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Kyoto - 10 Mar 2007 23:47

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Upcoming Floats
date	name	activity	location	news
01/08/07	Aisi Realty Public	Property investment	Ukraine
01/08/07	Worldspreads Group	Spreadbetting	Ireland	1
02/08/07	Lewis Charles Romania Property Fund	Property investments	Romania
Late June/Early July	Ludgate Environmental Fund	Investment fund	Jersey
02/08/07	Rapid Realisations Fund	Investments	Guernsey
03/08/07	Et-china.com	Travel services	China
03/08/07	Nordic Land	Property investment	Sweden, Norway
03/08/07	Oakley Capital Investments	Private equity	Bermuda
03/08/07	Sepura	Mobile radio equipment	UK	1
06/08/07	Energybuild	Coal Mining	UK
06/08/07	IdaTech	Fuel cells	US	1
06/08/07	In House Group	Property management	UK
06/08/07	Nviro Cleantech	Environmental technology	UK	1
06/08/07	Wadharma Investments (Kiwara)	Mineral exploration	Zambia
Early August	American Leisure Group	Leisure development	US
10/08/07	Azurite Investments (Hitchens Retail)	Retail investments	UK
10/08/07	Hollywood Media Services	Event services	UK

Missed Stated Date
date	name	activity	location	news
Mid/End-July	Mathon Capital	Commerical property lender	UK
Mid-July	Asia Environmental Partners	Environmental investments	Asia
19/07/07	IMSG	Sales/marketing services	Ireland
Mid-July	Tsar Emerald Corporation	Emerald mining	Russia
18/07/07	Spitfire Oil	Oil producer	Australia
17/07/07	Park Plaza	Hotels	Europe	1
12/07/07	PME African Infrastructure Opportunities	Investments	Africa
06/07/07	Cardsave	Card payments	UK
Early July	Vietnam Infrastructure	Investments	Vietnam
03/07/07	Discover Leisure	Caravan/leisure retailer	UK
Late June	AOI Medical	Orthopaedic devices	US
29/06/07	Equidebt	Debt collector	UK	1
28/06/07	PXP Qudos Vietnam Property Fund	Property Investments	Vietnam
Mid-June	Genesis Worldwide Inc	Construction technology	Canada
07/06/07	Vector Hospitality	Hotels	UK	1 2 3 4 5 6 7 8 9

Recent Floats
date	name	activity	location	news
31/07/07	Connemara Mining Company (CON)	Zinc/Gold Mining	Ireland
Late July	Epicure Qatar Equity (EQEO)	Investments	Qatar
31/07/07	Pan African Resources (Barberton Mines) (PAF)	Mining	South Africa
26/07/07	Tawa (TAW)	Insurance investments	UK
24/07/07	Africa Opportunity Fund (AOF)	Investments	Africa
24/07/07	CapRegen (CGN)	Biotech investments	UK
24/07/07	India Hospitality Corp (IHC)	Hospitality investments	India
20/07/07	i-design group (IDG)	ATM adverts	UK	1
20/07/07	Mineral Securities (MXX)	Resource investments	British Virgin Islands
18/07/07	Mobile Doctors Group (Petsome) (MDG)	Medico-legal reports	UK
16/07/07	Freshwater UK (FWUK)	Marketing/PR	UK
16/07/07	Shieldtech (Base Group) (STEC)	Ballistic protection equipment	UK
13/07/07	Maple Energy (MPLE)	Oil/gas/ethanol	Peru
12/07/07	Dhir India Investments (DHIR)	Distressed investments	India
12/07/07	Superglass Holdings (SPGH)	Insulation manufacturer	UK
11/07/07	China Real Estate Opportunities (CREO)	Property investment/development	China	1
11/07/07	Trinity Venture Capital (TVC) (TVCH)	Investments	Ireland	1
10/07/07	Minerva Resources (Palladex) (MVA)	Mining	Kyrgyzstan, Ethiopia, Sierra Leone
09/07/07	Plant Offshore Group (POGL)	Oil/gas support	Malaysia
09/07/07	Queenco Leisure International (QLI)	Casino operator	Greece
06/07/07	Jetion Holdings (JHL)	Solar cell manufacturer	China	1
06/07/07	Mount Engineering (MOU)	Engineering	UK
05/07/07	Cobra Holdings (CBRA)	Wholesale insurance	UK
05/07/07	MobilityOne (MBO)	E-commerce payments	Malaysia

2007-08-01 13:20 (v1.0.3)

Kyoto - 10 Mar 2007 23:50 - 2 of 440

IPOs/Flotations - Friday 9 March, 2007BH Macro Limited (BHMG) - First DayPublic Service - 23/03/07Vycon (VYCO) - First Day

Kyoto - 11 Mar 2007 00:01 - 3 of 440

Safestore float raises 150m for private equity owners
Safestore sets 449 million float price

goldfinger - 11 Mar 2007 00:24 - 4 of 440

Good idea, excelent thread.

porky - 11 Mar 2007 14:39 - 5 of 440

snap.

Kyoto - 13 Mar 2007 01:34 - 6 of 440

IPOs/Flotations - Monday 12 March, 2007Matica plc - Late MarchNighthawk Energy plc (HAWK) - First DaySTM Group plc -28/03/07

Kyoto - 13 Mar 2007 06:56 - 7 of 440

Big breasts are big business. The worldwide breast enhancement market is estimated to be worth up to $650m (337m) a year and growing at 12 to 15 per cent annually. In the UK, the market grew by an amazing 51 per cent in 2005 alone.

Smart Implant Holdings is looking to cash in on this trend. It claims to have developed a new type of breast implant that is free of silicone, with a more natural feeling and safer than traditional implants.

The group is in the process of raising 1.7m of equity funding and plans to list on the Alternative Investment Market in the summer.

Paul Abrahams, Smart Implant's chief executive, says the business is already generating revenues, which is unique for an early-stage life sciences company, and should be able to produce profits of over 1m by 2008.

http://news.independent.co.uk/business/analysis_and_features/article2350072.ece

Kyoto - 14 Mar 2007 02:10 - 8 of 440

IPOs/Flotations - Tuesday 13 March, 2007STM Group Plc - 28/03/07Leni Oil & Gas - 16/03/07

Kyoto - 15 Mar 2007 01:56 - 9 of 440

IPOs/Flotations - Wednesday 14 March, 2007ZTC Telecommunications - 21/03/07Earl Street Capital (Entertainment One) - 29/03/07Trust Capital Properties Ukraine - Late March 2007Trust Property Management Group (TPM) - First Day

Kyoto - 15 Mar 2007 02:42 - 10 of 440

Smurfit Kappa floats with a price of 2.2 billion

Kyoto - 15 Mar 2007 07:15 - 11 of 440

Noventa Limited ('Noventa' or the 'Company'), a producer of tantalum, a metal principally used in the consumer electronics industry is set to join London's Alternative Investment Market with an expected initial market capitalisation of 60m.

Noventa to join AIM Market

Kyoto - 16 Mar 2007 01:56 - 12 of 440

IPOs/Flotations - Thursday 15 March, 2007Noventa Limited - 20/03/07Braveheart Investment Group - Late MarchDiamondTech Inc - Late March/Early April

Kyoto - 16 Mar 2007 02:41 - 13 of 440

Enfis - Lighting pioneer ready for AIM float
Scotland's Tulloch plans 100m flotation

Kyoto - 17 Mar 2007 08:22 - 14 of 440

IPOs/Flotations - Friday 16 March, 2007Enfis Group - 23/03/07Leni Gas & Oil PLC (LGO) - First Day

Kyoto - 19 Mar 2007 04:14 - 15 of 440

Ronnie Screwvala owns TV, film and computer gaming interests in India. Now he is advising a new investment vehicle that is poised to float in London. Is the fund backing him, or just taking his tips?

Dont say Bollywood as mogul goes global

LONDON: India media fund, which plans to offer international investors controlled access to India's fast-growing media market, will float on London's alternative investment market (AIM)in the next fortnight, its adviser Ronnie Screwvala has said.

India media fund will float on AIM in next fortnight: Screwvala

goldfinger - 19 Mar 2007 12:02 - 16 of 440

Thanks for the excelent work here Kyoto,

much appreciated

Fantastic thread.

Kyoto - 19 Mar 2007 14:23 - 17 of 440

Thanks Goldfinger.

Kyoto - 20 Mar 2007 02:20 - 18 of 440

IPOs/Flotations - Monday 19 March, 2007 Noventa Ltd - 20/03/07India Media Plc - Intention to FloatIndia Media Plc 03/04/07Inland plc - Intention to FloatInland plc 03/04/07Sentry Select DivCdn - Intention to Float

Kyoto - 20 Mar 2007 02:51 - 19 of 440

The European equivalent to the Alternative Investment Market (AIM) is coming to London this week in a search for new investors.

Alternext, which is owned by Euronext and has offshoots in four European capitals, denies it is attempting to take business away from AIM. But it is inevitably targeting those firms that have chosen to invest in Londons less regulated market.

AIM rival Alternext comes to London to seek new investors

Kyoto - 21 Mar 2007 01:51 - 20 of 440

IPOs/Flotations - Tuesday 20 March, 2007Evolvence India - 23/03/07Delek Global Real Estate - Early AprilEpiStem Holdings - Early AprilMinera IRL Ltd - 04/04/07Noventa Limited (NVTA) - First DayZTC Communications - 21/03/07

Kyoto - 21 Mar 2007 07:16 - 21 of 440

ZTC Admission document (PDF)

Kyoto - 22 Mar 2007 01:42 - 22 of 440

IPOs/Flotations - Wednesday 21 March, 2007ZTC Telecoms plc (ZTC) - First Day

Kyoto - 22 Mar 2007 12:02 - 23 of 440

On several fronts then, it would appear that Australian company Plantic Technologies, scheduled to float on the AIM in May, scores heavily.

http://www.iomonline.co.im/ViewArticle2.aspx?SectionID=872&ArticleID=2135843

goldfinger - 22 Mar 2007 12:11 - 24 of 440

Looks rather interesting but no profit for 2 year.

I think Ive got a good one for the thread Kyoto.

It could be what Worthington Nichols was to last years IPO market ie, the Float Of The Year .

Ill try and dig it out. Goes next month Im told.

goldfinger - 22 Mar 2007 23:49 - 25 of 440

Here we are Eaga, it could be a real corker...

http://www.investegate.co.uk/Article.aspx?id=200702080701228948Q

Kyoto - 23 Mar 2007 02:18 - 26 of 440

IPOs/Flotations - Thursday 22 March, 2007Public Service Properties Investments - 26/03/07Interbulk Investments - 11/04/07eXpansys plc - 05/04/07

Kyoto - 23 Mar 2007 02:28 - 27 of 440

Goldfinger - thanks for the heads-up about Eaga - I'll keep my eye on it.

http://www.eaga.com/
Eaga Thread

Kyoto - 23 Mar 2007 03:02 - 28 of 440

Finally, small-cap investors will be expecting a decent start for Enfis as it makes its debut on AIM today. The solid-state lighting manufacturer is another technology start-up from Sir Terry Matthews' stable, and the Welsh entrepreneur is expected to retain a 15 per cent stake. The company has raised 4m through a placing by the broker Noble at 140p per share and demand for the stock is thought to have been strong.

http://news.independent.co.uk/business/analysis_and_features/article2383910.ece

Kyoto - 23 Mar 2007 07:12 - 29 of 440

A big decision is approaching for Gareth Pearce (right) and his firm, Smith & Williamson. Having decided, in principle, that a flotation would be a good idea, the firm is to decide in April whether or not to go ahead with an Autumn float.

Prospects: to float or not to float? That's the question for S&W

kimoldfield - 23 Mar 2007 13:44 - 30 of 440

Excellent thread Kyoto, thanks very much.
kim

Kyoto - 24 Mar 2007 02:45 - 31 of 440

IPOs/Flotations - Friday 23 March, 2007Equable Properties - 30/03/07Evolvence India Hldg (EIH) - First DaySt Peter Port Capital - Mid-April

Kyoto - 24 Mar 2007 02:57 - 32 of 440

Thanks Kim.

Kyoto - 25 Mar 2007 07:15 - 33 of 440

The impending death of the filament bulb has sparked the float today of a company pledging to shed some light on the potential for energy-efficient illumination in the future.

Enfis in 4.5m Aim switch-on

Property millionaire Desmond Bloom is to float a new business on Aim, heralding his return to the stock market for the first time since 2003. His latest property venture, Equable Properties, will list next Friday and will simultaneously make its first acquisition, purchasing 10 pubs across the UK.

Bloom pops down the pub

Kyoto - 26 Mar 2007 05:56 - 34 of 440

Magnitogorsk Iron and Steel Works, Russias third-biggest steelmaker, is the latest Russian business to seek a UK listing. It plans to float about 10 per cent of its capital on the LSE in April to raise an expected $1bn (509m).

Magnitogorsk to float 10% stake in $1bn London listing

goldfinger - 26 Mar 2007 09:48 - 35 of 440

Enfis looks interesting.

Will have to do a bit more research on this one.

Thanks Kyoto.

Kyoto - 27 Mar 2007 02:12 - 36 of 440

IPOs/Flotations - Monday 26 March, 2007 Entertainment One - 29/03/07AFC Energy plc - 12/04/07Public Service Props (PSPI) - First DaySt James's Energy plc (Immersion Technologies) - 12/04/07St Peter Port Capital - Intention to FloatXchanging plc - Intention to Float

Kyoto - 27 Mar 2007 23:53 - 37 of 440

IPOs/Flotations - Tuesday 27 March, 2007Braveheart Inv Group - 30/03/07

Kyoto - 28 Mar 2007 03:32 - 38 of 440

Xchanging today announced plans for to float on the London Stock Exchanges main market, in a move likely to value the outsourcing company at around 500 million.

Xchanging plans London float

BRAVEHEART Investment, the Perth-based business angel investment group, is to float on AIM, raising 6.64 million which it plans to use to continue its work of investing in young emerging companies.

The firm, which is just over a decade old, has placed some 3.9 million new shares on the market, and sold 160,725 existing shares, both at 160p, giving it expected market capitalisation of 21.45 million. Dealing will start on Friday. It is Scotland's first float this year.

Braveheart plans to nurture more talent with float

Braveheart, the Scotland-based venture capital syndicate, has reactivated plans for a stock market listing. The company, which pulled a float last June amid turbulence in global stock markets, will list on the Alternative Investment Market on Friday.

The company announced yesterday that it is raising 5.7m after expenses, subject to admission, through a placing of almost 4 million new shares. The Perth-headquartered business, whose shareholders are also selling 160,725 shares at 160p each, will have a market capitalisation of 21.45m. Existing investors retain 69% of the enlarged share base.

Braveheart syndicate to list on AIM

Kyoto - 28 Mar 2007 15:23 - 39 of 440

As one leading UK BPO player gets bought and taken private, another one heads for the public market. Two months after Oak Hill led a buyout of Vertex, General Atlantic partners has decided to sell off its stake in Xchanging.

Xchanging IPO will put a price on BPO

goldfinger - 29 Mar 2007 00:11 - 40 of 440

Im amazed at where you get all this information from Kyoto.

Its trully brilliant.

B/Boards have needed this type of resource for years.

Well done.

Kyoto - 29 Mar 2007 01:03 - 41 of 440

Thanks Goldfinger.

IPOs/Flotations - Wednesday 28 March, 2007Avanti Communications -03/04/07DragonWave Inc - 16/04/07Inland plc - 03/04/07Versatile Systems Inc - 13/04/07

Kyoto - 29 Mar 2007 02:46 - 42 of 440

Rusal, the newly created aluminium group, is to seek an initial public offering (IPO) in London, possibly by the end of this year.

The merger of Rusal, Sual and Glencores alumina assets creates the worlds largest aluminium producer, eclipsing Alcoa and Alcan, of North America.

