While start-ups have raised piles of cash for growth, venture fund investors have been waiting for IPOs. A crash could kill their model.» Read More
Aug 26- Citigroup and Morgan Stanley will lead the market debut of credit card processor First Data, in what will be one of the biggest initial public offerings of the year if it goes ahead. Absent on the list of 15 banks chosen by First Data, which includes Bank of America Merrill Lynch and Goldman Sachs, was JPMorgan Chase, a major player in underwriting equity...
SAO PAULO, Aug 25- Brazilian insurer Caixa Seguridade Participações SA and reinsurer IRB Brasil RE SA on Tuesday filed plans for initial public offerings that their shareholders expect to raise a combined 13 billion reais should an across-the-board market rout ease in coming weeks. BB, Bradesco Auto and Itaú Seguros are all units belonging to Brazil's...
SAO PAULO, Aug 25- Brazilian state-controlled bank Caixa Econômica Federal's insurance unit filed on Tuesday for an initial public offering, the first in a wave of offerings anticipated by state firms this year. State-controlled Banco do Brasil SA's investment banking unit is the deal's top undewriter, along with UBS AG. Banco Bradesco BBI, Itaú BBA SA, Grupo...
Will recent stock market volatility close the IPO window for start-ups?
Aug 24- RainDance Technologies Inc, a maker of gene-based tools to detect cancer and inherited diseases, said it planned to withdraw its initial public offering due to adverse "market conditions". "With last week's mayhem and today's drop you can expect IPO activity to grind to a complete halt," said Jay Ritter, IPO expert and professor at the University of Florida.
Aug 24- RainDance Technologies Inc, which makes genomic tools to detect cancer and inherited diseases, said on Monday it plans to withdraw its initial public offering, citing "market conditions". The move by RainDance, which had filed for an IPO of up to $60 million in February, comes on a day when all three major Wall Street indexes moved into correction territory.
SAN FRANCISCO, Aug 21- Shares of Alibaba Group Holding Ltd fell 3 percent on Friday and were perilously close to breaking below the price set in the largest IPO in history as fears of a China- led global slowdown rattled investors. With Wall Street in correction territory on Friday, Alibaba's stock closed down $2.14 at a post-IPO record low of $68.18.
So far this year, companies like Etsy, Box and Axovant Sciences have failed to wow investors beyond their trading debuts.
Elmer Funke Kupper, managing director & CEO of ASX, discusses the outlook for initial public offerings (IPOs) after an increase in listings lifted the stock exchange's profit.
Mark Britt, co-founder and group CEO of iflix, explains why the video-on-demand service focuses on "the next generation of emerging markets" such as Indonesia and Vietnam.
BOSTON, Aug 19- Cybersecurity intelligence firm iSight Partners is looking to raise $100 million or more this year as it prepares for an initial public offering as early as the end of 2016, the company's chief executive told Reuters. Financial analysts expect the industry's growth rate to accelerate following a rash of high-profile cyber attacks in recent...
Surgery Partners, owned by H.I. G Capital LLC, said BofA Merrill Lynch, Goldman Sachs, Jefferies, Citigroup and Morgan Stanley were among those underwriting the IPO. Reuters exclusively reported in March that Surgery Partners was preparing for a summer IPO, potentially valuing it at about $2 billion.
San Diego- based Petco, which started in 1965 as a mail-order company, operates over 1,400 stores across the United States, Mexico and Puerto Rico. Petco was taken private in a $1.8 billion leveraged buyout by TPG Capital and Leonard Green& Partners in 2006.. Reuters reported earlier this month that Petco had hired Goldman Sachs to lead an IPO or sale that could...
Aug 17- Pet supplies retailer Petco Holdings Inc filed with U.S. regulators on Monday for an initial public offering of common stock. Goldman Sachs, Merrill Lynch, Pierce, Fenner& Smith and JP Morgan are among the underwriters to the IPO. Petco was taken private in a $1.8 billion leveraged buyout by TPG Capital and Leonard Green in 2006..
Aug 17- Financial software maker SunGard said on Monday it would withdraw its plans for an initial public offering as it plans to pursue an alternative deal.
David Seaburg of Cowen and Company explains why investors could lose a lot of money on this popular stock.
CNBC's Dominic Chu reports on IPO meltdowns, including Zulilly getting taken out by Liberty Interactive.
Japan Post is set to list $11 billion worth of shares in a triple IPO of its holding company, bank and insurance units on Nov. 4, people close to the deal said.
TOKYO, Aug 14- Japan Post Holdings Co is expected to list shares in its holding company and bank and insurance units on Nov. 4, several people close to the deal said on Friday, in Japan's biggest sale of state-owned enterprises in nearly three decades. The giant firm, which runs the nation's mail-delivery service, applied to the Tokyo Stock Exchange in June to list the...
NEW YORK, Aug 13- Options contracts on shares of U.S. burger chain Shake Shack Inc will begin trading on Friday for the first time since the company's initial public offering early this year. Shake Shack's shares, which fell precipitously on Thursday, have been quite volatile since their market debut in January, trading between $38.64 and $96.75.