IPO Roundup July 1, 2016


Airbnb Plans Dual Stock Sales to Push Off IPO – WSJ

Airbnb Inc. lined up investors for a new funding round and an employee stock sale that will value the room-rental website at up to $30 billion and help defer an initial public offering, said people familiar with the matter. 


IPO watch: Quess Corp issue sees good retail demand, subscribed 3.39x – The Economic Times

NEW DELHI: The initial public offering (IPO) of Quess Corp has generated good investor interest and got fully subscribed on the second day of the issue on Thursday, led by heavy demand from retail and non-institutional investors (NIIs), including high net-worth individuals (HNIs).  


Syros squeaks out with $50M IPO to get proof-of-concept data for ‘gene control’ | FierceBiotech

Syros Pharmaceuticals ($SYRS) aims to use small molecules to control the activation and repression of genes in cancer and immune-mediated diseases. It’s bringing a lead candidate into Phase II around the middle of this year, and now the company has raised $50 million in an IPO to get to that proof-of-concept data. 


Jessica Alba’s Honest Co. Is Preparing for an IPO… Slowly – Bloomberg

Best known for creating diapers, sunscreen and cleaning products that are light on chemicals and heavy on green marketing buzz, the shopping startup co-founded by actress Jessica Alba had $275 million in revenue last year, sources close to the company told Bloomberg. That’s ahead of previous expectations and a healthy uptick from the $150 million in revenue reported for 2014. 


Why Brexit could bring the IPO market to a screeching halt – Yahoo Finance

Twilio’s (TWLO) initial public offering on Thursday was a sign to many on Wall Street that the tech IPO market was back, leading some to believe that more unicorns would follow its lead. But those hopes came to a screeching halt after Britain’s decision to leave the European Union shocked global markets. 


China’s Postal Savings Bank files for potential $10 billion IPO | Reuters

State-owned Postal Savings Bank of China (PSBC), the country’s largest bank by number of branches, has filed for a Hong Kong initial public offering (IPO) seeking to raise as much as $10 billion, Thomson Reuters IFR reported on Thursday. 


Thomas H. Lee’s InVentiv Said to Pursue Sale as Well as IPO – Bloomberg

InVentiv Group Holdings Inc., the health-care company backed by Thomas H. Lee Partners that filed for an initial public offering in April, is now also pursuing an outright sale, according to people with knowledge of the matter. 


China’s Postal Savings Bank files for HK IPO, world’s biggest since Alibaba – Business Insider

HONG KONG (Reuters) – State-owned Postal Savings Bank of China (PSBC), the country’s largest bank by number of branches, has filed for a Hong Kong IPO seeking to raise up to $10 billion, IFR reported on Thursday. 


MCAP decides to pull its planned $275 million IPO | Financial Post

If there is an initial public offering this year then it will have to wait until the second half of 2016. 


‘China’s Apple’ Xiaomi will IPO in 2025: CEO

Chinese smartphone start-up Xiaomi could go public in 2025, the founder and chief executive said on Tuesday, as it looks to hold off on an initial public offering (IPO) as it focuses on building out physical retail stores and new products. 


Quess Corp IPO kicks off, anchor investors lap it up – The Economic Times

NEW DELHI: The initial public offering (IPO) of Quess Corp kicked off on Wednesday, with the issue seeing a subscription of 28,89,900 shares on Day 1. 


Orient Securities Prices $1 Billion Hong Kong IPO Near Bottom of Range – WSJ

HONG KONG—Citigroup Inc.’s Chinese securities joint-venture partner, Orient Securities Co., priced its Hong Kong initial public offering toward the bottom end of its indicative range, the latest sign of cooling investor appetite for China’s brokerage firms. 


CB Insights: Brexit Kills Twilio-Inspired Hope For IPO Market

Plenty of unicorns are waiting in the wings for the IPO market to recover. No doubt, their investors’ hearts were set aflutter by Twilio’s June 23rd IPO. But on June 24 — after surging 2% — markets woke up to a shock for which they had not prepared — the UK voted 52% to 48% to leave the European Union (EU). 


BSE gets shareholders nod for IPO, dilution of stake via OFS – The Economic Times

MUMBAI: Moving a step closer to listing its shares, BSE’s shareholders have approval the proposed initial public offer (IPO) of the stock exchange through an offer for sale (OFS).


Could Lyft Be Ready to IPO Before Uber? – Yahoo Finance

Ride-sharing company and major Uber competitor Lyft might just be in a better financial situation than its better-known counterpart. According to a set of leaked documents, the San-Francisco based ride service saw record growth in the month of May and is on track to meet its annual goals. 


Australis Oil & Gas pulls trigger on IPO | afr.com

The team behind the now-sold US-focused shale player Aurora Oil & Gas has finalised its IPO plans, lodging a prospectus to raise $30 million. 


L&T Infotech to launch IPO on 11 July at Rs705-710 per share – Livemint

Larsen and Toubro Infotech Ltd, the information technology (IT) services unit of India’s largest engineering firm, will launch its initial public offering (IPO) on 11 July, the parent firm said in a filing to the stock exchanges on Wednesday. 


Guvera Cuts Number of Markets in Half Following IPO Rejection | Billboard

Down-on-its-luck music streaming service Guvera has placed two of its subsidiaries under administration and cut the number of markets where it operates by half as it attempts to bounce back from a rejected IPO from the Australian Securities Exchange (ASX) earlier this month. 


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. 


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