The enlarged Rusal plans to raise up to $10 billion (5.08 billion) by listing in London in a move that will allow its key shareholders to cash out. The listing will also help to finance Rusals ambitions to become a metals giant to rival BHP Billiton and Rio Tinto

Enlarged Rusal aluminium group aiming to raise $10bn from flotation in London

Kyoto - 30 Mar 2007 01:28 - 43 of 440

IPOs/Flotations - Thursday 29 March, 2007JPMorgan Progressive Multi-Strategy Fund - 16/04/07

Kyoto - 30 Mar 2007 06:21 - 44 of 440

Altimo, the telecoms investment group controlled by Mikhail Fridman, Russias fourth-richest man, is considering a listing in London as part of international expansion plans.

Altimo may opt for float as part of global expansion

Indo Gold is looking to float on Londons AIM market sometime this year, and is exploring the Jagpura project in Rajasthan, India. The companys most advanced prospect is the Bhukia gold deposit, which hosts an inferred resource of 1.74 million ounces. The company hopes that further drilling will yield more ounces.

Resource Investor

Kyoto - 31 Mar 2007 01:52 - 45 of 440

IPOs/Flotations - Friday 30 March, 2007EpiStem Holdings - 04/04/07Equable Properties PLC (EQU) - First DayIndia Media - End AprilORA Capital Partners - 17/04/07

jimmy b - 31 Mar 2007 21:28 - 46 of 440

Hi kyoto if you have any info on the float of Eaga ,please post ,many thanks .

Kyoto - 02 Apr 2007 07:46 - 47 of 440

Jimmy - if/when I pick anything up something I'll post it here.

jimmy b - 03 Apr 2007 17:33 - 48 of 440

Cheers Kyoto.

Kyoto - 04 Apr 2007 08:33 - 49 of 440

IPOs/Flotations - Monday 2 April, 2007Norseman Gold plc/Davos Resources - 24/04/07Phorm, Inc -03/05/07

Kyoto - 04 Apr 2007 08:35 - 50 of 440

IPOs/Flotations - Tuesday 3 April, 2007Matica plc - 10/04/07Inland PLC (INL) - First DaySterling Green Group - 27/04/07

goldfinger - 04 Apr 2007 11:07 - 51 of 440

Matica PLC looks interesting...

Matica Plc is the parent company of a group of companies that designs, manufactures and markets systems for the
personalisation of cards, such as credit cards, identification cards, membership cards and SIM cards.

Kyoto - 05 Apr 2007 02:07 - 52 of 440

IPOs/Flotations - Wednesday 4 April, 2007Delek Global Real Estate - 05/04/07eXpansys plc - 11/04/07EpiStem Holdings plc (EHP) - First DayMinera IRL - 12/04/07

Kyoto - 05 Apr 2007 02:25 - 53 of 440

Manchester-based biotech company EpiStem enjoyed a strong debut. The shares started trading at 124p and rose 28.5 to close at 152.5p. The listing was arranged by Teather & Greenwood and accompanied by a financing that raised almost 3m, which the company said was all that is required for its strategy.

Telegraph

Kyoto - 05 Apr 2007 02:35 - 54 of 440

Saga, the company famous for organising holidays for the over-50s, is set to land its staff a 500m windfall less than three years after many were handed generous bonuses. The company has appointed the investment bank Close Brothers to help it with "future ownership options", with a stock market float as one of the most likely.

Saga staff in line for 500m windfall

Aseana Properties, a property developer backed by the Malaysian construction group Ireka Corporation, debuts on the London Stock Exchange. The group has raised $153 million (77 million) to invest in Vietnam and Malaysia through a share placing at $1 each.

http://business.timesonline.co.uk/tol/business/markets/article1615485.ece

mg - 05 Apr 2007 08:17 - 55 of 440

Kyoto
Got one of those irritating phone calls yesterday offering to get me in to an IPO which is due to come to the market in June/July - trouble is I was too busy telling him to f@@k off that I didn't really listen to the company he was punting. And he had that bucket shop technique of not drawing breath as he described how fantastic this company was and how his company would get me in at a massive discount - blah-de-blah.

Something to do with fingerprint technology - anything in your sources that sounds like that?

Please don't spend any time on it - but if it rings any bells could you post a link.

Brilliant thread by the way.

mg

Isaacs - 05 Apr 2007 08:28 - 56 of 440

Interesting company just come to market (ticker EHP)

Epistem.co.uk

LONDON (ShareCast) - EpiStem got off to a flying start when it began trading on AIM this morning as the biotech firm focused on commercialising adult stem cells soared 23% from its placing price of 124p.

The group, which is interested in the areas of oncology and gastrointestinal diseases as well as cosmeceutical applications, was valued at 7.39m after it placed 2.5m shares to raise 3.1m, or 2.6m net of expenses.

It said the money will be used to enable the partnering of novel therapeutic compounds, widen the diagnostic platform of the existing cash-flow positive fee for service business and for general corporate services.

An AIM quotation gives us the profile to expand our service support business as well as become a leading supplier of validated candidate novel therapeutics for a pharmaceutical industry increasingly demanding such targets, said boss Matthew Walls.

EpiStem operates two distinct business divisions, Contract Research Services and Novel Therapies.

The cash generative and profitable Contract Research Services unit provides specialised preclinical efficacy testing mainly for drug development companies on a fee for service basis.

Meanwhile, Novel Therapies, which is focused on developing its own innovative therapeutics and diagnostic biomarkers, has identified 250 potential drug candidates.

The division is also conducting feasibility studies with two drug development companies using its clinical diagnostic biomarker technology.

Isaacs - 05 Apr 2007 08:32 - 57 of 440

MG - I have heard about a similar company though a reputable source. It was based in Hong Kong and offers a wide range of biometric solutions for companies throughout Asia. I can't find the details right now but will have a dig around.

mg - 05 Apr 2007 08:42 - 58 of 440

Cheers Isaacs - my gut feeling was that it might be interesting it's just that I wouldn't dream of getting involved with some outfit ringing me cold and offering to do me a favour :) That's why I wanted to see if there was anything I could look at in my own time without committing to what might turn out to be a scam company with no real connection with the IPO.

Look forward to seeing what you turn up

mg

Isaacs - 05 Apr 2007 10:28 - 59 of 440

MG - just remember the company I was thinking about is RC Group

RC Group

It is actually already listed so I got my wires crossed. Interesting company and area nevertheless.

Kyoto - 05 Apr 2007 14:44 - 60 of 440

MG - thanks - there's nothing on the horizon in the field of biometrics that I'm specifically aware of. I have a nagging feeling that I've read about a company in this area considering a float later this year but I did a bit of digging and couldn't find anything I'm afraid. If I pick anything up I'll post it here.

Trouble with biometrics is, for every RCG there's an SDKK and I haven't really got my head around the sector. One day I'll do some more reading.

By the way, I was once quite rude to Capital Spreads when they phoned me out of the blue - opening line 'are you interested in oil futures?'. It was only after I'd slammed the phone down on them I remembered I'd asked them to call me sometime with some info on their platform... so it happens. Some of these people need to work on their technique though.

mg - 05 Apr 2007 15:03 - 61 of 440

Kyoto
Cheers and yes, one of these days my well practiced standard response is gonna get me in trouble - but they don't half pee me off. Either they trawl through some databases they've bought or some arse has put me on one of their lists.

I reckon it's that maggie bunton :)

Kyoto - 05 Apr 2007 15:11 - 62 of 440

Isaacs - I don't know if this is relevant to EpiStem - sounds negative but I suppose it could be positive if it locks out competing research:

MPs have warned that the UK government's proposed ban on hybrid embryos could damage UK science, and charged that it will restrict development of life-saving stem cell treatments.

The report comes ahead of a draft bill, due to be published on 8 May, which the government has indicated will ban hybrid and chimera embryos. In November a lab at Newcastle University was first to apply to the Human Fertilisation and Embryology Authority (HFEA) for a licence to create human-bovine hybrid embryos in order to boost the supply of human stem cells for research.

Don't do a Bush on stem cells, urge MPs, scientists, doctors

Kyoto - 09 Apr 2007 14:23 - 63 of 440

A Hong Kong-based software firm will this week strike a blow for the London Stock Exchange in its increasingly fractious battle with its New York rivals by unveiling plans for a listing on Aim.

NetDimensions, a publisher of knowledge management software used by ABN Amro, Cathay Pacific and HSBC, has elected for a London listing despite the fact that more than twice as much of its revenue is generated in North America as in Europe.

Aim wins another round in US fight

Kyoto - 10 Apr 2007 00:54 - 64 of 440

IPOs/Flotations - Thursday 5 April, 2007Norseman Gold (Davos Resources) - 24/04/07Avanti Communications Group - 16/04/07Aseana Prop Ltd (ASPL) - First DayBB Holdings Limited - 24/04/07JPMorgan Progressive Multi-Strategy Fund - 15/05/07Versatile Systems - 16/04/07

Kyoto - 10 Apr 2007 03:11 - 65 of 440

Last month the London Stock Exchange released some depressing figures, showing that the hunger for Aim stocks is clearly subsiding.

It revealed that the junior market posted its worst performance for admitting new companies in three years. The first quarter saw just 51 new admissions against 121 in the same period last year.

In reality, this should not come as a surprise. For months, investors have complained of "indigestion" and "fatigue" from the constant stream of new flotations, against a backdrop of poor-performing new issues and criticism of Aim from high-profile US figures.

AIM Market report:Bumper international listings compensate for falling numbers

Kyoto - 10 Apr 2007 03:20 - 66 of 440

Matica, an Italian company focused on designing and making machines that can personalise credit, debit, membership and identification cards, will today list on the Alternative Investment Market. The group wants to raise around 2m and is tipped to secure a valuation of more than 10m on admission.

Matica operates in a high-growth market. Plastic cards are increasingly used in the world as a method of payment and identification. Most people these days have multiple cards including credit, debit, SIM cards for mobile phones, membership and loyalty cards as well as identification cards. Matica makes the systems that can personalise them - something which is increasingly becoming a prerequisite in the cards industry. The group is already profitable. In its last financial year, Matica made an operating profit of 500,000 (340,000) on sales of 8.8m.

A good hand of cards (second story)

Kyoto - 10 Apr 2007 03:55 - 67 of 440

A HOME-GROWN business which already a major online retailer of mobile computing and communication devices is dialling up a 25m flotation on AIM, it was revealed today.

He said the company had spoken to a number of venture capitalists, but had opted instead to go for an AIM listing. The private equity investors seemed to be looking at buying shares cheap so they could float the company in due course. We thought we could do it ourselves and that the time is right.

eXpansys plans 25m float

Kyoto - 11 Apr 2007 01:50 - 68 of 440

IPOs/Flotations - Tuesday 10 April, 2007St Peter Port Capital - 16/04/07Bglobal plc - 25/04/07NetDimensions (Hdgs) - Intention to FloatVolga Gas plc - 25/04/07

Kyoto - 11 Apr 2007 02:23 - 69 of 440

Shares in Vneshtorgbank (VTB), Russias second-largest bank, have gone on sale to Russians, as the business prepares for its 4 billion listing in London and Moscow. The flotation, set for early next month, will be the first foreign listing by a Russian bank.

Russias VTB aims for London listing

Kyoto - 11 Apr 2007 10:35 - 70 of 440

LONDON (Thomson Financial) - Meat-packing company Hilton Food Group said it is planning to float on the main market of the London Stock Exchange before the end of May.

The company said no new money will be raised for the company and that it intends to place existing shares with institutional investors. It anticipates that some 50 pct of its shares will be in public hands following admission.

Hilton Food planning to float on main market of LSE before end of May

LONDON (SHARECAST) - The parent company of UK retail stockbroker The Share Centre is exploring the prospects of a listing on Londons AIM in late 2007 or early 2008, it said in a statement Tuesday.

A possible float of Share plc is seen as part of a strategy that would ultimately take the company into a main market listing.

Share plc mulls AIM float

MUMBAI: UTV Software Communications has decided to bring its new media businesses, including the two gaming companies it has acquired, under a wholly owned subsidiary which could possibly list on London's Alternative Investment Market (AIM).

UTV to float UK subsidiary for new media, overseas listing on plan

goldfinger - 11 Apr 2007 10:40 - 71 of 440

The Share Centre to float.........NICE.

Was awarded a few shares with them a couple of years back.

Will have to see how many I have.

Kyoto - 12 Apr 2007 00:44 - 72 of 440

IPOs/Flotations - Wednesday 11 April, 2007ORA Capital Partners - 17/04/07Promethean India - Late AprileXpansys Plc (XPS) - First Day

goldfinger - 12 Apr 2007 01:51 - 73 of 440

Eaga, no news yet then Kyoto?.

Kyoto - 12 Apr 2007 03:49 - 74 of 440

No. But as you suggested on the Eaga thread, it's all about the P/E at float and the risk/reward of buying in. Unless there's some scope for riding the initial wave of hype in an overvalued situation. If it develops a buzz then it's going to end up being priced at the top end of the range and I prefer to look for the SOLA type opportunities. Has anyone called Brewin to ask if they have a date range in mind or if there's any scope for participating in the IPO proper?

If they announce anything more concrete though my systems will probably pick it up and it will get posted here automatically. Sometimes these intention to float statements come to nothing in my experience and sometimes it takes a long time before the package is put together. I assume that given Eaga's financials they aren't going to have any trouble getting sufficient buy-in to float but you never know what might happen in the interim.

Kyoto - 12 Apr 2007 07:03 - 75 of 440

Flat speaker specialist Immersion Technologies International lists on Aim today and unlike many of its junior market peers is already far along the research and development path with some big orders set up. The London-based group, whose products can be found in Aston Martins and Jaguars, joined Aim via a reverse takeover of St James's Energy. It expects to break into profit by mid-2009, thanks largely to a deal with technology firm Nakamichi. A report by Objective Capital values the business at 50m. Immersion chief executive Craig Evans cites a gap in the market as TVs get flatter but speakers fail to keep pace. Immersion's products start at 8mm thick. The group is also in talks with several consumer electronics companies to supply them with tailor-made speakers.

The Guardian (last paragraph)

Small-cap traders are excited about the prospects for St James' Energy following a successful reverse takeover by the high-definition acoustics speaker manufacturer Immersion Technologies, the name under which the shares will begin trading this morning. The group's objective capital report indicates that it expects the business to have a value of close to 50m following the transaction, almost 10 times its current market capitalisation. The shares closed 0.17p better at 1.42p.

Independent

goldfinger - 12 Apr 2007 10:25 - 76 of 440

Thanks for that Kyoto.

This thread is now becoming a must read each day.

Ist one I have a look at every morning.

jimmy b - 12 Apr 2007 10:41 - 77 of 440

Me too GF ,excellent kyoto .

Kyoto - 13 Apr 2007 01:58 - 78 of 440

IPOs/Flotations - Thursday 12 April, 2007Minera IRL Limited (MIRL) - First Day

Kyoto - 13 Apr 2007 03:23 - 79 of 440

Two of Britains leading entrepreneurs are preparing to announce plans to float a hotel property group worth an estimated 2.5 billion on the London Stock Exchange, The Times has learnt.

Richard Balfour-Lynn, the head of Marylebone Warwick Balfour, and Sir David Michels, former chief executive of Hilton Group, have teamed up with Bank of Scotland and Royal Bank of Scotland to pool between 60 and 80 hotels under the De Vere, Hilton and Marriott brands in a real estate investment trust (Reit).

Flotation to put 2.5bn value on first UK hotel Reit

Virgin Radio is heading for a 100m stock market flotation after its owner, SMG, decided to concentrate its efforts on its television interests north of the border.

Virgin Radio set for 100m float

goldfinger - 13 Apr 2007 10:23 - 80 of 440

I wouldnt mind a slice of that action from Virgin Radio.

