Since Michael Kors Holdings, went public in 2011, its namesake designer continues to lead the global luxury market with on-trend fashion. Analysts are optimistic about its long-term strategies, including global expansion. KORS’ strong track record might make it attractive for other designers to consider an IPO, and strike while the iron is hot. See how Michael Kors is sewing up worldwide success.
Lenovo Group’s $2.9 billion purchase of Google’s Motorola Mobility unit marks the second acquisition by the Hong Kong-based computer manufacturer this year and pushes the level of US acquisitions by companies based in China or Hong Kong to $5.2 billion for year-to-date 2014, up from $1.7 billion a year ago. Credit Suisse advised Lenovo on both purchases this year, while Lazard advised Motorola Mobility
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After three years of sluggish deal flows, a slew of mega IPOs is set to spike up Hong Kong offerings in 2014. With the value of IPOs in Hong Kong seen doubling to over $32 billion this year as major economies pick up steam, Greater China could account for more than half of all 2014 investment banking fees for the Asia-Pacific region, excluding Japan. Today’s graphic compares the IPO volumes of New York, Nasdaq, London and Hong Kong.
This week’s $2.4 billion IPO for Hilton Worldwide Holdings, which ranks as the third largest US listing this year after Plains GP Holdings ($2.9 billion) and Zoetis ($2.6 billion), pushed the dollar volume of US listed IPOs to $57.8 billion, a 38% increase compared to a year ago and the strongest year for US IPOs, by dollars, since 2000. Bank of America Merrill Lynch leads the ranking of US listed IPO bookrunners with 12.5% market share, a 2.7 point increase compared to last year at this time. Credit Suisse, the top US IPO bookrunner at this time last year has fallen to eighth place, a decline of 3.5 market share points from 2012. (more…)
The biggest hotel IPO ever is set to debut on Wall Street Friday. Blackstone controlled Hilton Worldwide could raise over two billion dollars and help Blackstone to more than double its initial investment in the company. Watch this video to see how you’ll be able to track the Hilton IPO using Thomson Reuters Eikon.
Read more on the Thomson Reuters Eikon blog.
The recent Twitter IPO is causing a tremendous amount of new interest in tech IPOs. Watch this video to see how you can track Twitter’s journey by using Thomson Reuters Eikon and learn what the Reuters journalist who covers Twitter has to say about other possible tech IPOs in the future.
Seek more on the Thomson Reuters Eikon blog.
Twitter revealed fairly modest ambitions, saying its initial offering would raise up to $1.6 billion and value the company at up to about $11 billion. Today’s graphic compares key statistics from Twitter, Facebook & Linkedin based on the full year ahead of each company’s IPO.
Twitter gave potential investors their first look at its financials last week when it publicly filed its IPO documents. So far this year, technology firms have accounted for 18.5% of all IPOs – the lowest share since 2008. Today’s double dose of graphics look at the the IPO market and Twitter’s financials.
It’s been a mixed bag for the newest web giants as some have thrived, some have recovered and others have begun to fade. Today’s graphic shows the share price performance of LinkedIn, Yelp, Pandora, Facebook, Groupon & Zynga since IPO.