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Ferrari's value to exceed $11 billion in IPO, Marchionne says
2015-07-04 09:34:04| Automakers - Topix.net
Maximizing the value of Ferrari through an IPO is crucial to funding a 48 billion-euro investment plan aimed at lifting Fiat Chrysler's global deliveries to 7 million cars by 2018. Photo credit: BLOOMBERG -- Sergio Marchionne, CEO of Fiat Chrysler Automobiles NV, expects the company's Ferrari supercar unit to be valued "at least" at $11 billion in an initial public offering scheduled this year.
Yealands Wine Group plumps for majority stake sale over IPO
2015-07-02 13:58:00| Daily beverage news and comment - from just-drinks.com
Yealands Wine Group has stepped back from launching an IPO, preferring instead to sell an 80% stake to electricity network owner and operator Marlborough Lines.
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Digicel files for IPO
2015-06-29 09:22:00| Telecompaper Headlines
(Telecompaper) Mobile operator Digicel has publicly for an initial public offering of shares in the US. The number of shares to be offered and the price range for the IPO have not been determined yet. Digicel said it will use the proceeds for general corporate purposes, including capital expenditure, acquisitions and paying off debt. Founder by Irish investor Denis O'Brein, Digicel provides communications services in 31 markets in the Caribbean and South Pacific regions, serving around 13.6 million mobile customers. The company claims the number-one position in 21 of its markets, with an over 50 percent share of customers in 20 markets. In the year to March 2015, Digicel generated a net loss of USD 157.6 million on revenues of USD 2.794 billion. Adjusted EBITDA totaled USD 1.181 billion, down from USD 1.223 billion a year earlier, and capital expenditure rose to USD 632.3 million from USD 485.4 million.
Digicel files for IPO
2015-06-29 02:00:00| Total Telecom industry news
Proceeds to help Caribbean telco group expand fixed broadband, cable TV operations.
Sophos prices IPO for valuation of over GBP 1 bln
2015-06-26 13:59:00| Telecompaper Headlines
(Telecompaper) Security service provider Sophos has priced its initial public offering, which it announced earlier this month, at 225 pence per share, bringing its market capitalisation to over GBP 1 billion at the start of conditional dealings. The IPO will be of 156.5 million shares, representing 34.8 percent of the company's issued share capital, assuming no greenshoe. The selling shareholders have granted an over-allotment option of almost 23.5 million shares, representing 15 percent of the shares in the offer. Sophos will be raising around USD 125 million in gross proceeds. The provider will use the money to reduce debt and provide it with better financial flexibility. The selling shareholders will receive gross proceeds of about GBP 272.6 million. At the end of the transaction, Apax Funds will hold 40.1 percent, the founders 18.9 percent, Investcorp 2.5 percent and the directors 1.7 percent. Shares are expected to start trading on the London Stock Exchange on 26 June. At admission, the company will have 450 million shares in issue.
Tags: prices
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