Kyoto - 14 Apr 2007 02:15 - 81 of 440

IPOs/Flotations - Friday 13 April, 2007AFC Energy plc - 24/04/07Avanti Communications - 16/04/07Direct Wonen N.V - 27/05/07

Kyoto - 14 Apr 2007 03:46 - 82 of 440

A British company that has developed an "emission free" electric scooter has appointed HSBC to undertake a strategic review which could lead to a flotation.

Vectrix, founded by inventor Andrew MacGowan, has appointed the investment bank to look at the best option for taking the business forward financially.

A flotation could see the company valued at up to 200m. It is thought any float would be made on London's Aim market.

Green firm puts HSBC on its scooter

Vincent Lo, the Hong Kong-based billionaire behind Shanghai's famous Xintiandi entertainment district, has unveiled plans to lock into China's largely-untapped property market.

Mr Lo, who founded Shui On, one of Hong Kong's flagship corporate names, more than 35 years ago, told The Daily Telegraph that China Central Properties (CCP), a new company that will initially house a portfolio of existing development projects, would consider a listing on London's Aim market in the next few months.

Deutsche Bank has been appointed to advise on the flotation, which is expected to value CCP at several hundred million pounds.

Aim listing mooted for Chinese venture

trigger45 - 16 Apr 2007 03:34 - 83 of 440

Excellent thread Kyoto. This is becoming a must read every day. Thanks for the work you put into this.

Kyoto - 16 Apr 2007 06:49 - 84 of 440

Thanks Trigger45.

Kyoto - 17 Apr 2007 02:06 - 85 of 440

IPOs/Flotations - Monday 16 April, 2007DragonWave Inc - 19/04/07Hargreaves Lansdown - Intention to floatNetDimensions (Holdings) - 02/05/07

Kyoto - 17 Apr 2007 02:17 - 86 of 440

One of the country's biggest and best-known private investor firms is coming to the stock market, making fortunes for its founders and owners.

Peter Hargreaves, 60, and Stephen Lansdown, 54, will each collect around 70m cash. They still own about 40% each of Hargreaves Lansdown, the business they started 26 years ago.

Analysts reckon the business will be valued at between 650m and 700m, which means it would automatically enter the FTSE 250 index.

Hargreaves float worth 70m to owners

Kyoto - 17 Apr 2007 07:17 - 87 of 440

A COMPANY which supplies `smart meters' to help businesses monitor their energy consumption and cut their bills is to become the latest north west firm to float on the stock market.

BGlobal aims to raise up to 7m for expansion when it lists on AIM later this month. The firm, which employs 70 staff, is expected to have a market value of up to 25m.

Analysts believe the Blackburn-based business, founded in 2003 by chief executive Peter Kennedy, 55, could see sales rocket from 2.75m in the 12 months to March 31 to almost 30m within two years,with losses of 2.4m being turned into pre-tax profits of 7.4m.

BGlobal powers up for growth

Kyoto - 17 Apr 2007 07:24 - 88 of 440

The founders of one of Britains biggest sellers of investment products will share more than 550 million by taking their own gamble on the stock market.

Stephen Lansdown and Peter Hargreaves will float Hargreaves Lansdown, the business that they set up 25 years ago, at the end of May, they said yesterday. The Bristol-based firm is expected to be valued at between 650 million to 700 million. At the top end of this range, they would pocket nearly 70 million each by selling a quarter of their respective 40 per cent share-holdings. Their remaining stakes would be valued at more than 200 million.

Financial advisers to net 550m from IPO

Hargreaves Lansdown, one of the UK's largest firms of financial advisers, unveiled plans yesterday for a 700m flotation on the London market - a move which will see each of the company's two founders cash in some 70m of their equity in the company.

Founders to net 70m each in Hargreaves Lansdown float

You don't often see a former Labour minister and a former Tory minister on the board of the same company. AFC Energy, the fuel cell company due to join the Alternative Investment Market later this month, has Tim Yeo, ex-Conservative environment minister, in the chairman's seat and Brian Wilson, once Tony Blair's energy minister, as a non-executive earning annual fees of 30,000 and 20,000 respectively.

Meanwhile, readers can expect to see AFC Energy, with Messrs Yeo and Wilson aboard, admitted to AIM next week. The company hopes to raise 3m of new money which it will use to develop and produce an alkaline fuel cell system. It hopes to be able to make its system at a significantly lower cost than any other, allowing it to become commercially viable.

Former Labour and Tory ministers fuel AIM launch

Kyoto - 18 Apr 2007 02:18 - 89 of 440

IPOs/Flotations - Tuesday 17 April, 2007Dawnay, Day Sirius - Intention to floatMinoan Group Plc - 02/05/07

Kyoto - 18 Apr 2007 15:12 - 90 of 440

Hargreaves Lansdown has created a trustworthy name for itself in the 25 years it has been handing out financial advice and handling the administration for its 350,000 private investor clients from its Bristol base.

Yet how easy is it for those, and other investors, to trust that shares in the company will be worth buying when it floats on the stock exchange next month?

Is giving someone a big pay day enough reason to invest?

Kyoto - 19 Apr 2007 03:05 - 91 of 440

IPOs/Flotations - Wednesday 18 April, 2007Dawnay Day Sirius - Early May

keepitreal - 19 Apr 2007 19:36 - 92 of 440

Keep an eye on Minoan currently listed on Plus. As indicated above this stock is being moved to AIM on May 2. This stock has been held back both by its listing on Plus and the time taken to secure planning permission. Planning consent has now been given for a massive holiday complex in Crete and previous lack of newsflow is now being reversed. Stock now starting to motor and should be a real good un when market realises its potential on AIM. Website address Minoangroup.com and more info on Plusmarketsgroup.com

Kyoto - 20 Apr 2007 01:02 - 93 of 440

IPOs/Flotations - Thursday 19 April, 2007Bglobal - 25/04/07Roxi Petroleum -08/05/07

Kyoto - 20 Apr 2007 04:59 - 94 of 440

A company that develops pesticides and insecticides derived from plant oil is to float on the Alternative Investment Market in a bid to enter a $23bn (11.49bn) market affected by environmental and safety concerns.

TyraTech is to be spun out of XL TechGroup, which is also quoted on Aim.

Greener insecticide company to float

Kyoto - 21 Apr 2007 02:22 - 95 of 440

IPOs/Flotations - Friday 20 April, 2007Volga Gas plc - 25/04/07

Kyoto - 22 Apr 2007 02:34 - 96 of 440

A Swiss-based company with assets in West Africa and Iraq is poised to become the largest independent oil and gas company on the London market.

Addax Petroleum, which is already listed in Toronto, has hired advisers ahead of a dual listing on the main market.

Addax seeks 2.7bn listing in London

Kyoto - 24 Apr 2007 06:33 - 97 of 440

IPOs/Flotations - Monday 23 April, 2007Cineworld Group plc - Intention to floatDiamondTech Inc - Early MayPromethean India -25/04/07Tau Capital plc - Mid May

Kyoto - 24 Apr 2007 07:51 - 98 of 440

Finally, a strong start to trading is expected for AFC Energy as it begins life on the public markets today after a placing by the broker Dawnay Day at 23p per share. The alkaline fuel-cell company has signed a deal with Akzo Nobel, and demand for its shares is expected to be good.

Independent - last paragraph

Kyoto - 24 Apr 2007 08:43 - 99 of 440

Cineworld said that it planned to float in a move that would give Britains second-largest cinema chain a market value of up to 245 million. Cineworld, which was forced to cancel its IPO last year due to choppy equity markets, said that it would price its shares between 155p and 185p a share on the London Stock Exchange on Friday.

Cineworld to project itself on to market with 245m flotation

soul traders - 24 Apr 2007 09:01 - 100 of 440

Morning all. Just bought some AFC on speculation that trading is going to be strong.

AFC SP currently: Bid: 26p Offer: 27p Change: No change reported, but I have seen the price drop from 28/30 down to 25/27. About 200k traded so far.

HARRYCAT - 24 Apr 2007 09:13 - 101 of 440

Good luck to you soult, but buying on the strength of a newspaper article only is a big risk. But that's what 'a punt' is all about eh?!!!

soul traders - 24 Apr 2007 09:16 - 102 of 440

:o) I just had to have a go, Harry :o)

Kyoto - 24 Apr 2007 10:23 - 103 of 440

Pret a Manger is considering a stock market flotation within the next 18 months that could value the sandwich chain at between 150m and 280m.

Pret a Manger considers stock market flotation

goldfinger - 24 Apr 2007 10:34 - 104 of 440

Bglobal looks an interesting punt.

soul traders - 24 Apr 2007 10:47 - 105 of 440

Correct, GF. but according to my quick scan in Shares Mag, it's very similar to Qonnectis, (QTI) from which great things have been expected, yet the SP has gone nowhere.

Kyoto - 25 Apr 2007 02:31 - 106 of 440

IPOs/Flotations - Tuesday 24 April, 2007AFC Energy Plc (AFC) - First dayEmCo Capital plc - 11/05/07

Kyoto - 25 Apr 2007 02:34 - 107 of 440

Wizz Air, the low-fare airline that has built a business shuttling Polish and Hungarian workers to Western Europe, is planning to float on the London Stock Exchange in a listing that could value it at 400m-500m.

Wizz Air pursues 500m ticket

Kyoto - 25 Apr 2007 06:56 - 108 of 440

Finally, Volga Gas, a Russian exploration and production group, comes to AIM today following a placing by the brokers Renaissance Capital and KBC Peel Hunt at $6 (299p) per share. The company is expected to start producing commercial quantities of gas from its assets in eastern Russia before the end of 2008. The placing was oversubscribed by 40 per cent.

Independent - last paragraph

Volga Gas, a production and exploration company with reserves in Russia, makes its debut on AIM today after raising 58 million through a placing at 299p per share, valuing the group at about 155 million. The share sale was believed to be about 40 per cent oversubscribed.

The Times

Kyoto - 25 Apr 2007 07:34 - 109 of 440

Cambridge, UK - 25 April 2007 - Autonomy Corporation plc (LSE: AU. or AU.L), a
global leader in infrastructure software for the enterprise, today announced
that after years of successful research and development it is to demerge its
consumer division, which is expected to be floated on the London Stock
Exchange's AIM market.

Autonomy's consumer division is formed from Autonomy's research and development
related to the application of Autonomy's award-winning IDOL technology to the
consumer space, and blinkx. As part of the demerger it will be renamed blinkx,
and floated as blinkx plc., following exercise of an option over shares in
blinkx, Inc., a privately held company.

AU. RNS

http://www.blinkx.com/

Kyoto - 26 Apr 2007 01:14 - 110 of 440

IPOs/Flotations - Wednesday 25 April, 2007Bglobal PLC (BGBL) - First dayDirect Wonen N.V. - 01/05/07FollowUs Holdings plc - 11/05/07NetDimensions - 02/05/07Powerflute Oyj -11/05/07Promethean India PLC (PTHI) - First daySpeymill Deutsche Immobilien - 11/05/07Vector Hospitality - Intention to floatVolga Gas PLC (VGAS) - First dayXchanging PLC (XCH) - First day

Kyoto - 26 Apr 2007 05:46 - 111 of 440

VTB, Russias second-largest bank, has set the indicative price range for its initial public offering next month, the first by a Russian bank in London. It will try to raise up to $8.4 billion (4.2 billion), seeking to almost match its rival Sberbanks $8.95 billion rights issue. In an investment memorandum, VTB said that it had set the indicative price range at 0.1130 to 0.1390 roubles per share, or $8.77 to $10.79, for a global depositary receipt

VTB bank seeks $8.4bn in IPO

Kyoto - 26 Apr 2007 05:50 - 112 of 440

Dealings started on a when- issued basis in shares of Xchanging after the 84.1m on offer were priced at 240p, valuing the business outsourcing specialist at 493m. UBS and Citigroup were joint book-runners, and the shares were offered to institutional investors.

The issue was heavily oversubscribed following presentations in the UK, US and Europe. The price touched 263p, with more than 44m shares changing hands.

Volga Gas, the independent exploration company based in Russia, made its Aim debut today. It has raised 58m through a placing at 299p a share, valuing it at 155m. Broker KBC Peel Hunt said the placing was 40% oversubscribed.

The shares opened at 310p before settling 315p. The money will be used to extract gas for production in 2008.

This is Money

Kyoto - 26 Apr 2007 07:45 - 113 of 440

MUMBAI (Thomson Financial) - Eight Indian real-estate companies have put their Alternative Investment Market (AIM) listing plans on hold as they are not sure they will be able to raise the expected capital, the Mint reported, quoting consultants who did not wish to be named.

The paper cited Ibukun Adebayo, business development manager (India and international) at the London Stock Exchange as saying: 'This year there is a slowdown in the domestic real-estate market and this mood is reflected at the AIM market as well.'

http://www.moneyam.com/action/news/showArticle?id=1926030

Kyoto - 26 Apr 2007 07:59 - 114 of 440

Wellstream - Final Price

Kyoto - 26 Apr 2007 08:12 - 115 of 440

State-owned VTB will try to raise up to $8.4 billion in an initial public offering in London next month, issuing some 1.7 trillion shares at a price that some market players view to be grossly inflated.

The bank said Wednesday that it had set the indicative price range for its IPO, the first by a Russian bank in London, at 11.3 to 13.9 kopeks per share, implying a market capitalization of $22.85 billion to $28.1 billion prior to the new share issue.

Based on 2007 earnings forecasts, this implies a price-earnings ratio of 27 at the upper price range, UBS analyst Bob Kommers said. Compared with Sberbank, whose stock price is 17 times its projected earnings for 2007, this is "very expensive," Kommers said.

VTB's $8.4Bln Float Viewed as Unlikely - Moscow Times

Kyoto - 27 Apr 2007 02:21 - 116 of 440

IPOs/Flotations - Thursday 26 April, 2007Direct Wonen - 01/05/07Sterling Green - 27/05/07Tembusu Investments - 11/05/07Templar Minerals - 11/05/07

Kyoto - 28 Apr 2007 01:00 - 117 of 440

IPOs/Flotations - Friday 27 April, 2007Boundary Capital -15/05/07Cineworld Group plc (CINE) - First dayPhorm, Inc. - 03/05/07Sterling Green Group PLC (SGG) - First dayTembusu Inv. - 11/05/07

Kyoto - 28 Apr 2007 03:12 - 118 of 440

Shares in the cinema chain Cineworld soared on its stock market debut yesterday as investors anticipated bumper revenues from blockbusters such as Harry Potter and the Order of the Phoenix, Spiderman 3 and Oceans 13.

The stock was offered to institutional investors at 170p, but finished the day at 195p as the company raised 104.3m on its public debut.

Cineworld scales heights on debut

Kyoto - 29 Apr 2007 04:23 - 119 of 440

This new form of interactive video advertising is not some futuristic concept of how we will use the internet in years to come - it is a reality today.

Blinkx, a British company based in Cambridge, hopes to use its technology to become the dominant force in video search and advertising.

Last week, the small outfit, which has just 30 staff split between the UK and the US, said it planned to demerge from Autonomy, its parent company, and seek a listing on AIM, the junior stock market in London.

The name is Blinkx: the special agent for internet video searches

Kyoto - 29 Apr 2007 13:57 - 120 of 440

Financier Niall McFadden will float his Boundary Capital investment firm in Dublin and London on May 15, raising at least 25 million in funding.

The deal will value the firm at more than 53 million. Boundary holds stakes in a series of firms in different industries and plans to use the new funds to develop those businesses and pursue other deals in Ireland and overseas.

Flotation to raise 25m for Boundary Capital

MOSCOW, April 28 (Reuters) - The initial public offering book of Russia's second-largest bank VTB is already oversubscribed, market sources said on Saturday.

State-owned VTB intends to float 22.5 percent of its shares in Moscow and London. Pricing of the deal, which if fully taken up at the top of the range would raise $8.4 billion, is expected on May 11.

Russia VTB IPO book already oversubscribed-sources

LONDON, April 27 (Reuters) - A U.S.-based company that makes sure businesses never go off-line even when the power goes out said on Friday it plans to float on London's Alternative Investment Market in late May.

