20180904 IN Pipeline – IPO


Several of our Senior Executive Advisors have been CFOs of public companies.  Let us let you know all the pro and cons.  #ipo #privateequity #bonds #convertibledept

IPO Up and Down

DISCLAIMER: This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website as this a  beta blog.ces. No financial terms were disclosed.

IN PIPELINE – IPO – 09-04-2018

• Meituan Dianping, a Beijing-based online-services firm, is set to launch an IPO this week that could value it at $55 billion. Tencent backs the firm. Read more.

• SIG Combibloc, a Swiss packaging firm, says it plans to raise $1.2 billion (1 billion euros) in an IPO on the Swiss Exchange. Read more.

• Churchill Capital, a New York-based blank check company focused on the predictive data analytics market, now says it plans to raise $450 million in an offering of 45 million units priced at $10 apiece. Previously it planned to offer 40 million units. Jerre Stead, former CEO of IHS, and Michael Klein, managing partner at M. Klein and Company, are cofounders. Citigroup is the underwriter. It plans to list on the NYSE. Read more.

• Funding Circle, the U.K.-based p2p lending platform for small businesses, says it may IPO in London for about $390 million (£300 million). Read more.

• LAIX, the Shanghai-based operator of AI-powered English language learning platform Liulishuo, filed for an $100 million IPO. The firm posted revenue of $25.5 million in 2017 and loss of $37.3 million. IDG Capital(13.4% pre-offering) and GGV (11.7%) back the firm. Morgan Stanley and Goldman Sachs are underwriters. It plans to list on the NYSE as “LAIX.” Read more.

• Principia Biopharma, a San Francisco-based maker of small molecule therapies in the area of oncology, says it plans to raise $75 million in an IPO of 4.7 million shares priced between $15 to $17 apiece. It posted revenue of $5.3 million in 2017 and loss of $28.7 million. Baker Bros (12.3% pre-offering), Morgenthaler Ventures (16.8%), and New Leaf Ventures (16.8%) back the firm.  BofA Merrill Lynch, Leerink Partners, and Wells Fargo Securities are underwriters. It plans to list on the Nasdaq as “PRNB.” Read more.

 

 

Homebrew deals and VC Deals that close!


TODAY’S HOT NEWS!

Look out First Round Capital!   Looks like Hunter Walk ( Linden Labs / Google / YouTube / angel investor ) and Stya Patel ( Twitter / AdSense / Battery Ventures ) are forming a debt fund of $25 million / incubator!

Forture: The new firm is called Homebrew, and is raising $25 million for its debut fund. According to documents viewed by Fortune, the investment strategy would be to back technology startups that “enable the people-based economy” for both consumers and enterprises. The portfolio would be fairly concentrated — fewer than two dozen companies — with around half being incubations and the other half being seed-stage financings.Homebrew would offer a variety of services to portfolio companies — co-location space, recruiting, etc. — and also would provide a small slice of carried interest to entrepreneurs (kind of like what First Round Capital has done).

DEALS THAT CLOSED

Information provide by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Rueters, and other sources.  Please check company website for best information as the about information is from 2nd hand resources.

Below are deals from this week:

Information provide by Associated Press, Crunchbase, Forbes, Market Watch, Rueters, and other sources.  Please check company website for best information as the about information is from 2nd hand resources.

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