2017, the company told MarketWatch exclusively on Monday. 

China Resources Arm Aims for Muscular Hong Kong IPO – WSJ

China Resources Pharmaceutical Group Ltd. has filed for an initial public offering in Hong Kong that could rank it among the biggest health-care-related deals expected this year in Asia. 

Cramer: One IPO that proves Silicon Valley unicorns have value

Stocks have been pulled down by the gravitational pull of a Brexit, but Jim Cramer found one bright spot in the market that managed to defy the pull of the averages and roar higher on Monday. 

What Investors Need to Know About the LINE Corporation IPO — The Motley Fool

Lately, the initial public offerings market has been about as lively as a sleeping turtle on the beach. In one of only a very few new stock issues scheduled to happen in the early part of this summer, Japan-based web and mobile services company LINE Corporation should hit the market next month. 

Private equity fund Faering Capital eyes bumper exit in RBL IPO – The Economic Times

MUMBAI: Domestic private equity fund Faering Capital is eyeing a bumper exit from its 5-year old investment in Ratnakar Bank Ltd. (RBL) by cashing out at the proposed initial public offering slated to be launched later this month, said two sources privy to the plans. 

Lower valuation as compared with peers may make Quess IPO attractive – The Economic Times

ET Intelligence Group: Investors may subscribe to Quess Corp’s initial public offer (IPO) since it has higher operating margins and lower valuation compared with its peer Team Lease. At the higher end of the price band and based on diluted equity, the stock will be trading at 45 times FY16 earnings as compared with Team Lease’s valuation of 57 times. Quess is in staffing business, where revenue is cyclical and linked to general economic environment.

5 Upcoming IPOs This Week Led by Global Medical IPO (NYSE: GMRE)

There are five upcoming IPOs this week as the second quarter comes to an end. According to Renaissance Capital, a manager of IPO-focused ETFs, all five offerings are expected to raise a combined $275 million in proceeds. 

Listing panel revamped: NSE to file IPO prospectus in Jan; overseas listing by April | The Indian Express

The National Stock Exchange (NSE) has decided to go for a domestic initial public offering (IPO) by January and also pursue listing abroad. 

Line, Biggest Tech IPO of the Year, Struggles to Prove Growth Plan – Fortune

In delaying its IPO by two years, Japanese messaging app company Line bought time to correct weak financial reporting controls, work on its business plan, bolster staffing—and left billions of dollars on the table as its valuation shriveled. 

Line Delays Setting IPO Price Range Amid Brexit Turmoil – Bloomberg

Line Corp., Japan’s most popular messaging service, plans to delay till Tuesday the setting of a price range for its initial public offering after Britain’s vote to exit the European Union sent global markets into turmoil. 

Guvera places two subsidiaries in administration after ASX rejected IPO | afr.com

Guvera is aiming to reduce its monthly cash burn to about $1.6 million and will cut about 60 jobs after a knockback of the embattled music streaming company’s initial public offering has left it scrambling to stay afloat. 

Brexit forces Telefónica to consider delaying O2 IPO

Madrid-based Telefónica was also planning to announce the IPO of its infrastructure unit Telxius next week to raise $1.6bn. 

Lignite miner Sahakol plans IPO to expand – The Nation

AFTER ENJOYING a stable income flow from 10-year contracts sealed with the Electricity Generating Authority of Thailand (Egat), Sahakol Equipment is gearing up to raise funds from the stock market because it is doubling the size of its business, chief executive officer Sasavat Sirison said. 

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