California-based Pentadyne Power Corporation, which has revenue but is loss-making, said it intends to raise up to $30 million in a share placing and expects to have a market capitalisation of $100 million on listing.

Cleaner energy firm Pentadyne plans $100 mln IPO

Kyoto - 01 May 2007 04:19 - 121 of 440

IPOs/Flotations - Monday 30 April, 2007Madara Bulgarian Property Fund -Late MayPentadyne Power - 22/05/07

Kyoto - 02 May 2007 02:38 - 122 of 440

IPOs/Flotation Announcements - Tuesday 1 May 2007Dawnay, Day Sirius (DDS) -First dayDirect Wonen N.V. (DIWO) -First dayICB Financial Group - 16/05/07Phorm, Inc. - 04/05/07

Kyoto - 02 May 2007 04:12 - 123 of 440

Internet hosting company TelecityRedbus is heading for a potential 500m stock market floatation as the appetite from investors for dotcom stocks continues to reignite.

The Daily Telegraph has learned that TelecityRedbus and its private equity owners, which include 3i and US venture capitalist Oak Hill Ventures, have hired corporate financiers at Deutshce Bank to advise on strategic options.

Internet host in 500m float or sale move

The two co-founders of Hargreaves Lansdown are set to be even wealthier than previously expected when the financial advisory firm floats next month.

Peter Hargreaves and Stephen Lansdown were tipped to be worth around 250m each following the IPO, which was expected to value the firm at between 650m and 700m.

Co-founders of Hargreaves Lansdown set to make 285m each

Kyoto - 02 May 2007 07:07 - 124 of 440

Riding its success on the domestic bourses, Global Broadcast News Ltd (GBN) has decided to list either on the London Stock Exchange or on the Euronext in the next four months, making it the first Indian media company to be listed outside the country.

GBN to raise $200 m from foreign listing

P&Os owner has hired Deutsche Bank and Shuaa Capital, a Dubai-based investment house, to consider a partial float or refinancing, just over a year after buying the British ferries and ports group.

It is understood that DP World, the worlds third-largest ports group, is keen to reach a decision by the autumn.

DP World tests water for partial flotation in London or Dubai

AUTONOMY'S announcement last week that it is to de-merge and float Blinkx, its consumer search engine, received a rather muted response from the City, with the Autonomy share price only slightly up; however, could this be a re-run of the fabulous Autonomy story of almost a decade ago?

Blinkx could be big if history repeats

The billionaire owners of a Kazakh mining company preparing to list on the LSE have been advised they might have to leave the board because of outstanding money-laundering allegations against them. The unusual advice given to Eurasian Natural Resources Corporation is in a confidential draft of a document prepared for the company by PwC ahead of its IPO this year. ENRCs flotation preparations come amid intensifying debate among investors about the impact some overseas listings, mainly from the former Soviet Union, are having on the standards and reputation of the London market.

Kazakh miner warned on London listing

LONDON (Thomson Financial) - Hargreaves Landsdown PLC, the UK private client investment manager, said the price range of its forthcoming flotation on the London Stock Exchange will be 140-160 pence, giving it a market value of 711 mln stg at the midpoint of the range.

In a statement, the company said 118.6 mln shares will be offered to the market, representing about 25 pct of the group's existing share capital, and generating gross proceeds of 178 mln stg at the mid-range price of 150 pence per share.

Hargreaves Lansdown sets IPO price range at 140-160 pence UPDATE

The TV18 Group is floating a new film entity in the UK. The company - christened The Indian Film Company - will raise $110 million from Londons Alternative Investment Market. TV18s holding company Network18 Fincap Ltd will pick up about 9 per cent in this entity by investing $10 million.

TV18 Group To Float A New Film Company; Plans $110-Million AIM Listing

goldfinger - 02 May 2007 10:01 - 125 of 440

Boundary Capital looks interesting.

Will do more research.

Kyoto - 03 May 2007 05:02 - 126 of 440

IPOs/Flotation Announcements - Wednesday 2 May 2007Local Shopping REIT (LSR) - First dayMarket Wizards Fd Ld - Intention to floatMinoan Group PLC (MIN) - First dayNetDimensions (Hdgs) (NETD) - First daySpeymill Deutsche Immobilien Company - 10/05/07

Kyoto - 03 May 2007 07:48 - 127 of 440

A Cambridge innovator of disposable bioreactors has raised 1 million from institutional investors to accelerate the companys development as it prepares to float on the London Stock Exchange before the year end and build a Pennsylvania innovation centre to house its new US subsidiary.

Cellexus Biosystems Ltds first revenues are beginning to pour in and the firm expects to hit profitability by 2008. Together with a 5m funding target for its AIM floatation, accelerated recruitment and the build up of a US-based hi-tech centre, the company is also becoming a ripe target for potential acquisitions according to chief executive, Dr Kevin Auton.

Funds boost Cellexus IPO push and United States expansion

LONDON Startup shingle the Indian Film Co. (IFC) is set to raise 55 million ($110 million) by floating on the AIM market of the London Stock Exchange. New company will primarily invest coin in Bollywood films.

Indian Film Company to float on AIM

PATISEAR - 03 May 2007 21:48 - 128 of 440

Kyoto - 04 May 2007 02:24 - 129 of 440

IPOs/Flotation Announcements - Thursday 3 May 2007AFI Development PLC (AFID) - First day (conditional)ICB Financial -16/05/07Roxi Petroleum - 14/05/07Tau Capital plc -09/05/07Vectrix Corporation - Late May

Kyoto - 04 May 2007 11:28 - 130 of 440

Entrepreneur Karl Watkin hopes to raise up to 50m from a stock market flotation of a company mining a steel strengthening metal in China.

The metal, known as molybdenum, has been picked as the next big thing in global metal markets.

Mr Watkin and business partner Frank Vanspeybroeck expect to list China Molybdenum Ltd on London's Alternative Investment Market (AIM) at the end of the summer, with up to 25% of its shares being sold off, valuing the company at up to 200m.

Watkin planning 50m flotation

Kyoto - 05 May 2007 01:24 - 131 of 440

IPOs/Flotation Announcements - Friday 4 May 2007Blinkx plc - End MayEuropean Capital Ltd (ECAS) - First day (conditional)Eurotrust A/S - 30/05/07FollowUs - 11/05/07Templar Minerals - 11/05/07

Kyoto - 06 May 2007 09:29 - 132 of 440

ONE of Russias biggest property developers, PIK Group, is planning a $1.5 billion (750m) flotation on the London Stock Exchange.

The Moscow company, which has expanded rapidly with the Russian property boom, is planning to float a stake of up to 15%, making the offering bigger than the $1.4 billion London float last week by AFI Development, a Russia-focused developer owned by the Israeli conglomerate Africa Israel Investments.

Russias PIK to float in London

Kyoto - 08 May 2007 02:33 - 133 of 440

Maxjet, the low-fares business-class airline, is to follow the lead of rival carrier Silverjet by floating on the London market in a deal expected to value the business at about 100m.

The airline, which began transatlantic services in November 2005, and now operates from Stansted to New York, Washington and Las Vegas in a fleet of five Boeing 767 aircraft, said it intends to seek a listing on the Alternative Investment Market (AIM).

Maxjet plans 100m AIM float to fund growth

Maxjet, the first all-business class airline to fly transatlantic services, will list in London today, valuing the company at more than 100 million.

The Alternative Investment Market listing will allow Maxjet, which is owned by a number of wealthy investors, to start new routes to the United States.

Maxjet to start new routes to US after flotation

Kyoto - 09 May 2007 01:29 - 134 of 440

IPOs/Flotation Announcements - Tuesday 8 May 2007Boundary Capital - 15/05/07MAXjet Airways Inc. - Intention to floatPlantic Technologies - Late MayPowerflute Oyj - 11/05/07Saltus Euro Debt Strategies - Intention to float

Kyoto - 10 May 2007 01:08 - 135 of 440

IPOs/Flotation Announcements - Wednesday 9 May 2007Tau Capital PLC (TAU) - First day

Kyoto - 10 May 2007 01:09 - 136 of 440

Finally, Borat will doubtless be pleased by the stock market debut of Tau Capital, after it raised $250m in a placing on AIM for the purposes of investing in companies in Kazakhastan. The broker Numis Securities led the placing at $1 per share, which raised 25 per cent more capital than was targeted. Tau Capital is the brainchild of Lord Rothschild and Richard Horlick, a former head of investments at fund management giant Schrers. Its shares closed at $1.04, giving new investors a 4 per cent premium.

The Independent

Kyoto - 10 May 2007 01:15 - 137 of 440

Doctor Mike Lynch was Britain's first software billionaire. His beloved Autonomy flirted with the Footsie during the dotcom boom before falling dramatically out of bed, along with many other techno high-fliers, when the bubble burst in March 2001.

It took some time for him and the company to recover but the shares have doubled since January 2006. Sold down yesterday to 732p at the outset, they rallied strongly to touch 827p and close 34p higher at a 800p amid rumours that US computer giant Microsoft could bid for its Blinkx consumer division before it gets demerged and floated on Aim later this month.

Yesterday's trading: Microsoft eyes Blinkx

Kyoto - 10 May 2007 06:27 - 138 of 440

The directors of a solar power company are to net a 240m windfall in the biggest flotation yet of a renewables business on the London market.

PV Crystalox Solar, which makes silicon wafers for solar roof panels, is expected to be valued at around 500m when it lists on the main market next month.

Solar power chiefs generate 240m

Crystalox, a company based in Wantage that makes silicon ingots for solar panels, is to list on the London market.

It is expected to be the biggest IPO by a company involved in renewable energy in the UK, valuing the business at 500m.

The company is to issue 50m in new shares and existing investors will float 100m, making 150m in total available to the market.

Biggest ever renewables company to list in London

Kyoto - 10 May 2007 10:07 - 139 of 440

The on-off float of Capital Pub Company is back on track after the unbranded pubs group appointed two new financial advisers.

Capital Pub orders Aim-listing

Kyoto - 10 May 2007 15:39 - 140 of 440

Speculation today mounted that the Robert Tchenguiz-backed Leon healthy fast-food chain is destined for a stock market flotation after it hired Coffee Republic's finance director to become its numbers man.

Leon builds appetite for float

Booker, the cash-and-carry group owned by the Icelandic investment group Baugur, is set to return to the public market after agreeing a reverse takeover by Blue Heath Holdings.

Booker to make stock market return

Kyoto - 11 May 2007 02:42 - 141 of 440

IPOs/Flotation Announcements - Thursday 10 May 2007Blueheath Holding - 04/06/07DiamondTech Inc - 15/05/07FollowUs Holdings ICB Financial - 17/05/07Roxi Petroleum - 21/05/07

Kyoto - 11 May 2007 02:45 - 142 of 440

The Finnish mining group Talvivaara is to list on the London Stock Exchange, aiming to raise at least 250m to open a nickel mine in Finland.

Talvivaara, which is 54 per cent owned by its chief executive, Pekka Pera, owns one of Europe's biggest deposits of nickel. It aims to use a more environmentally friendly form of extracting nickel from ore, known as bioheapleaching technology.

Analysts expect the company to be valued at more than 400m when it is listed.

Finnish miner seeks London listing to exploit nickel assets

Kyoto - 11 May 2007 02:46 - 143 of 440

Dealers kept an eye on Tembusu, which will invest in financial companies in Asia. It floats today on Aim and at its issue price of 10p will have a market capitalisation of 6m. The groups directors include Jonathan Rowland, the former chief executive of Jellyworks, which was bought by Shore Capital in 2000. Vantage Corporation in Singapore, the oldest listed company there, is also a backer.

Aim Focus

Kyoto - 11 May 2007 08:37 - 144 of 440

Financial advisers Bestinvest, one of the UK's largest independent advisers and brokers, is set for a sale or flotation in a move that could see it valued at up to 150m.

Bestinvest considering sale or flotation

VTB's supervisory board late Thursday approved the final pricing of its initial public offering at 13.6 kopeks per share, a 2.16 percent discount on the upper price range, Interfax reported.

The decision, made during a meeting with underwriters, cleared the way for shares to start trading Friday in Moscow and London.

VTB Prices Shares Near the Top Value

Kyoto - 11 May 2007 08:43 - 145 of 440

AN OXFORDSHIRE company is to float on the main London Stock Exchange, 25 years after it first came up with a technique for growing silicon. PV Crystalox Solar of Milton Park, near Abingdon, hopes to raise 54m in the biggest initial public offering (IPO) of shares by a UK renewable energy company.

The move, which means Crystalox would be valued at 500m, is light years away from the 1982 start-up of the company, which this year won its fourth Queen's Award for Enterprise. Its first home was a shed in Wantage, containing just four employees. Now Crystalox, driven by increasing demand for photovoltaic cells to convert sunlight into energy, has two buildings at its Milton Park headquarters and two more buildings in Culham.

Solar power company to float

Kyoto - 11 May 2007 08:45 - 146 of 440

The first quarter of this year seemed to signal a cooling of interest in the Alternative Investment Market as it recorded its worst admissions performance for three years and its worst fundraising performance in two but the future is still rosy

Alternative Investment Market: still bullish

Kyoto - 11 May 2007 12:25 - 147 of 440

VTB, Russia's second-biggest bank, has priced its shares at the top end of the expected range, making its flotation in London the biggest in the world so far this year.

The shares were priced at 0.136 roubles per share, and $10.56 (5.34) per global depositary receipt GDR, which represents 2,000 shares.

The company will have a market capitalisation of around $35.5bn, while the total offer size is $8bn, which VTB said would be the largest flotation anywhere in the world this year.

Russian bank float will be the biggest IPO this year

Kyoto - 12 May 2007 06:06 - 148 of 440

IPOs/Flotation Announcements - Friday 11 May 2007Blinkx plc - 22/05/07JPMorgan Progressive Multi-Strategy Fund - 15/05/07Powerflute Oyj (POWR) - First dayTembusu Investments Limited (TIL) - First dayTemplar Minerals Ltd (TMP) - First day

Kyoto - 12 May 2007 13:01 - 149 of 440

London has extended its lead over New York in the race to attract multibillion-dollar stock market flotations as the cost of fending off US securities lawsuits soars.

London takes big lead in the race to win flotations

Shares in Hargreaves Lansdown will be priced at the top of their range when the stockbroker begins conditional trading next Tuesday, netting its two founders 150 million between them.

Sources said that the stock was likely to be valued at 160p, the upper limit of the 140p-160p range set when the float was announced last month, after becoming many times oversubscribed.

Hargreaves founders in line for 150m in top-of-range flotation

Saga, the insurance and travel company that caters to the over-50s, is gearing up for a 2.5bn float in the autumn and intends to offer a significant portion of the equity to individual private investors.

Saga geared up for 2.5bn flotation plans

Kyoto - 13 May 2007 03:36 - 150 of 440

ULive, a company set up to commercialise research from Liverpool University laboratories, will raise 20m when it floats on the Alternative Investment Market next month. It will have an initial market value of 70m.

The company, which will begin marketing the deal this week, is the latest in a string of public listings of university technology transfer groups in the UK. Imperial Innovations, linked to London's Imperial College, floated last summer. Others include BioFusion, which has commercialisation agreements with Sheffield and Cardiff universities, and IP Group, which has links with Oxford and others.

ULive aims to float to success on back of university research

Potential investors in one of the -largest flotations to come to the London Stock Exchange have started to raise concerns about conflicts of interest in the new company's complex management structure.

The presence of Richard Balfour-Lynn, the property entrepreneur, and Sir David Michels, the former chief executive of the Hilton Group, on the boards of five companies involved in the 2bn flotation of hotel company Vector Hospitality has emerged as the chief cause for concern among investors who have contacted The Sunday Telegraph. An internal research note produced by one of the advisers to the flotation, Goldman Sachs, also highlights the potential problem.

