Show hosts: Oksana Teplinskaya
France’s largest cable operator Numericable raised about 652 million euro ($875 million) in what became the country’s biggest IPO in four years. The shares climbed 15% in Paris on the first day of the trading, priced at 24.80 euro, the top of the offer range. Also, the company reported that demand outstripped supply by 10 times.
The latest IPO by the British wind power company Infinis Energy has continued an accelerated rush to the markets this year. The renewable energy generator owned by Terra Firma priced its London stock market listing at 260 pence per share, which was the bottom of its original 260 pence to 310 pence per share range.
2013 is going to become the best IPO year for the biotech industry in the U.S. since 2000. In October alone the sector saw 39 listings raising $3 billion, and there are 15 more listings in the pipeline for the final quarter of the year.
In April, the U.S.-based SeaWorld Entertainment raised $253.8 million through selling 29.9 million shares of common stock. The shares ended up 24.2% on their first day of trading.
Hilton Worldwide Holdings, the world’s largest hotel chain, plans to use proceeds from the offering to pay down debt, says its regulatory filing. New York-based Blackstone Group, the world’s largest manager of alternative assets, which currently owns the hotel operator, will maintain a majority of the voting power following the IPO, the filing shows.
One company on the IPO watchlist is Box, a data storage firm based in Los Altos, California. Its co-founder Aaron Levie remarked back in January in an interview with Bloomberg that Box is aiming to declare an IPO soon, and many analysts say it is moving full steam ahead on that plan. Some sources add that Morgan Stanley, Credit Suisse and JPMorgan Chase have already been enlisted to lead the offering. The starting fundraising goal is said to be around $500 million.
One of the two UK property services groups to float on the LSE this year was Countrywide. Since its floatation the group’s shares have increased by 50%. But the success was evident from the very beginning. The UK’s biggest estate agency by revenues sold shares at a top-of-the-range price of 350 pounds, valuing new equity in the company at 750 million pounds.
The NOMOS banking group, one of Russia’s largest private lenders, carried through a successful secondary public offering of shares on Moscow stock exchange this fall. It raised $600 million by selling all the securities it offered. Gazprombank and Otkritie Capital co-organised the listing. Demand exceeded supply, but the company stated it gave priority to major long-term investors in selling the shares.
“Big Data” is now the new magic word, like “cloud computing” was a year ago. Some people are even calling it the oil of the 21st century. One of them is Christian Chabot, the man who runs Tableau Software. The company’s public debut in spring this year met analysts’ expectations and showed up a killer IPO.
Despite hype over the most recent IPO by Twitter, some analysts think it’s Alibaba, not Twitter, which is the world’s most anticipated IPO this year.
As investors are showing confidence in cloud-based service providers, Benefitfocus, a leading provider of cloud-based technologies, raised $130 million in its IPO this fall.
This was the second attempt by Stock Spirits, the largest vodka maker in Poland and Italy, to have a try on the IPO market. The British-based firm raised 206.5 million pounds from the offering, which some market watchers said was a fall on the company’s debut on the LSE.
Luxoft Holding was the first IT company, operating in Central and Eastern Europe, to try and reach the NYST landmark. In June this year the region’s leading IT service provider raised almost $70 million from an initial public offering of its common stock.
As equity capital markets begin to reopen to Russian companies after months of inaction, TCS, or Tinkoff Credit Systems, the Russian credit card company, has raised $1.1 billion in an oversubscribed London IPO.
The privatization of the British postal operator Royal Mail has become the biggest in a string of recent floatations in London. Bloomberg said Royal Mail has become the largest IPO in Europe since April 2011, when Glencore Xstrata raised $10 billion in its London listing. The volume of initial offerings in the region rose sixfold last quarter.
Merlin Entertainments group, the private-equity backed owner of Madame Tussauds and the London Eye, is about to join the ranks of Royal Mail, Countrywide and Crest Nicholson, which have listed on the London markets this year. Goldman Sachs and Barclays, along with Morgan Stanley, Citigroup, HSBC Holdings and Unicredit Bank, are managing the IPO.
Russian payment services provider Qiwi just sold 12.5 million shares on the Nasdaq exchange for more than $200 million in what analysts have recognized as an outstanding Russian IPO. The shares were sold for $30.5 each, significantly more than the $17 price tag put on shares at Qiwi's Moscow IPO in May this year. 1.23 million shares were snapped up by the organisers of the offering – Credit Suisse, VTB Capital, William Blair and Aton.
In the past several years, companies such as Brunello Cucinelli and Salvatore Ferragamo have opted for an IPO as a way to increase visibility, finance their growth, and better compete with larger rivals.
The San Francisco-based social media start-up Twitter is most likely to be taking headlines this week as investors are expecting an IPO of its shares in NY. The company just raised the stock price range for the listing, setting it between $23 and $25 a share, up from $17 and $20 previously.
The Russian government just sold a $1.3 billion stake in diamond miner Alrosa, which vies with De Beers for the mantle of the world's largest diamond producer. The sale which lifted the company’s free float to 23 percent, has become one of the ten biggest in Europe so far this year.