initial public offerings (IPOs) trading on American exchanges

Tuesday, December 7, 2010

Sagent Pharma plans $100M IPO for generic injectables

Sagent Pharma plans $100M IPO. Sagent Holding Co., the Schaumburg, Illinois, company that is developing generic injectable pharmaceuticals, has filed for a $100 million initial public offering just as a host of drug companies tap public capital markets, with many seeking to raise proceeds for research, according to the Wall Street Journal.

Health IT attracts private equity. Healthcare insiders — especially savvy venture capitalists — know there’s more true reform in the $27 billion electronic medical record subsidy program than in the so-called “healthcare reform” legislation passed this year that mostly throws more money down the same volume-based fee-for-service rat hole, according to FierceHealthIT.

*****
Update: 11 July 2016 / Schaumburg, Illinois-based Sagent Pharmaceuticals has agreed to be acquired by Nichi-Iko Pharmaceutical of Tokyo for about $736 million.
  

Wednesday, November 17, 2010

GM IPO boost good news for U.S. taxpayers

General Motors expanded its initial public offering Wednesday by 31 percent, bringing taxpayers and the Treasury Department closer to recouping their huge investment in the revitalized American automaker.


GM announced earlier it would raise the offering price to $32 to $33 per share, up from a previously announced range of $26 to $29 per share.

GM said in a statement it would increase the planned offering of common stock to 478 million shares from the previously expected 365 million shares, a sign of stronger-than-expected demand for a stake in the automaker that is just 16 months out of bankruptcy protection.

The move, coupled with an expected stock price of up to $33 per share, would bring the U.S. government closer to getting back the $50 billion it spent bailing out GM last year. It could also make GM's IPO the largest in history for a U.S.-based company.

GM plans to finalize the IPO share price on Wednesday. The share price is targeted at $32 to $33 per share.

The revised terms of the IPO could raise as much as $22.7 billion and take U.S. government ownership of the automaker down to as little as 33 percent from 61 percent.

The moves came after GM received orders worth about $70 billion for the common stock portion of the offering as of late Tuesday, a source familiar with the situation said.

The strong demand is good news for U.S. taxpayers and the Treasury, which is likely to take in more than $10 billion from the IPO proceeds while retaining a significant equity stake in the company. The Obama administration has said it would need to ultimately get $36 billion to break even, including $6 billion in pre-bankruptcy help given to GM and $30.1 billion in Chapter 11 exit financing.

Others have said the total taxpayer help extended to GM is worth closer to $50 billion.

If GM's stock price rises in the months and years after the offering, taxpayers will come closer to the break-even point. GM shares are expected to begin trading on the New York and Toronto stock exchanges Thursday.

The strong Wall Street reception for GM represents a win for the Obama administration after it chose to restructure GM in an unpopular, 2009 taxpayer-funded bankruptcy that left the automaker with the stigma that it had become "Government Motors."

Thursday, August 12, 2010

RealPage (RP) started trading on the NASDAQ




RealPage, Inc. is a provider of on demand software solutions for the rental housing industry. Its platform includes property management systems and five families of software-enabled services. Its software-enabled services provide complementary sales and marketing, asset optimization, risk mitigation, billing and utility management and spend management capabilities. Its property management systems and software-enabled services include multiple product centers that provide capabilities and can be licensed separately or as a bundled package.

Its platform also includes a set of shared cloud services, including reporting, payment, document management and training functionality that are common to all of its product families. During the year ended December 31, 2010, it acquired the assets of Domin-8 Enterprise Solutions, Inc.; acquired 100% of the outstanding stock of eReal Estate Integration, Inc., and acquired all of the assets of Level One, LLC and L1 Technology, LLC.

MakeMyTrip Ltd. (MMYT) started trading on the NASDAQ




MakeMyTrip Limited is an online travel company in India. The Company conducts its business principally through its Indian subsidiary, MakeMyTrip (India) Private Limited (MMT) India. Through its primary Website, www.makemytrip.com, and other platforms, travelers can research, plan and book a range of travel services and products in India, as well as overseas. Its services and products include air tickets, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to travel insurance. The Company provides its customers with access to all major domestic full-service and low-cost airlines operating in India and all major airlines operating to and from India, over 4,000 hotels in India and a selection of hotels outside India, Indian Railways and several major Indian bus operators.

Friday, August 6, 2010

NXP Semiconductors NV (NXPI) started trading on the NASDAQ




NXP Semiconductors N.V. (NXP) is a global semiconductor company and a supplier. The Company provides High-Performance Mixed-Signal and Standard Products solutions. NXP’s product solutions are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. It is engaged with original equipment manufacturers (OEMs) worldwide and over 58% of its sales are derived from Asia Pacific (excluding Japan).