Property tycoon courts controversy with float

THE online price-comparison group Moneysupermarket is negotiating a deal that could pave the way for a 1 billion flotation of the business.

The company is in talks with a number of banks about raising more than 150m to buy out one of the companys joint founders seen as essential if the business is to seek a stock-market listing.

Website to buy out silent founder

Kyoto - 14 May 2007 07:23 - 151 of 440

Diamondtech, which has developed laser technology that can find diamonds from among tonnes of gravel, will float on Aim tomorrow with a value of 22m.

The South African-based company has raised 4.25m, which will be used to manufacture the laser diamond recovery units.

Diamondtech float will fund laser detectors

When MAXjet and Eos started shuttling well-heeled passengers between Stansted and New York in 2005, many observers were convinced that the brave experiment was doomed to failure.

MAXjet is going to the Alternative Investment Market to raise more cash, while Eos, said to be the most generously funded start-up in US aviation history, pumped another $75m (37.74m) into the business last year.

How minnows defied the sceptics

A 157-year-old Liverpool brewer owned by two second-generation Indian brothers is to join the stock market through a reverse takeover of Honeycombe Leisure, the AIM-listed pub operator.

Robert Cain & Co, which was rescued from collapse five years ago by the Dusanj brothers, will announce this week that it is being subsumed by Honeycombe in a deal that values the enlarged company at about 37 million, including debt and loan stock.

Liverpool brewer heads for stock market

The well-received stock market debut last week of Interactive Brokers, the US broker-trader, offered further proof that a so-called Dutch auction can be a viable alternative to the traditional float managed and controlled by Wall Street.

Dutch auctions prove viable alternative to IPOs

Kyoto - 15 May 2007 01:54 - 152 of 440

IPOs/Flotation Announcements - Monday 14 May 2007Pentadyne Power - 24-05-07

Kyoto - 16 May 2007 03:56 - 153 of 440

IPOs/Flotation Announcements - Tuesday 15 May 20073i Quoted Private Equity - Intention to floatCBaySystems Hold - 30/05/07China Central Properties - Intention to floatChina Central Properties - 13/06/07DiamondTech Inc. (DTEC) - First dayCains Beer Company (Honeycombe Leisure) - 08/06/07Itacare Capital Investments - 30/05/07JPMorgan Progressive (PMSF) - First dayTyraTech, Inc - 31/05/07

Kyoto - 16 May 2007 06:18 - 154 of 440

The quoted private equity group headed by the former ITV chairman Sir Peter Burt is to consider a fast-track flotation of a controversial media company fined last year for carrying "abhorrent" pornographic content.

Promethean Investments is expected to announce today that it is acquiring 4D Telecom in a deal valuing the business at 22m.

The private equity group is backing 4D Telecom's chief executive, David Lee, in a management buyout that will see the company renamed InterMediaActive.

Promethean in deal to buy porn-fine firm

Hargreaves Lansdown shares jumped more than 30pc - up 49 to 209p - on the financial services company's first day of trading, valuing it at just under 1bn.

Hargreaves Lansdown shares up 30pc on first day

The lines between public stock markets and private equity were blurred further as 3i, the listed private equity group, announced plans to float its newly-created fund for buying big stakes in other listed companies.

The initial public offering, due to be placed by June, aims to raise at least 400m, with 3i providing 45 per cent. 3i said the floated fund would raise as much again from debt on its own balance sheet to boost its spending firepower.

The listed vehicle would be the biggest of its type in Europe. Bruce Carnegie-Brown, managing partner of 3i Quoted Private Equity (QPE), said the fund was designed to expand private equity's reach on public markets.

3i plans to float stake-building fund

Vincent Lo, one of the best-known tycoons in Asian real estate, has chosen Londons junior Aim market to list China Central Properties, his fund that targets distressed assets across China.

The entrepreneur, chairman of CCP, is also the chairman of Hong Kong-based Shui On Construction and Materials. Socam is the lead investor in five property projects in Beijing, Dalian, Qingdao and Chengdu, thought to be worth about 150m ($298m), which will be used as seed assets for the new fund.

CCP aims to mop up some of the vast number of unfinished office and residential blocks, a common sight in Chinas cities, which have been abandoned by developers gone bankrupt. As the Chinese economy surged in the mid-1990s, companies of all kinds had invested in real estate, but in many cases were forced to abandon projects when the Chinese government clamped down on over-investment in the sector through administrative measures and more recently, by raising interest rates.

Vincent Lo to float Chinese fund on Aim

Kyoto - 17 May 2007 02:24 - 155 of 440

IPOs/Flotation Announcements - Wednesday 16 May 2007 Blinkx plc 22/05/07ICB Financial Group Holdings A (ICB) - First dayRoxi Petroleum - 22/05/07

Kyoto - 18 May 2007 01:21 - 156 of 440

IPOs/Flotation Announcements - Thursday 17 May 2007Dragon-Ukrainian Properties & Development - 01/07/06Hilton Food Grp Plc (HFG) - First dayPlantic Tech -23/05/07Vectrix Corp - 24/05/07

Kyoto - 18 May 2007 03:01 - 157 of 440

One of Englands largest regional law firms is weighing up plans for an eventual stock market listing of part of its business, just as Australia prepares to welcome the worlds first flotation of an entire law firm.

On Monday Slater & Gordon, a firm of Australian litigators, will make legal history as it becomes a publicly traded company and seeks to raise over A$35 million (14 million) on the Australian Stock Exchange.

Dickinson Dees, the Newcastle law firm, is poised to spin off its so-called volume banking advisory business in readiness for new rules that will allow it to list the company on the stock market.

Regional law firm prepares itself for stock market listing

Kyoto - 19 May 2007 02:00 - 158 of 440

IPOs/Flotation Announcements - Friday 18 May 2007Modern Water plc - Early JuneThe Capital Pub Company - 04/06/07

Kyoto - 21 May 2007 07:55 - 159 of 440

ICB Financial Group Holdings began trading on the junior market last Thursday, and although its life as a publicly quoted company began with little fanfare it is worth a second look.

That is not to say that ICB is not a good business - its growth rate suggests that it is. But it looks like the listing is a vanity project for Mr Zainuddin, and with only one market maker in the stock, Winterflood Securities, anyone brave enough to have a punt on the companies shares is at the mercy of an uncompetitive market, never mind the whims of the majority shareholder. It is hard to see how this type of listing does anything other than damage Aim's already under-fire credibility.

Enigmatic ICB listing is worth a second look

Kyoto - 22 May 2007 01:43 - 160 of 440

IPOs/Flotation Announcements - Monday 21 May 2007Pressure Technologies - 06/06/07

Kyoto - 23 May 2007 01:21 - 161 of 440

IPOs/Flotation Announcements - Tuesday 22 May 2007Blinkx Plc (BLNX) - First dayFerrexpo PLC - Intention to floatRoxi Petroleum Plc (RXP) - First day

Kyoto - 24 May 2007 01:33 - 162 of 440

IPOs/Flotation Announcements - Wednesday 23 May 2007Servoca (Multi Group plc) - 08/06/07Plantic Technologies (PLNT) - First day

Kyoto - 24 May 2007 06:58 - 163 of 440

Finally, there was a good start to trade on the public markets for Plantic Technologies, after a placing at 64p per share that raised 20m of new capital. The company turns corn into plastic that is then decomposable in hot water, and the placing was thought to have attracted the interest of a handful of big institutions. The shares closed at 82p, giving new investors a tasty 28.1 per cent premium.

Independent - Market Report

Kyoto - 24 May 2007 07:32 - 164 of 440

A share in Iraqi oil becomes available today on the London Stock Exchange with the listing of Addax Petroleum, a Canadian explorer with a stake in a Kurdish oilfield in northern Iraq with more than one billion barrels of reserves.

Listed in Toronto, Addax is valued at about 2.9 billion. It has assets in Nigeria and Gabon and produces 116,000 barrels a day. The company has enough cash to pay its way, Mr Gandur said, and is not seeking to raise funds in London.

Canadian oil explorer drilling in Iraq to list in London

Kyoto - 25 May 2007 01:03 - 165 of 440

IPOs/Flotation Announcements - Thursday 24 May 2007Itacare Capital -30/05/07

Kyoto - 25 May 2007 10:53 - 166 of 440

One of the oldest independent British dotcom companies, Cheapflights.co.uk, has appointed LongAcre Partners to advise on its strategic options, raising the possibility that the 11-year-old company will float or put itself up for sale.

The price comparison site, run by former City banker David Soskin, has been profitable since its launch and industry analysts reckon it could fetch a price tag in excess of 300m.

Cheapflights considers flotation

Kyoto - 26 May 2007 02:07 - 167 of 440

IPOs/Flotation Announcements - Friday 25 May 2007China Central Properties - 13/06/07Dragon Ukrainian Properties & Development - 01/06/2007TyraTech Inc. - 01/06/07Vestpa Plc -12/06/07Vicorp Group plc - 12/06/07

Kyoto - 27 May 2007 03:36 - 168 of 440

MINING giant Anglo American is close to unveiling details of the demerger of Mondi, its paper and packaging arm, which will result in 70% of the business being listed in London and the rest in Johannesburg

London to get 70% share of Mondi flotation

Kyoto - 29 May 2007 07:40 - 169 of 440

The company responsible for making sure that money is not wasted on the BBC’s £800 million redevelopment of Broadcasting House is drawing up plans for a flotation on London’s junior stock market.

Cyril Sweett, a London-based quantity surveyor and project manager, is understood to be preparing to join the Alternative Investment Market, with a listing tipped for the autumn. The move is thought to represent the first time that a quantity surveyor has undergone a full flotation.

Quantity surveyor Cyril Sweett plans for flotation on AIM

Kyoto - 29 May 2007 09:09 - 170 of 440

A maker of fuel cell systems is to float in London with a valuation of between £80m and £100m.

US-based IdaTech produces back-up and portable power systems mainly used by the telecommunications market. It is developing new technology for the consumer and industrial markets.

US-based Idatech set for London float

Kyoto - 30 May 2007 00:46 - 171 of 440

IPOs/Flotation Announcements - Tuesday 29 May 2007EAG plc - Intention to floatIdatech LLC - Intention to floatPressure Technologies - 06/06/07

Kyoto - 31 May 2007 02:20 - 172 of 440

IPOs/Flotation Announcements - Wednesday 30 May 2007Advance Frontier Markets Fund - Mid-JuneEuroTrust A/S (EURO) - Admission to AIMEuropean Convergence Development Company - Intention to floatGenesis Worldwide Inc - Mid-JuneItacare Cap Investmt (ITA) - First dayMAXjet Airways - Mid-JuneTalvivaara Mining Co (TALV) - Offer priceWestminster Group plc - 14/06/07

Kyoto - 31 May 2007 07:20 - 173 of 440

A company set up with the aim of replacing the jobs of hundreds of former Newcastle miners is on the verge of a 450m stock market flotation that will hand its employees an average 140,000 payout each.

The Daily Telegraph has learnt that green support services company Eaga is imminently set to float on the official list of the London Stock Exchange.

The listing, which could be announced as early as today, will hand each of the company's 3,000 employees a significant chunk of cash and shares in the business, which is 100pc-owned by an employee benefit trust (EBT).

Ex-miners strike a rich seam of cash from 450m flotation

Kyoto - 01 Jun 2007 02:33 - 174 of 440

IPOs/Flotation Announcements - Thursday 31 May 2007Discovery Metals - 29/06/07Queenco Leisure Intl - Intention to floatThe Indian Film Company - End of JuneTsar Emerald - 19/06/07

Kyoto - 02 Jun 2007 02:33 - 175 of 440

IPOs/Flotation Announcements - Friday 1 June 2007All Leisure Holidays - Intention to floatDragon-Ukrainian (DUPD) - First dayGulf Finance House - Intention to floatThe Capital Pub Titanium Asset Management - Mid-JuneTyraTech, Inc. (TYR) - First day

Kyoto - 03 Jun 2007 16:53 - 176 of 440

ONE of Britains largest renewable-energy companies is drawing up plans for a 1.2 billion flotation.

Infinis, which is owned by Terra Firma, the private-equity house currently bidding for the EMI music group, has hired Deutsche Bank and Merrill Lynch, to work on the share offering. The float is expected to take place this autumn.

Infinis specialises in taking waste from landfill sites and converting it into electricity that is fed into the national grid. It has 82 such sites around the UK, with a further 20 outsourced to third parties, making it the countrys market leader for pure renewable energy, with an 11% share.

Hands plans 1.2bn listing

THE Russian aluminium giant Rusal will kickstart the biggest float of the year in London this week when it opens a roadshow for top investors ahead of a listing expected to value it at about $30 billion (15 billion).

15bn float for Russian metal giant

Major property investors on both sides of the Atlantic are set to shun the flotation of Vector Hospitality, the biggest property flotation yet attempted on the London Stock Exchange.

Cohen & Steers, the largest specialist property investor in the world, and one of its biggest European rivals, Henderson Global Investors, have both indicated they will not buy into the 2bn hotel property flotation because of concerns about investment returns and the management structure.

Investors turn their backs on Vector flotation

Kyoto - 04 Jun 2007 11:05 - 177 of 440

The medical imaging software company Medicsight, whose products are at the forefront of the fight against lung and colon cancer, plans to raise 30m when it floats on the London Stock Exchange in June.

Medicsight eyes 30m London IPO

Kyoto - 05 Jun 2007 01:23 - 178 of 440

IPOs/Flotation Announcements - Monday 4 June 2007Capital Pub Company (CPUB) - First dayHDG Mansur Investment Services - Intention to floatHenderson Diversified Income - Intention to floatMedicsight plc -21/06/07Norcros (Holdings) - Intention to float

Kyoto - 05 Jun 2007 02:11 - 179 of 440

The number of US companies quoted on the Alternative Investment Market (Aim) could double to 130 in the next couple of years.

Informed sources said a large number of businesses had contacted the London Stock Exchange about a listing in the UK, in a move that would further provoke the wrath of US critics.

US listings expected to double

Kyoto - 06 Jun 2007 02:51 - 180 of 440

The 1bn flotation of Moneysupermarket.com, Europe's largest online price comparison website, appears to be moving closer after the company hired another investment bank to prepare the business for a stock market listing.

Price site float is a step nearer

Vector, the UK's first hotels real estate investment trust, has slashed the price of its initial public offering and extended the deadline for investors, in a further sign that the commercial property market is slowing and of nervousness about equities.

Vector float at risk after price slashed

Kyoto - 07 Jun 2007 06:15 - 181 of 440

IPOs/Flotation Announcements - Wednesday 6 June 2007Burani Designer Holding - 20/06/07China Medical 21/06/07Globus Maritime - First dayNorthwest Biotherapeutics/a> - 21/06/07 PressureTechnologies (PRES) - First DayStratic Energy Corporation - 21/06/07

Kyoto - 07 Jun 2007 06:41 - 182 of 440

The planned flotation of the UK's first hotel real estate investment trust, Vector, was postponed yesterday amid weak investor demand and with no indication when or if the 1.8bn deal would ever go ahead.

Vector float pulled amid weak demand

Britains commercial property market was dealt a body blow yesterday as the 2 billion flotation of Vector Hospitality was pulled at the eleventh hour.

Fears for property prices after 2bn Vector float sinks

Lonrho is to double the size of a planned Zimbabwe investment fund to meet strong demand from around the world, according to chairman David Lenigas. LonZim is now looking to raise 100m, twice the 50m it indicated earlier this week.

Lonrho to gamble 100m in Zimbabwe fund

Kyoto - 08 Jun 2007 02:49 - 183 of 440

IPOs/Flotation Announcements - Thursday 7 June 2007Eaga plc (EAGA) - First dayServoca plc (Multi Group) 08-06-07

Kyoto - 08 Jun 2007 07:04 - 184 of 440

Europe's largest online price comparison website, Moneysupermarket.com, paved the way for a 1bn flotation after buying out co-founder Duncan Cameron.

