IPOs this week : Jan 6 - 10, 20

No new U.S. pricings are expected during the first full week of the new year.

IPO quiet period expirations
The analyst quiet period expires on

• XP (NASDAQ:XP) on January 6 and 
• Sprout Social (NASDAQ:SPT), EHang (NASDAQ:EH) and OneConnect (NYSE:OCFT) on January 7. 

Across the Pacific, liquid crystal material producer Beijing Bayi Space LCD Technology will be listed on the Shanghai Stock Exchange's sci-tech innovation board and Chinese restaurant chain operator Jiumaojiu International will be listed in Hong Kong.

Habit Restaurants (HABT) to be acquired by Yum Brands (YUM) for $14 per share or $375M

Following the deal, The Habit Burger Grill will become a subsidiary of Yum! Brands joining the likes of KFC, Pizza Hut and Taco Bell.

However, the fast-casual restaurant will continue to be operated as an independent brand and managed by its current president and CEO Russell Bendel and CFO Ira Fils.

Founded in California in 1969, The Habit Burger Grill offers a variety of made-to-order chargrilled burgers and sandwiches, as well as salads, sides and shakes. It operates nearly 300 company-owned and franchised restaurants across the US and China.

Based in Kentucky, Yum! Brands is the parent company of over 50,000 restaurants, primarily operating the company’s brands – KFC, Pizza Hut, and Taco Bell,  in more than 150 countries.

Lamb Weston (LW) reported earnings on Fri 3 Jan 20 (b/o)

** charts after earnings **

 

Lamb Weston beats by $0.09, beats on revs; guides FY20 revs in-line

Reports Q2 (Nov) earnings of $0.95 per share, excluding non-recurring items, $0.09 better than the S&P Capital IQ Consensus of $0.86; revenues rose 11.8% year/year to $1.02 bln vs the $0.96 bln S&P Capital IQ Consensus.

Co issues guidance for FY20, sees FY20 revs of high end of up mid single digits (cons +7% yr/yr) vs. $4.02 bln S&P Capital IQ Consensus; sees adjusted EBITDA of $965-985 mln