London-based luxury online marketplace Farfetch files for IPO

London-based luxury online marketplace Farfetch files for IPO

London-based luxury online marketplace Farfetch files for an IPO and plans to list on the New York Stock Exchange under the ticker FTCH. Sources previously told CNBC the company is aiming for a valuation as high as $5 billion. The global market for personal luxury goods was estimated to be worth $307 billion in 2017, according to the filing, citing Bain. It is expected to reach $446 billion by 2025. London-based luxury online marketplace Farfetch…

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No Saudi Aramco IPO? No problem, potentially, for Saudi Arabia’s investment dreams

No Saudi Aramco IPO? No problem, potentially, for Saudi Arabia’s investment dreams

The world’s largest initial public offering is on hiatus. The spending it was to enable may not be. Saudi Arabia planned to take its giant oil company, Saudi Aramco, to the public markets. It was to be the linchpin of a grand economic vision, generating billions of dollars to pay for future-proofing the kingdom’s economy, including huge investments in technology. It is now postponed, leaving a large funding shortfall. But Saudi Arabia is pursuing alternative…

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Chinese tech giant Tencent plans to list its online music business in the United States

Chinese tech giant Tencent plans to list its online music business in the United States

Chinese internet giant Tencent said it plans to spin off its streaming music service on a U.S. stock exchange. In a statement issued on Sunday through the Hong Kong stock exchange, Tencent said the terms of the proposed spin-off, including offering size, price range and other details have not been finalized. The company added that details will be made “as and when appropriate.” Tencent provides services in music, social networking , e-commerce, mobile games, booking…

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Brightview Holdings Inc. IPO (NYSE:BV)

Brightview Holdings Inc. IPO (NYSE:BV)

Brightview Holdings Inc. Symbol: BJ Exchange: BV Share Price: 22.00-25.00 Shares Offered: 21,300,000 Offer Amount: $612,375,000.00 Expected IPO Date: 6/28/2018 Through its predecessors, BrightView commenced operations in 1939 and has grown organically and through acquisitions. BrightView Holdings, Inc. was incorporated in Delaware on November 7, 2013 as Garden Acquisition Holdings, Inc., an entity owned by KKR Sponsor and certain of its affiliates, in connection with the KKR Acquisition. On December 18, 2013, Garden Acquisition Holdings,…

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DOMO, Inc. IPO (NASDAQ:DOMO)

DOMO, Inc. IPO (NASDAQ:DOMO)

DOMO, Inc. Symbol: BJ Exchange: DOMO Share Price: 19.00-22.00 Shares Offered: 9,200,000 Offer Amount: $232,760,000 Expected IPO Date: 6/29/2018 We were incorporated in Delaware in September 2010 under the name Shacho, Inc. In December 2010, we changed our name to “Lightstorm, Inc.” and in July 2011, we changed our name to “Domo Technologies, Inc.” We changed our name to “Domo, Inc.” in December 2011. Our principal executive office is located at 772 East Utah Valley…

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BJ’s Wholesale Club Holdings, Inc. IPO (NYSE:BJ)

BJ’s Wholesale Club Holdings, Inc. IPO (NYSE:BJ)

BJ’S WHOLESALE CLUB HOLDINGS, INC. Symbol: BJ Exchange: NYSE Share Price: 15.00-17.00 Shares Offered: 37,500,000 Offer Amount: $733,125,000 Expected IPO Date: 6/28/2018 BJ’s Wholesale Club Holdings, Inc. is the issuer in this offering and changed its name from Beacon Holding Inc. on February 23, 2018. Our principal operating subsidiary is BJ’s Wholesale Club, Inc., which was previously an independent publicly traded corporation until its acquisition on September 30, 2011, by a subsidiary of Beacon Holding…

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Former NYSE President’s blank check Far Point Acquisition files for a $400 million IPO

Former NYSE President’s blank check Far Point Acquisition files for a $400 million IPO

Far Point Acquisition, a blank check company formed by former NYSE Group President Tom Farley and Third Point to acquire a fintech business, filed on Tuesday with the SEC for an initial public offering. The Wilmington, DE-based company plans to raise $400 million by offering 40 million units at $10 per unit. At that price, Far Point Acquisition would command a market value of $500 million. Each unit consists of one share of our common stock…

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Charah Solutions IPO: Undervalued, But Large Financial Risk

Charah Solutions IPO: Undervalued, But Large Financial Risk

Summary Charah will sell 5,294,117 shares at a maximum price of $18.00 per share. EV/EBITDA ratio is 8.9x, which seems somewhat undervalued. Leverage is very significant. The company will use the proceeds from the IPO to repay the debt. Cash flows and capex seem to be very predictable, which is ideal for BCP, the private equity controlling the company. With a very established business model and stable cash flows, investors will, a priori, appreciate Charah…

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Avalara IPO: The Goodwill Is An Opportunity

Avalara IPO: The Goodwill Is An Opportunity

Summary The company has acquired several competitors all over the world. As a result, the goodwill seems elevated. If the merger integration is done properly, the revenue growth could continue. The company’s share price does not seem very high. The EV/2019 Forward Revenues equals 3.4x. The revenue increased by 73% in the last two years; it reached $213 million in 2017. Avalara expects to sell 7.5 million shares at a maximum offering price per share…

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Avalara: Undervalued IPO Opportunity

Avalara: Undervalued IPO Opportunity

Summary Avalara, a Seattle-based vendor of tax compliance software, has filed for a $150 million IPO. Initially priced at $19-21 per share, Avalara is indicating an opening valuation of $1.3 billion. The company would be valued at just 4.3x forward revenues, an attractive valuation profile against a field of extremely expensive recent IPOs. The company is selling 7.5 million shares in the offering, or just over 11% of its total market cap. The IPO is…

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