Simon Nixon, who founded the company with Mr Cameron, yesterday regained control of the business by buying most of Mr Cameron's 47pc stake for 162m.

Moneysupermarket buys out its founding partner

Merlin Entertainment Group, the owner of Madame Tussauds and the London Eye, is to examine a stock market flotation that could propel it into the FTSE 100 as soon as next year.

Merlin has FTSE 100 in sights with float plan

Monitise seeks AIM admission

Kyoto - 09 Jun 2007 01:46 - 185 of 440

IPOs/Flotation Announcements - Friday 8 June 2007AOI Medical Inc. - Late JuneChina Central Properties - 13/06/07UTV Motion Pictures - Late JuneWestminster Grp - 21/06/07

Kyoto - 12 Jun 2007 02:55 - 186 of 440

IPOs/Flotation Announcements - Monday 11 June 2007AOI Medical, Inc. - Intention to floatEAG Limited - 26/06/07Modern Water plc - 12/06/07The Indian Film -18/06/07Vicorp plc - 21/06/07

Kyoto - 13 Jun 2007 02:25 - 187 of 440

IPOs/Flotation Announcements - Tuesday 12 June 2007Advance Frontier Markets Fund - Mid JuneChina Central Properties - 13/06/07IdaTech PLC - 27-06-07JSM Indochina - Intention to floatMAXjet Airways 14/06/07Modern Water (MWG) - First dayThe Indian Film Company - 18/06/07Vestpa PLC (VES) - First day

Kyoto - 14 Jun 2007 02:19 - 188 of 440

IPOs/Flotation Announcements - Wednesday 13 June 2007BlueStar SecuTech - 18/06/07CBaySystems Hold - 18/06/07Discover Leisure plc - 03/07/07JSM Indochina Ltd - 28/06/07Leaf Clean Energy - 28/06/07PXP Qudos Vietnam Property Fund - 28/06/07Tsar Emerald Corporation - 21/06/07

Kyoto - 14 Jun 2007 02:40 - 189 of 440

Codemasters, the computer games developer behind the Colin McRae rally series, is preparing for a 200 million-plus flotation in the next year, after its principal investor completed the buyout of the brothers who founded the firm.

Founders sell as Codemasters is driven towards a flotation

Kyoto - 15 Jun 2007 01:25 - 190 of 440

IPOs/Flotation Announcements - Thursday 14 June 2007BlueStar SecuTech - 18/06/07Monitise plc - 28/06/07SDI Group plc - 29/06/07

Kyoto - 16 Jun 2007 02:09 - 191 of 440

Finally, investors will be on the lookout for two new placings due to start trading on AIM on Monday. The Indian Film Company has raised 55m of new capital at 100p. Cbay Systems, a provider of business outsourcing services to the US healthcare industry, also lists on Monday following a placing to raise 12.7m. The shares were placed at 55p each, valuing the company at 57.9m. Demand was thought to have been good and both stocks should open at a decent premium.

Independent - Market Report

Kyoto - 16 Jun 2007 03:40 - 192 of 440

IPOs/Flotation Announcements - Friday 15 June 2007Advance Frontier Mrk (AFMF) - First dayEquidebt - 29/06/07First Communications - 02/07/07GlobeOp Financial Services - Intention to floatLudgate Environmental - Late June/Early JulyMadara Bulgarian - 18/06/07Monitise plc - 28/06/07Tsar Emerald Corp - Late June

Kyoto - 17 Jun 2007 03:37 - 193 of 440

BLUEHONE INVESTORS is to float a 50m investment vehicle on the London Stock Exchange aimed at shaking up underperforming firms trading on the Alternative Investment Market.

Bluehone is offering to take over unwanted shareholdings in AIM companies held by investors in return for shares in the new Guernsey-based investment company, Bluehone Value Fund.

Blitz on orphan stocks

Kyoto - 19 Jun 2007 02:32 - 194 of 440

IPOs/Flotation Announcements - Monday 18 June 2007Argent Energy plc - Intention to floatBlueStar SecuTech (BSST) - First dayCBaySystems Holdings (CBAY) - First dayDiscover Leisure - 03/07/07European Conv. Devel - First dayMadara Bulgarian Property (MBF) - First dayQueenco Leisure Intl - Offer priceSpitfire Oil Ltd - 05/07/07Titanium Asset Management - 21/06/07Vicorp Group plc - 21/06/07

Kyoto - 19 Jun 2007 06:28 - 195 of 440

A FORMER head of the UK Atomic Energy Authority is to lead the London float of a Chinese solar-power company.

Dipesh Shah, who was chief executive of the UKAEA and chairman of Viridian Group, has been appointed executive chairman of Jetion Holdings, a leading Chinese manufacturer of solar cells. The company has a factory north of Shanghai.Shah said Jetion planned to raise about $75m (38m) from the AIM listing, a deal that would value the company at $220m.

About one-third of the shares would be in free float. However, Shah said a majority stake would continue to be held by the Chinese family investor that first backed the group.

Chinese solar-power float

Kyoto - 19 Jun 2007 06:30 - 196 of 440

The rush of overseas companies coming to Aim, the junior stock market, has had a general detrimental effect, according to investors polled in a survey that marks Aim's 12th anniversary on Tuesday.

Survey threatens to spoil Aim's 12th birthday party

Kyoto - 20 Jun 2007 01:29 - 197 of 440

IPOs/Flotation Announcements - Tuesday 19 June 2007China Medical Systems Holding - 26/06/07First Communications - 02/07/07Ludgate Environ Mount Engineering plc - Early JulyNorthwest Biotherapeutics - 22/06/07Silanis International - 26/06/07Vietnam Infrastructure Fund - Early July

Kyoto - 21 Jun 2007 02:55 - 198 of 440

IPOs/Flotation Announcements - Wednesday 20 June 2007Burani Designer Hldg (BRDH) - First dayDhir India Investments -04/07/07Medicsight PLC - 21/06/07

Kyoto - 21 Jun 2007 02:56 - 199 of 440

Kyoto - 22 Jun 2007 03:55 - 200 of 440

IPOs/Flotation Announcements - Thursday 21 June 2007Cardsave plc - 06/07/07China Medical Sys. - 26/07/07European Conv. Devel (ECDC)Medicsight Plc (MDST) - First dayPedagog PLC - Intention to floatTitanium Asset Man (TAM) - First dayVicorp Group PLC (VICP) - First dayWestminster Group (WSG) - First day

Kyoto - 22 Jun 2007 03:55 - 201 of 440

IPOs/Flotation Announcements - Thursday 21 June 2007Cardsave plc - 06/07/07China Medical Sys. - 26/07/07European Conv. Devel (ECDC)Medicsight Plc (MDST) - First dayPedagog PLC - Intention to floatTitanium Asset Man (TAM) - First dayVicorp Group PLC (VICP) - First dayWestminster Group (WSG) - First day

Kyoto - 23 Jun 2007 01:00 - 202 of 440

IPOs/Flotation Announcements - Friday 22 June 2007JSM Indochina - Schedule 1 UpdateJSM Indochina Ltd - Admission to AIMJetion Holdings - 06-07-07Northwest Bio. (NWBS) - First dayPalladex plc (Minerva Resources) - 10/07/07

Kyoto - 26 Jun 2007 04:13 - 203 of 440

IPOs/Flotation Announcements - Monday 25 June 2007Base Group plc (Shieldtech) - 16/07/07China Real Est Opp - Intention to float

Kyoto - 27 Jun 2007 06:18 - 204 of 440

IPOs/Flotation Announcements - Tuesday 26 June 2007CapRegen plc - Mid-JulyChina Medical Sys. (CMSH) - First dayChina Real Estate Opp - Early/Mid-JulySilanis Intl Ltd (SNS) - First dayUTV Motion Pictures - 02/07/07

Kyoto - 27 Jun 2007 14:52 - 205 of 440

The new Irish owners of Londons Battersea Power station are raising 260 million from institutions to build what promises to be the largest offices-to-shopping mall development firm in China.

China State Real Estate Opportunities (CREO), a subsidiary of Battersea Power station owners Treasury Holdings, told the London stock exchange today that it is to float on the AIM market by July 10 with a 420 million market value.

Battersea power station developers raising 260m for Chinese deals

Kyoto - 28 Jun 2007 02:01 - 206 of 440

IPOs/Flotation Announcements - Wednesday 27 June 2007Asia Environmental - Mid-JulyTVC Holdings PLC - 11/07/07

Kyoto - 29 Jun 2007 09:12 - 207 of 440

IPOs/Flotation Announcements - Thursday 28 June 2007Cobra Holdings - 05/07/07Energybuild Group - 13/07/07Freshwater UK plc - 19/07/07Leaf Clean Energy Co (LEAF) - 28/06/07MobilityOne Limited 05/07/07PME African Infrastructure - 12/07/07SDI Group plc - 02/07/07Tsar Emerald Co - Mid-JulyTVC Holdings PLC - Intention to list

Kyoto - 30 Jun 2007 05:17 - 208 of 440

IPOs/Flotation Announcements - Friday 29 June 2007Maple Energy PLC - 13/07/07MobilityOne - 05/07/07Moneysupermarket.com - Intention to float

Kyoto - 01 Jul 2007 03:09 - 209 of 440

ONE of Russias richest billionaires is plotting to bring a new property company to London in a multi-billion-pound full market listing.

Chalva Tchigirinsky, the oligarch who built Russias first private building after the collapse of communism, is talking to bankers about floating KTT, his company that holds an estimated $10 billion (5 billion) worth of property assets.

Billionaire Russian eyes City listing

SIX banks have been been lined up to advise on the 15 billion flotation of Rusal, the Russian aluminium giant.

The flotation will result in one of the biggest fees ever paid to bring a company to market. The banks are JP Morgan, Goldman Sachs, Morgan Stanley, Credit Suisse, UBS and Deutsche Bank.

The management of Rusal has been on an investor roadshow in America to drum up interest ahead of a float that could come later this year.

However, some advisers recommend that Rusal should ditch plans for a full listing and opt for a less onerous global depository receipt (GDR). This requires far lower levels of disclosure.

Six banks line up for Rusal flotation

Kyoto - 03 Jul 2007 00:34 - 210 of 440

IPOs/Flotation Announcements - Monday 2 July 2007IMSG (Jersey) - 18/07/07JSM Indochina Ltd (JSM) - First dayPark Plaza Hotels - Mid-JulyVietnam Infrastructure -05/07/07

Kyoto - 04 Jul 2007 01:02 - 211 of 440

IPOs/Flotation Announcements - Tuesday 3 July 2007China Real Estate Opportunities - Early/Mid-JulyIndia Hospitality Corp - 18/07/07Jetion Holdings - 06/07/07Petsome plc (Mobile Doctors Group) - 18/07/07Plant Offshore - 09/07/07Queenco Leisure Intl (QLI) - 09/07/07Vimetco Management - Intention to float

Kyoto - 05 Jul 2007 04:13 - 212 of 440

IPOs/Flotation Announcements - Wednesday 4 July 2007Jetion Holdings - 06/07/07Mathon Capital - Mid/End-JulySpitfire Oil Ltd - Mid-July

Kyoto - 05 Jul 2007 04:15 - 213 of 440

The 52 million flotation in London of a private equity-backed financial services group was pulled last night after a collapsed American hedge fund took legal action, blaming the firm for its spectacular downfall.

GlobeOp Financial Services, which is part-owned by the Boston private equity house TA Associates, said that it was no longer in a position to proceed with the sale of shares for its planned main market flotation.

Finance group scraps float after legal action by collapsed US hedge fund

Kyoto - 06 Jul 2007 04:31 - 214 of 440

IPOs/Flotation Announcements - Thursday 5 July 2007Cobra Holdings PLC (CBRA) - First dayLHP Investments - 20/07/07MobilityOne Limited (MBO) - First dayTVC Holdings plc - 11/07/07

Kyoto - 07 Jul 2007 01:52 - 215 of 440

IPOs/Flotation Announcements - Friday 6 July 2007Dhir India Investments - 12/07/07Jetion Holdings Ltd (JHL) - First dayMarwyn Value Investors - 23/07/07Mount Engineering (MOU) - First day

Kyoto - 08 Jul 2007 08:48 - 216 of 440

EUROPEs biggest price-comparison site, Moneysupermarket.com, could be worth as much as 1.3 billion when it floats on the stock market at the end of this month in the biggest share offer to retail investors in seven years.

According to research seen by The Sunday Times and undertaken by Credit Suisse, the investment bank leading the float, the firm is valued at between 950m and 1.3 billion after plans to raise 180m in new money are taken into account.

Website valued at 1.3bn

Kyoto - 10 Jul 2007 00:07 - 217 of 440

IPOs/Flotation Announcements - Monday 9 July 2007China Real Estate - 11/07/07Maple Energy plc - 13/07/07Plant Offshore Group (POGL) - First day

Kyoto - 11 Jul 2007 01:36 - 218 of 440

IPOs/Flotation Announcements - Tuesday 10 July 2007Et-china.com International - 24/07/07Minerva Resources (MVA) - First day

Kyoto - 12 Jul 2007 02:33 - 219 of 440

IPOs/Flotation Announcements - Wednesday 11 July 2007China Real Est Opportunities (CREO) - First dayFreshwater UK - 16/07/07Pan African Resources - 31/07/07PME African Infrastructure Opportunities - 12/07/07Sepura - Intention to floatWadharma Investments (Kidara) - 06-08-07

Kyoto - 12 Jul 2007 03:58 - 220 of 440

The London Stock Exchange (LSE) is holding talks with counterparts in Vietnamese cities Hanoi and Ho Chi Minh City about an agreement to enable London to compete for the listings of Vietnam's biggest government-owned companies.

LSE wants Vietnam alliance

Kyoto - 12 Jul 2007 07:05 - 221 of 440

SHARES in a Stirling-based insulation manufacturer were due to start trading on the London Stock Exchange today, marking the biggest Scottish flotation since Standard Life last July.

Superglass, which was founded 20 years ago and is now the UK's second-largest supplier of glass-wool insulation products, will have a market value of about £105 million.

Superglass is latest Scots float

First day dealings

Kyoto - 12 Jul 2007 07:30 - 222 of 440

TREASURY Holdings-backed China Real Estate Opportunities (CREO) turned in a mixed performance as it refloated yesterday on London's Alternative Investment Market.

CREO has mixed day as it refloats on London's AIM

Price comparison group Moneysupermarket.com has set a lower-than-expected pricing range for its planned London float, increasing speculation that chief executive Simon Nixon wants to price the issue to go.

The web-based group has set a 170p-210p range for its shares, valuing the group at between £864m and £1.05bn, after raising a proposed £180m of new money. This is below the £950m-£1.3bn valuation suggested by analysts at Credit Suisse, the bookrunner for the offer.

Moneysupermarket in low float price surprise

A key player in Rusal's preparations for an expected stock market listing in London has quit the Russian mining giant.

Flotation lawyer leaves Rusal

Kyoto - 16 Jul 2007 10:05 - 223 of 440

Indian oil explorer Jubilant Energy is preparing to float on the London Stock Exchange in what promises to be the largest new Indian listing since mining giant Vedanta came to the market in December 2003.

Indian oil and gas giant explores $1.5bn listing on London market

An internet start-up backed by Sir Richard Branson, that promises to transform the global computer games industry, is set to list in London with a 1bn (670m) valuation.

Game Domain International, a start-up based in Germany, has created an online virtual world, similar to Second Life, that also allows subscribers to download the latest computer games.

Second Life rival seeks 1bn UK listing

Chris Gorman, the serial entrepreneur who came to the fore during a riotous court case after the collapse of the Gadget Shop, is hoping to reinvent himself with his own version of online phenomenon Second Life.

Mr Gorman is operations director and 5pc owner of start-up company Game Domain International (GDI), which despite not yet generating any revenue is hoping to float in London and Frankfurt early next year for an eye-watering 1bn (680m).

