IPO

Australian IPOs – Graphic of the day

Australia is set for a slowdown in initial public offerings in 2015 after a record activity this year, as a slump in commodities prices cool investor enthusiasm. Today’s graphic tracks IPO proceeds and number of issues since 2000, as well as the 2014 IPO market share breakdown.

Australia IPOs

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Priority messaging – graphic of the day

Line, the popular messaging app owned by Asia’s Naver Corp, is preparing an IPO in the U.S. and Tokyo as soon as November. Today’s graphic shows the download rankings of Line and other major messaging apps in select countries.

priority messaging

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Journalist spotlight: Elzio Barreto on his scoop of China’s WH Group canceling its HK IPO

Reuters was the first to reveal that Chinese pork giant WH Group, the world’s biggest pork company, postponed its planned Hong Kong initial public offering and didn’t set a new timetable, effectively pulling the deal in its current shape. The scoop, scored by Hong Kong correspondent Elzio Barreto and IFR’s Daniel Stanton, reported that the postponement underscored weak demand for the deal even after the company slashed the offer’s size and reduced the valuation. In a Reuters Best: Journalist Spotlight Q&A, Elzio offers an inside look at the reporting behind the exclusive, which was ahead of competitors by at least 10 minutes.

Q. How did you get this scoop? What gave you the edge to be first with the news?

A. We had been covering the WH Group deal very closely for many weeks, reporting on several issues such as investors’ discontent over the huge number of underwriters on the IPO and concerns over a special share award to two top executives, so we had a good pulse on the how it was coming along. At one point, I was discussing with a source several issues affecting the deal and asked how that might affect the pricing, which was about to happen. Daniel, my colleague from IFR, had just reported a day earlier that the company was likely to price near the bottom of expectations, but the source hinted the deal might not get priced because of lack of demand. So after that initial tip, we chased it aggressively until we were able to confirm the IPO would be pulled.

Q. What types of reporting/sourcing were involved? (more…)

Top world tech and China IPOs – graphic of the day

Today’s graphic lists the top 15 technology and Chinese company IPOs. Facebook stands atop all of the tech IPOs in terms of proceeds, while Agricultural Bank of China and ICBC dominate the Chinese space.

IPOs

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IPOs in 2014 – graphic of the day

Today’s graphic shows the best and worst first day share price performance of IPOs so far in 2014. Topping the list is Dicerna Pharmaceuticals, which opened up 206.7%, while the worst performer was King Digital Entertainment.

IPOs

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The luxury market: Ripe for revenue

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.

Michael Kors

Weekly Investment Banking Scorecard

Weekly Investment Banking Scorecard

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

Weekly Highlights: (more…)

Hong Kong IPOs – graphic of the day

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.

IPOs

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Weekly Investment Banking Scorecard

Weekly Investment Banking Scorecard

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…)

Hilton’s IPO – the biggest hotel IPO ever

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.