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ADT Security’s IPO prices well below its expected range

“It ended up selling an initial 105 million shares, with the underwriting banks having the chance to buy 15.75 million shares” writes Joshua Franklin for businessinsider.com. The company had said it would sell 111.11 million shares to pay down debt, with the underwriting banks also having the option to buy an extra 16.67 million shares.U.S. security company ADT Corp, owned by private equity firm Apollo Global Management LLC, said on Thursday its initial public offering (IPO) was priced well below its expected range, signaling investors are being picky about new offerings.Despite the…

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ADT IPO drawing muted interest

“A second banker said he has had numerous conversations with financial sponsors lately in which they have asked: How soon is too soon to sell or take a company public?” reports foxbusiness.com. Home-security company ADT Inc.’s initial public offering is likely to price below its expected range of $17 to $19 a share on Thursday, according to people familiar with the deal. Source: foxbusiness.com Share This:

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Spotify’s risky IPO reveals a valuation crisis, not a Wall Street revolution

“The debt investors had the right to convert the debt to stock during the IPO at a 20 percent discount” writes Chris O’brien for venturebeat.com. When Spotify’s stock starts trading, it’s going to be facing a lot of unknowns in terms of who will buy it and how much they will buy.The IPO market in the U.S. has been pretty awful the last couple of years, but it’s been particularly harsh for unprofitable companies that don’t offer a clear road to profitability.However, that debt came with some onerous terms that…

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Drugmaker Dermapharm gears up for likely first German IPO of 2018

“Privately held Dermapharm is targeting earnings before interest, tax, depreciation and amortization of 139 million euros sales on sales of 562 million euros this year, according to the analysts” writes Midwest Communications Inc for 95kqds.com. FRANKFURT (Reuters) – German drugmaker Dermapharm is preparing for an initial public offering (IPO), probably stealing a march on much larger Siemens’ healthcare unit Healthineers as the first stock market flotation in Germany this year.Dermapharm, which makes generic drugs, cosmetics, dietary products and medical devices, said on Monday it aimed to raise about 100 million…

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Softbank wants to raise $18 billion through an IPO for its mobile unit

“An IPO could lead to softness in SoftBank Group shares for a while as some telecoms-focused investors sell their holdings to buy shares in the newly listed entity, said Chris Lane, an analyst at Sanford C. Bernstein” writes Yoshiyasu Shida for businessinsider.com. TOKYO (Reuters) – SoftBank Group Corp said on Monday it was considering listing its Japanese wireless business — a move that could reportedly raise $18 billion and would accelerate the conglomerate’s transformation into one of the world’s biggest tech investors. Source: businessinsider.com Share This:

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Investors beware: Spotify isn’t your average IPO

“For investors who have been wanting to buy into one of the world’s largest music streaming services, the wait may soon be over” reports foxbusiness.com. Pairing its financial issues with legal question marks and stacked competition make for a potentially hazardous investment for new buyers when Spotify stock becomes available. Source: foxbusiness.com Share This:

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Blank-check co. Crescent Funding seeks up to $288 million in IPO

“The Los Angeles-based blank check company plans to sell up to 28.75 million shares at $10 a piece” writes Wallace Witkowski for marketwatch.com. The company formed to effect “a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses,” but has yet to identify and potential targets. Source: marketwatch.com Share This:

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Vista Proppants and Logistics files IPO

“In the first nine months of 2017 the company, which specializes in sand for oil and gas operations and related logistics, booked $32 million profit on revenue of $185.8 million, up from net income of $3.4 million on sales of $90 million in the year earlier period” writes Tech Reporter for marketwatch.com. The company plans to list on Nasdaq under the ticker “VPRL.”.  Source: marketwatch.com Share This:

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Dropbox needs to find a new ‘ethos’ and more business customers for an IPO home run

“Dropbox has always impressed me as a company that has a strong personal ethos around creativity and doing things the way they’d like to” writes Becky Peterson for businessinsider.com. Hobert thinks this positioning has worked for the company so far, but that it might pose a challenge to Dropbox once the company is facing constraints as a public company. Source: businessinsider.com Share This:

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Dropbox confidentially files for long-awaited IPO

“Last year, 26 U.S. venture-backed tech companies held IPOs, according to Dow Jones VentureSource, and few of them aside from social-media company Snap Inc” writes Jay Greene for marketwatch.com. Web-storage company Dropbox Inc. has filed confidentially to go public, in what stands to be one of the largest tech IPOs in the past few years, according to multiple people familiar with the matter.More than 100 U.S. companies valued at $1 billion or more privately are still on the sidelines, including ride-hailing firm Uber Technologies Inc. and home-rental company Airbnb Inc.Eleven-year-old Dropbox,…

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