GDI float 'signals dotcom mania'

A service delivering adverts on banks' ATMs, i-design, plans to raise 3.5m and float on Aim this Friday, valuing the business at 9.5m.

Aim float to value i-design at 9.5m

Kyoto - 19 Jul 2007 02:14 - 224 of 440

IPOs/Flotation Announcements - Wednesday 18 July 2007i-design group - 20/07/07India Hospitality - 20/07/07Marwyn Value Investors - 23/07/07Mobile Doctors Group (MDG) - First dayOakley Capital Investments - Early AugustRapid Realisations Fund - 02/07/07Worldspreads Group - 01/08/07

Kyoto - 20 Jul 2007 02:33 - 225 of 440

IPOs/Flotation Announcements - Thursday 19 July 2007Africa Opportunity Fund - 24/07/07Ludgate Environmental - 02/08/07Nordic Land Ltd - 03/08/07

Kyoto - 20 Jul 2007 02:46 - 226 of 440

Website? Check. High-profile retail float? Check. Propensity for shares to be over-subscribed? Check. Questor surely cannot be alone in thinking he is stuck in a dotcom version of Life on Mars?

The share offering for price comparison site Moneysupermarket.com (MSC) has all the hallmarks of the barrage of internet floats that rode the crest of the dotcom wave in the late 1990s. Founder and chief executive Simon Nixon would argue his site is different from the likes of lastminute.com and its ilk because it is making real money, with a profit of 11.7m last year.

Don't get caught in this website's trap

Kyoto - 24 Jul 2007 04:38 - 227 of 440

IPOs/Flotation Announcements - Monday 23 July 2007CapRegen Plc - 24/07/07IdaTech plc - 06/08/07In House Group plc - 06/08/07India Hosp. Corp - 24/07/07Nordic Land Ltd 03/08/03Nviro Cleantech - 06/08/03

Kyoto - 26 Jul 2007 03:50 - 228 of 440

IPOs/Flotation Announcements - Tuesday 24 July 2007Capregen PLC (CGN) - First dayNordic Land Ltd - 03/08/07Nordic Land - 03/08/07

Kyoto - 26 Jul 2007 03:55 - 229 of 440

IPOs/Flotation Announcements - Wednesday 25 July 2007American Leisure Grp. - Early AugustConnemara Mining - 31/07/07Epicure Qatar Equity - 31/07/07Et.China.com - 31/07/07

Kyoto - 28 Jul 2007 03:16 - 230 of 440

Door shut on IPOs after the summer sell-off

Kyoto - 28 Jul 2007 03:52 - 231 of 440

IPOs/Flotation Announcements - Friday 27 July 2007Hollywood Media 10/08/07Nviro Cleantech - 06/08/07

Kyoto - 30 Jul 2007 06:00 - 232 of 440

Knives sharpened for UK foreign listings review

Kyoto - 01 Aug 2007 02:41 - 233 of 440

IPOs/Flotation Announcements - Monday 30 July 2007Lewis Charles Romania Property Fund - 02/08/07Oakley Capital - 03/08/07

Kyoto - 01 Aug 2007 04:41 - 234 of 440

IPOs/Flotation Announcements - Tuesday 31 July 2007Connemara Mining Co (CON) - First dayEpicure Qatar Equity (EQEO) - First dayEt-china.com - 03/08/07Sepura PLC (SEPU) - Offer price

HARRYCAT - 19 Mar 2010 10:35 - 235 of 440

Floatations worth looking at as per Shares mag this week:
BELLZONE MINING - Late March - AIM - Market Value $4-6m
CSF GROUP - 22nd March - AIM - Market value 85m
EMIS GROUP - 29th March - AIM - Market Value 200m
METRIC PROPERTY - 24th March - MAIN - Market value 150m
SQUARESTONE BRASIL - 22nd March - AIM - Market value 150-250m
SUPERGROUP - 24th March - MAIN - Market value 395m
TELITI INT - H1 2010 - AIM - Market value 35-40m
AFRICAN BARRICK GOLD - NOW - MAIN - Market value $3.9bn

Juzzle - 30 Aug 2011 09:57 - 236 of 440

TAN share price up 36% last week - prompted company to put out an RNS announcement just before market close last Friday.

It is a little ambiguous. It could mean that Smith Electric Vehicles (now a US company) is raising more money from private US investors (they willingly and quickly stumped up $58m in 24 hours last March) - or it could be that Smith's long awaited floatation on the Nasdaq stockmarket is imminent - and the share price rise was due to expectation that TAN's price will jump high when that happens. Assuming TAN maintains a substantial stake in Smith (currently 32.2%). Goldman Sachs are known to have been sounding out market enthusiasm for months.

HARRYCAT - 18 Sep 2013 12:53 - 237 of 440

Royal Mail Share Offer
Royal Mail has announced its intention to float on the London Stock Exchange.

Royal Mail has not yet confirmed the date the Initial Public Offering (IPO) will open, however, you can read the Intention to Float and Group factsheet for more details. More information about Royal Mail and the Offer will be made available when the Prospectus is published.

HARRYCAT - 21 Oct 2013 11:52 - 238 of 440

Merlin Entertainments plc ("Merlin" or the "Company"), a global leader in branded, location-based family entertainment, today announces its intention to proceed with an initial public offering (the "IPO" or the "Global Offer"). Merlin intends to apply for admission of its ordinary shares ("Shares") to the premium segment of the Official List of the UK Listing Authority and to trading on the main market of the London Stock Exchange (together, "Admission").

Merlin operates 99 attractions in 22 countries which attracted more than 54 million visitors in 2012, generating total revenue of £1,074.3 million and underlying EBITDA of £346.0 million. It is Europe's leading visitor attraction operator and the second largest globally after Walt Disney.

Merlin's leading position has been built through a combination of organic investment and strategic acquisitions. The Directors of Merlin believe that the Global Offer will position Merlin for the next stage of its development by providing the appropriate long-term ownership structure. The Global Offer will also assist the Group in retaining and incentivising employees.

dreamcatcher - 26 Oct 2013 17:11 - 239 of 440

INVESTMENT EXTRA: Investors see magic in Madame Tussauds owner Merlin as it prepares for £3bn London listing

http://www.dailymail.co.uk/money/investing/article-2476989/INVESTMENT-EXTRA-Investors-magic-Merlin.html

HARRYCAT - 02 Nov 2013 10:23 - 240 of 440

Merlin to float at offer range between 280-330p. Just to sweeten the deal, they have offered investors who buy more than £1000 of shares, 30% discount at their attractions, such as Alton Towers.

Saga & House of Fraser propose to float in early 2014.

dreamcatcher - 03 Nov 2013 17:02 - 241 of 440

Sharecast- Poundland has started preparations for a stock market listing that will value the company at more than £700m, the Sunday Times said. The economy retailer has hired Rothschild to advise it on the flotation and its ambitions to double to 1,000 shops. It is getting ready for an initial public offering early in 2014.

Stan - 03 Nov 2013 17:05 - 242 of 440

What's the float price? not a quid by any chance is it?

dreamcatcher - 03 Nov 2013 17:07 - 243 of 440

99p lol

dreamcatcher - 03 Nov 2013 17:07 - 244 of 440

Well in excess of a pound. :-))

dreamcatcher - 04 Nov 2013 20:07 - 245 of 440

Merlin Entertainments brings forward deadlines to participate in IPO

Mon, 04 November 2013

Ahead of its upcoming initial public offering (IPO), Merlin Entertainments has revised the deadlines for institutional investors to express their interest in the bookbuilding process and for the receipt of completed applications from retail investors by approved intermediaries.

The deadlines for both have now been set at 17:00 on November 7th 2013.

On October 30th the company had said that the institutional offer bookbuilding process was expected to close at 17:00 on November 11th 2013.

The last date for the receipt of applications by Intermediaries had been set at 17:00 on November 8th.

The company continues to envisage that around 85-90% of the global offer will be allocated to institutional investors through the institutional offer.

dreamcatcher - 04 Nov 2013 20:08 - 246 of 440

Twitter raises the projected price range for its IPO

Mon, 04 November 2013

Social media firm Twitter has raised the projected price range for shares at its initial public offering by as much 25 per cent, putting it on track to raise 1.75bn dollars.

The micro-blogging site is now to offer 70m shares at an individual price of between $23 to $25, the firm said in a regulatory filing.

That would indicate a market value of as much as $13.6bn when the stock begins trading.

Twitter had earlier proposed selling shares for $17 to $20 each.

Martini - 06 Nov 2013 18:13 - 247 of 440

I have applied for some Merlin. Well at least I can get to be a boy again at Alton Towers on the cheap.

Also thinking about this any thoughts?

NEW IPO Offer: Infinis Energy plc

An opportunity to buy shares in Infinis Energy, the UK's third largest renewable power generator.

Infinis Energy has announced an initial public offering (IPO) of Ordinary shares on the main market for listed securities of the London Stock Exchange. Infinis Energy is one of the UK's leading generators of renewable power. It operates a growing portfolio of landfill gas, onshore wind and hydro plants across the UK. In view of the challenging decarbonisation targets adopted by the UK government by 2020, it has a unique opportunity to play an active role in building out the UK renewable power generation capacity requirements over the coming decade.

Infinis Energy operates a portfolio of 147 renewable generation sites across the UK and is in the process of developing many more, with a particular growth focus on onshore wind and hydro schemes. In the year to 31 March 2013, Infinis Energy generated approximately 7 per cent of the UK's renewable power and was the third largest renewable generator in the UK. In the past three years Infinis Energy completed acquisitions with the total enterprise value of just under £475 million. During the year £60.6 million was paid as a dividend to the shareholder. Past performance is not a reliable indicator of future results.

dreamcatcher - 06 Nov 2013 18:53 - 248 of 440

May help Martini - Infinis IPO pricing and intermediary offer confirmed by Terra Firma

Tue, 05 November 2013

Wind power producer Infinis Energy will be valued at up to 930m pounds in its forthcoming London flotation, the company’s private equity owner Terra Firma has announced.

Shares in Infinis, the UK’s third-largest producer of renewable power, will be priced at between 260p and 310p, producing a market capitalisation of between £780m and £930m when the shares are launched onto the London Stock Exchange on November 15th.

The entire initial public offer consists of Terra Firma, the private equity company founded by Guy Hands, selling between 90m and 120m shares, or 30% and 40% of its majority stake.

As with Royal Mail's float, the company will continue the trend of offering shares to retail investors through an intermediaries offer, via stock brokers such as Hargreaves Lansdown, Halifax, Barclays, Interactive Investor and The Share Centre, with a minimum threshold for individual investors of £1,000.

Individual retail investors have until November 13th to make their orders, while institutional order books run by Barclays, Deutsche Bank and RBC Capital Markets are scheduled to close the day after.

halifax - 06 Nov 2013 19:25 - 249 of 440

is guy hands dumping his shares on pi's?

dreamcatcher - 15 Nov 2013 22:23 - 250 of 440

Ex-Asos Chairman Alli to float Indian rival Koovs on AIM

Wed, 13 November 2013

The former Chairman of online fashion sensation Asos has set out plans to float an Indian copycat online retailer on London's AIM.

Koovs has set out plans to raise £22m with its initial public offer (IPO), according to the Financial Times.

Lord Waheed Alli, the media baron who chaired Asos between 2003 and 2012, is chair of Koovs and has brought in former Asos director Robert Bready as Creative & Retail Director, who will be backed by a design and buying team based in London.

Bangalore-based Koovs was founded in 2010 as a daily deals website, but switched course to 'lifestyle e-tailing' in 2012 when a large stake was taken by Anant Nahata, scion of the family that runs India's HFCL telecoms group.

Koovs, which even has adopted a very similar website design to Asos, now focuses on affordable western fashion rather than Indian ethnic clothing, aping celebrity fashions to appeal to middle-class working men and women aged 18-30 years, exactly like the London-based company.

The owners plan to float about 35% of the company with 44% owned by the Nahata family, 11% by Lord Alli and the remainder with management.

http://sharecast.com/news/ex-asos-chairman-alli-to-float-indian-rival-koovs-on-aim/21288758.html

david lucas - 17 Nov 2013 17:03 - 251 of 440

DC
I do not think the private investor will be offered any so have to wait for first day - whenever that will be!! Could be interesting with Robert Bready on board.

dreamcatcher - 17 Nov 2013 18:14 - 252 of 440

Thanks David. Still waiting for the Rosslyn Analytics IPO. £100 million float from another big data company. Should have been at the back end of the summer,

jimmy b - 17 Nov 2013 20:25 - 253 of 440

I'll keep an eye on that too looks interesting

dreamcatcher - 17 Nov 2013 20:43 - 254 of 440

As Shares Said ' It could be a story worth backing from the off'.
Market whispers had said Rosslyn has accelerated its float plans following the stunning success of server replication expert WANdisco

david lucas - 17 Nov 2013 21:22 - 255 of 440

Keep your nose to the ground DC and thanks for the info! Very interesting...

dreamcatcher - 17 Nov 2013 21:28 - 256 of 440

Rosslyn Analytics Shortlisted for Emerging Star of the Year Award , results 20 Nov.

Just reading that as we know not all IPO's are successful - PeerTV (PTV) was the biggest disaster , down 96.8% after running into a cashflow brickwall. So you never know. :-))

Martini - 18 Nov 2013 08:42 - 257 of 440

Interesting article in the ST on SAGA and upcoming IPOs.

Bullshare - 18 Nov 2013 11:10 - 258 of 440

Martini; presume you will get some free shares having been a member of Saga for decades?

m

Martini - 18 Nov 2013 14:17 - 259 of 440

:)

skinny - 22 Nov 2013 11:29 - 260 of 440

If you click on this link to the London Stock Exchange and then on the "New Issues and IPO Summary", it will download an Excel file with all new issues - including IPOs.

dreamcatcher - 01 Dec 2013 08:54 - 261 of 440

Tritax Big Box is a new company that will help retailers in this area. Run by a highly experienced group of property specialists, its shares will float on the market on December 9 at 100p. The company can be researched in this weeks midas tip on the midas thread.

david lucas - 01 Dec 2013 11:14 - 262 of 440

Hi DC
Tritax looks interesting but will retail investors get a look in?

skinny - 01 Dec 2013 11:18 - 263 of 440

Having done some digging - it looks like its(almost) too late!

The initial offering closes on the 3rd and is for a minimum of £10k.

skinny - 01 Dec 2013 11:20 - 264 of 440

The application form is here after page 157.

david lucas - 01 Dec 2013 12:26 - 265 of 440

Thank you SK that was very kind of you. I shall apply for 5000 and see what I get.

dreamcatcher - 01 Dec 2013 18:24 - 266 of 440

Online fashion retailer Boohoo in major assault of international markets as it prepares for £500m flotation

By Neil Craven, Financial Mail On Sunday

PUBLISHED: 22:25, 30 November 2013 | UPDATED: 14:43, 1 December 2013

A major assault on international markets is being planned by internet fashion sensation Boohoo as it prepares for a £500million flotation next year.

The retailer is targeting France and Germany as it seeks to prove itself to investors as an ‘Asos mark II’.

Boohoo releases figures this week that are expected to show sales more than doubled to top £60 million in its last financial year to February.

Ambitious: Boohoo is targeting the Continent ahead of its flotation

The Manchester-based, family-backed firm, which appeals to the under-25s, is understood to be enjoying another exceptionally strong year.

It is believed that Boohoo, whose major market is still the UK, is more profitable than Asos because it mainly sells its own brands.

Read more: http://www.dailymail.co.uk

dreamcatcher - 01 Dec 2013 19:12 - 267 of 440

Boohoo.com was co-founded by chief executive Mahmud Kamani seven years ago. It has become the second-biggest pure-play business – a company based entirely online with no retail outlets – behind ASOS.