The Company operates in four segments: High- Performance Mixed-Signal, Standard Products, Manufacturing Operations and Corporate and Other. On February 23, 2010, NXP acquired the 50% stake owned by Sony Corporation (Sony) in Moversa GmbH (Moversa), and merged Moversa with its subsidiary NXP Semiconductors Austria GmbH. On February 8, 2010, Trident Microsystems, Inc. (Trident) completed its acquisition of its television systems and set-top box business lines. As a result of the transaction, NXP owns 60% of Trident.

Tuesday, August 3, 2010

Glossary

  • IPO -- The initial public offering (IPO) is the first sale of a stock by a private company to the public. IPOs are generally used by smaller companies raising capital to expand, but can be done by large private companies who want to be publicly traded.

Friday, July 16, 2010

QlikTech (QLIK) began trading on the NASDAQ on 16 July 2010






Qlik Technologies Inc. (QlikTech), through its wholly owned subsidiaries, the Company sells software solutions that deliver data analysis and reporting solutions. QlikTech’s software platform, QlikView, combines enterprise-class analytics and search functionality. The Company’s solution addresses the needs of a range of customers from middle market customers to large enterprises, such as Autodesk, Campbell Soup Company, Colonial Life, The Dannon Company, Inc., Heidelberger Druckmaschinen AG, ING, Kraft Foods, Lifetime Brands, Nasdaq OMX, National Health Service (NHS), Qualcomm, Symantec and Volvo Car UK Limited. It has customers in over 100 countries, and approximately 75% of its revenue, during the year ended December 31, 2010, was derived internationally. On January 22, 2010, QlikTech acquired Syllogic Corporation (Syllogic).

Address
150 Radnor Chester Road Suite E220
Radnor, PA 19087
United States

Thursday, July 15, 2010

SMART Technologies (SMT) started trading on the NASDAQ



SMART Technologies Inc. through its wholly owned subsidiary, SMART Technologies ULC (ULC) and its subsidiaries, the Company designs, develops and sells interactive technology products and integrated solutions that enhance learning. The Company’s core interactive technology solution is its interactive whiteboard product category. SMART Board interactive whiteboards combine the simplicity of a whiteboard and the power of a computer. By touching the surface of a SMART Board interactive whiteboard, the user can control computer applications, access the Internet, write in digital ink and save and share work. Its interactive whiteboards are designed to serve as the focal point of a technology platform in classrooms and meeting rooms. Its line of interactive whiteboards ranges from the 400 series, to the 600 series, and the 800 series. As of March 31, 2011, the Company had shipped over 1.9 million of its SMART Board interactive whiteboards worldwide.

Thursday, July 8, 2010

Biggest IPOs


The initial public offering (IPO) of Agricultural Bank of China, the country’s third-largest bank, looks set to become the biggest on record. 

On July 6th and 7th the bank raised a reported $19.2 billion in a dual listing on the Shanghai and Hong Kong stock exchanges. If the bank takes up a further 15% allotment of shares, that would value the deal at a total of $22.1 billion, slightly more than the offering in another Chinese bank, ICBC, in 2006.

According to Dealogic, a provider of financial information, telecommunications was the investors’ choice in the 1990s, but during the past decade the biggest IPOs have been mostly in the financial sector, and mainly of Chinese banks.

Tuesday, June 29, 2010

Tesla Motors (TSLA) started trading on the NASDAQ on June 29, 2010



Tesla Motors, Inc. designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components. The Company owns its sales and service network, and markets and sells its vehicles directly to consumers through the phone and Internet, in-person at its corporate events and through its network of Tesla stores. The Company commercially produces an electric vehicle, the Tesla Roadster. The Tesla Roadster offers acceleration and performance without producing any tailpipe emissions. In addition, it provides services for the development of electric powertrain components and sells electric powertrain components to other automotive manufacturers. On July 1, 2010, it introduced the Roadster 2.5, with new styling and an upgraded interior. As of December 31, 2010, it had delivered over 1,500 Tesla Roadsters to customers in 31 countries, almost all of which were sold in North America and Europe.

Address
3500 Deer Creek
Palo Alto, CA 94304
United States

Tesla CEO Elon Musk waves in front of the Model S at the Tesla factory in Fremont, Calif.

Tuesday, May 18, 2010

China MediaExpress Holdings (CCME) started trading on the NASDAQ





China MediaExpress Holdings, Inc. (CME), through contractual arrangements with Fujian Fenzhong Media Co., Ltd. (Fujian Fenzhong), operates the television advertising network on inter-city express buses in China. The Company and its subsidiaries and variable interest entity (VIE) are engaged in the operation of mobile television advertising networks on passenger buses travelling on highways in the People's Republic of China.

The Company does not conduct any substantive operations of its own, but conducts it primary business operations through Fujian Fenzhong, a VIE of a wholly owned subsidiary, Fujian Across Express Information Technology Co, Ltd. (Across Express). On October 15, 2009, CME acquired all of the issued and outstanding capital stock of Hong Kong Mandefu Holding Limited (the HKMDF), its subsidiary and VIE, and as a result, HKMDF became its direct wholly owned subsidiary.