Kamani’s grand plan is to eventually emulate the success of ASOS which was launched on the stockmarket at 20p in 2001 and is now valued at more than £4bn. Still quoted on AIM, when it moves to a full listing next year it should gain automatic entrance to the Footsie
Boohoo.com’s Kamani recently received the entrepreneur of the year award at the second English Asian Business Awards 2013.

jimmy b - 01 Dec 2013 19:56 - 268 of 440

Should read ASOS launched on the market 2001 DC .

Boohoo looks interesting ,like the sound of Koovs as well .

dreamcatcher - 01 Dec 2013 20:09 - 269 of 440

Sorted jimmy b . :-))

dreamcatcher - 03 Dec 2013 17:20 - 270 of 440

Shares -

Martin & Co plans Aim move

The UK’s largest residential lettings brand Martin & Co is the latest property-related company to announce its intention to list in London. The franchiser, which has some 30,000 properties on its books, intends to raise £4 million of new money ahead of debut dealings on Aim a week before Christmas (18 Dec).

Martin & Co’s founders will partially sell down stakes through the initial public offering (IPO), which could value the business at up to £35 million. This price tag would leave Martin & Co trading on some 15 times earnings, if it makes the £1.9 million worth of taxable profit some commentators anticipate this year, a multiple which would not be too expensive.

The company’s impending IPO comes hot on the heels of London-focused estate and letting agency Foxtons’ (FOXT) market debut a few months ago (20 Sep), where the company raised £55 million to expand its network.

dreamcatcher - 06 Dec 2013 18:42 - 271 of 440

Update for IPO of BooHoo - should be in the first quarter of 2014.

dreamcatcher - 07 Dec 2013 20:18 - 272 of 440

dreamcatcher - 22 Dec 2013 22:20 - 273 of 440

Even if it were not the largest flotation announced on AIM this year, the dramatis personae behind RM2 International would warrant a second look at the newest entrant to the London Stock Exchange’s junior market.

RM2 International S.A. Expected first day of trading AIM 06/01/2014 £137.2m

http://www.thetimes.co.uk/tto/business/industries/retailing/article3953088.ece

dreamcatcher - 27 Dec 2013 21:51 - 274 of 440

Post 273 as well.

Shares -
RM2 is ready to please

RM2 is ready to please

Pallet manufacturer and rental provider’s float could get 2014 off with a bang

A business with half its market cap in cash, products that could disrupt its target market, huge potential to pay a generous dividend and very high-profile board members is set to join the stock market on 6 January. Support services group RM2 International has devised a more durable glass fibre and resin pallet which lasts longer than traditional wood products. With big name customers already signed up, we suspect this will be a much sought-after stock.

It will be quoted on Aim and valued at £278 million. RM2 has already raised £137 million cash to expand its production capacity and fund the manufacture of pallets to rent and sell.

We are very encouraged by the fact that none of the existing shareholders are selling down their holdings at flotation. Invesco Perpetual is the biggest investor and management also has a significant position.

CEO John Walsh-15

Chief executive officer John Walsh tells Shares that while RM2 should make a small profit in 2014, he classifies the upcoming year as a ‘growth’ period. He reckons the business will make $75 million revenue, rising to $250 million in 2015 and $500 million in 2016. ‘It will be 2015 when we really hit the ground running and start to generate significant cash by the end of that year,’ adds Walsh.

Most of the pallets are expected to be rented by customers under long lease agreements, resulting in a high level of recurring revenue. Assets will be funded through a mixture of secured debt and cash generated from operations. The new product has many benefits. The pallets do not gather the mould that forms on their wooden equivalent, which is a boon for pharmaceutical companies, while they are also more durable and have greater load-bearing capacity. RM2 says ‘dozens’ of blue chip companies are already using the new pallets, notably Heinz (HNZ:NYSE), IBM (IBM:NYSE), Flextronics (FLEX:NDQ) and Unilever (ULVR).

RM2 claims its pallet costs $55 to make and last for more than 100 trips. Walsh says normal wooden pallets cost $40 each and only survive 30 stints on average. ‘You can get low-quality wood single-use versions for as little as $6 but these are an environmental disaster as they go into landfill.’

Its Canadian plant can produce one million pallets a year. RM2 will increase capacity to three million units in 2014, helped by the launch of a new factory in the US. The following year should see a UK plant open and annual production capacity reach 6.5 million pallets. North America and Western Europe are the target markets.

Board members have significant contacts in the food, drink, retail and private equity sectors. Chairman Ian Molson is former deputy chairman of Canadian brewer Molson. Non-executive directors include former Marks & Spencer (MKS) chairman Stuart Rose; and Paul Walsh who is ex-CEO of Diageo (DGE) and incoming chairman of catering giant Compass (CPG).

Invesco already holds 28.52pc of the company, which is registered in Luxembourg, and expects to increase its stake to 40.19pc following its admission to the Aim market on January 6. The free float is expected to be 43pc.

jimmy b - 27 Dec 2013 23:24 - 275 of 440

Like the look of RM2 as well DC ...

HARRYCAT - 28 Dec 2013 12:41 - 276 of 440

The blue GKN Chep pallets used to be the market leader. I wonder if rental pallets are still sought after, except for the big warehouses. Where I used to work we preferred to buy them as most ended up on trucks for delivery and were never returned.

mitzy - 28 Dec 2013 13:00 - 277 of 440

RM2 is tipped in the Mail today.

jimmy b - 28 Dec 2013 13:48 - 278 of 440

HARRY when signing for the goods you signed for the pallets as well (as with the blue Chep's) it was a round robbin system ,i would think this will be the same ,there are huge industries transporting millions of pallets ,i like the fact these are more durable so can make many more trips before disposal .

dreamcatcher - 28 Dec 2013 15:15 - 279 of 440

A lot of interest being shown in this IPO, available from the 6 Jan. Thanks for the input. I will grab a few and open a thread on the 6th.

dreamcatcher - 28 Dec 2013 17:34 - 280 of 440

They also are very good at getting a bonfire on the go. shhhhhh. Lol

samuelpepys7 - 29 Dec 2013 14:17 - 281 of 440

Can anyone advise the best way to find out about new and upcoming IPO's?

jimmy b - 29 Dec 2013 15:29 - 282 of 440

Try Digital Look ..

dreamcatcher - 29 Dec 2013 15:31 - 283 of 440

You beat me to it.

http://www.digitallook.com/dl/news/category/new_issues

http://www.growthbusiness.co.uk/news-and-market-deals/aim-deals/

dreamcatcher - 29 Dec 2013 17:00 - 284 of 440

jimmy b - heres your next asos

From the mail -

fashion retailer plans £500m flotation

Hailed as the next Asos, online fashion retailer Boohoo has increased its workforce by 75 per cent in the past two years and plans a £500 million float in 2014.

The Manchester-based, family-backed firm is an entirely online retailer targeting the under-25s with its own-brand clothing, shoes, accessories and jewellery. The site offers a new trend every week, helping to boost repeat visitors.

Sales surged by 132 per cent to £67.2million in its last financial year to February. Profits increased from £249,000 to £3.2million.

Co-founders and joint chief executives Mahmud Kamani and Carol Kane both had experience of supplying the fashion market as wholesalers before setting up Boohoo in 2006. Kane said: ‘It’s about newness all of the time.’

UK sales increased 68 per cent to £43.8million, while international sales rose from £2.9million to £23.5million.

Boohoo, which files accounts under parent company name Wasabi Frog, saw international sales account for 35 per cent of turnover.

Earlier this month, Boohoo, which advertised heavily in 2013, celebrated its first year in the US with a star-studded viewing party at singer Beyonce’s Los Angeles concert.

Kamani and Kane, who also export to New Zealand and Canada, are now targeting France and Germany for growth.

samuelpepys7 - 29 Dec 2013 18:07 - 285 of 440

Jimmy B / Dreamcatcher -many thanks for the info re IPO's.

dreamcatcher - 29 Dec 2013 18:19 - 286 of 440

The London stock exchange is a good site as well.

http://www.londonstockexchange.com/exchange/companies-and-advisors/aim/new-recent-issues/new-recent-issues-home.html

jimmy b - 30 Dec 2013 10:35 - 287 of 440

Trouble is DC people are ready for this one it's already a success ,(does'nt mean it's not a good buy) ,i like your earlier write up on ex asos directors setting up Koovos.

dreamcatcher - 30 Dec 2013 13:44 - 288 of 440

I will find you your next asos. lol

jimmy b - 30 Dec 2013 14:45 - 289 of 440

Or give me the lotto numbers ,same thing..

I was in asos DC ,i'll dig out my old contract note for the exact figures ,it's somthing like bought for 60p sold 100p thought i was so clever :( . Lucky i'm mentally stable..

dreamcatcher - 30 Dec 2013 15:00 - 290 of 440

Lol . Going to grab a few RM2 shares jimmy, they look good for a long term hold.

jimmy b - 30 Dec 2013 15:05 - 291 of 440

I'm interested.

dreamcatcher - 30 Dec 2013 15:17 - 292 of 440

Like the figures :-))

Chief executive officer John Walsh tells Shares that while RM2 should make a small profit in 2014, he classifies the upcoming year as a ‘growth’ period. He reckons the business will make $75 million revenue, rising to $250 million in 2015 and $500 million in 2016. ‘It will be 2015 when we really hit the ground running and start to generate significant cash by the end of that year,’ adds Walsh.

halifax - 30 Dec 2013 15:23 - 293 of 440

anyone remember Aerobox?

dreamcatcher - 30 Dec 2013 15:33 - 294 of 440

ARX - What happened to them, do they no longer trade ?

halifax - 30 Dec 2013 15:35 - 295 of 440

jumped in their box and got buried... RIP.

dreamcatcher - 30 Dec 2013 15:37 - 296 of 440

Know nothing about them halifax, but if it was an IPO I notice a few warnings about that they will not all perform.

halifax - 30 Dec 2013 15:47 - 297 of 440

dc quite right Aerobox was a new issue which tried to take on the big boys in the airline container business needless to say they ended up in their own box, plastic is more expensive than wood.

dreamcatcher - 30 Dec 2013 15:53 - 298 of 440

RM2 seems to have tested the market, they are in with the big boys and are without looking it up, I think a 6/7 year old company.

halifax - 30 Dec 2013 16:00 - 299 of 440

dc which "big boys"?

skinny - 30 Dec 2013 16:03 - 300 of 440

RM2 looks quite interesting.

Their website leaves much to be desired though!

According to the LSE, the Admissions document is available to download from their (RM2) website - I beg to differ!

http://www.rm2.com/contact.html#

dreamcatcher - 30 Dec 2013 16:07 - 301 of 440

Rubbish web site but very interesting company.

dreamcatcher - 30 Dec 2013 16:13 - 302 of 440

They are in with Heinze,IBM,FLEXITRONICS and UNILEVER.

Just look at the board members and non execs ie Stuart Rose Marks and Spencer
Paul walsh- Ex ceo of Diageo. Incoming chairman of catering giant Compass.

david lucas - 30 Dec 2013 16:25 - 303 of 440

DC. Those are big hitters and make this a serious new issue. I think they would fit in with my long term value portfolio.

halifax - 30 Dec 2013 16:30 - 304 of 440

dl & dc alternative view......jobs for the boys, window dressing.

dreamcatcher - 30 Dec 2013 16:31 - 305 of 440

we take our chances dl . I have done my homework, The company produces pallets already, I like the figures given, in contact as you say with big hitters. All we need know is for halifax to say he hates them, then I know they will rocket. :-))

dreamcatcher - 30 Dec 2013 16:32 - 306 of 440

I am well happy, thanks halifax :-))

halifax - 30 Dec 2013 16:34 - 307 of 440

dc have no problem with this company but pallet consumers will decide, common sense and price will prevail.

dreamcatcher - 30 Dec 2013 16:35 - 308 of 440

They have a superior life to the wooden ones and are far cheaper.

halifax - 30 Dec 2013 16:37 - 309 of 440

dc not cheaper to buy, are they cheaper to lease?

jimmy b - 30 Dec 2013 16:39 - 310 of 440

The figures DC say they are slightly more expensive to produce but will make 3+ as many trips before disposal .
I used to be in the international transport business and kind of understand how the pallet exchange works.

jimmy b - 30 Dec 2013 16:41 - 311 of 440

halifax i would presume they would be competitive as they last a lot longer.. This is nothing new plastic pallets have been used for ages.

skinny - 30 Dec 2013 16:44 - 312 of 440

But can you burn them? :-)

halifax - 30 Dec 2013 16:44 - 313 of 440

jim you tend to discount the cost factor.

jimmy b - 30 Dec 2013 16:46 - 314 of 440

Why's that halifax ?

halifax - 30 Dec 2013 16:48 - 315 of 440

jim what %age of pallets go "missing" work it out for yourself.

dreamcatcher - 30 Dec 2013 16:50 - 316 of 440

Thanks jimmy. John Walsh's words ''Dozens'' of companies are using them.

Figures - Wooden pallet costs to make $40, will service 30 trips

Plastic $55 costs to make , will survive more than 100 trips.

So the wooden pallets are over $120 for 100 trips to the plastic of $55

The pallets will be on long lease, with high reoccurring level of revenue.

jimmy b - 30 Dec 2013 16:50 - 317 of 440

If you lease pallets (as in GKN Chep) you sign for them and exchange them.

dreamcatcher - 30 Dec 2013 16:51 - 318 of 440

Halifax these will have tracking systems in them as I said to cynic. The wooden ones carried a high levy for non returns.

dreamcatcher - 30 Dec 2013 16:54 - 319 of 440

If this was a new company setting out,I would not touch it with a barge poll. As I have said the operation has been running 6/7 years.

jimmy b - 30 Dec 2013 16:55 - 320 of 440

I can't tell you if this is going to be a great buy ,i only know how the pallet system works.
DC as in GKN Chep blue pallets ,someone was usually responsible for missing pallets that had to be paid for.

dreamcatcher - 30 Dec 2013 17:00 - 321 of 440

Thanks jimmy b, good to have the questions. There will be a lot of interest in this one .Non of the original investors are selling and one of the holding comps is increasing its holding.

dreamcatcher - 30 Dec 2013 17:05 - 322 of 440

skinny - 30 Dec 2013 16:44 - 312 of 321

But can you burn them? :-)

Only in the dark, as they will smoke, a bit like burning a tyre. lol

jimmy b - 30 Dec 2013 17:06 - 323 of 440

Well nothing in life's a dead cert is it DC .

dreamcatcher - 30 Dec 2013 17:11 - 324 of 440

Is now halifax don't like them along with Blur, Wandisco. Them two have lost me a fortune. :-)). Being serious you can only go on what the top exec of the company puts out. I have good vibes for this one. I will also check the tea leaves tonight, :-))
I will buy on the day they start trading, as said they will be for the long term.

halifax - 30 Dec 2013 17:22 - 325 of 440

dc we wish you good luck as no doubt initially it will do well as their board and senior management is packed with bankers and accountants but who is going to deliver the operational success of this company? Have you seen their accounts for the past 6/7 years? Investco will be pleased to get this one away.

dreamcatcher - 30 Dec 2013 17:51 - 326 of 440

halifax you are guessing. :-)) The company is not full of bankers and accountants. Its a fully operational company with a senior management team built in. You just look up the past history of the list of managers below.

Senior Managers and Operational Team

Philip Seligmann
Chairman RM2 North America

Matthew Gilfillan
Head of North American Sales and Marketing

Christopher Gibbs
Head of EMEA Sales and Marketing

Ewa Groszek
Managing Director of Equipment Tracking

Tom Lane
Head of Manufacturing

Rick Needham
Head of Strategic Manufacturing Development

Ruari McGirr
Strategic Development and Investor Relations

Richard San Martin
North America Sales

Robert Blaikie
EMEA Sales

halifax - 30 Dec 2013 17:53 - 327 of 440

dc you forgot to mention the Board Members...oh and by the way please comment on their accounts for the past 6/7 years,

dreamcatcher - 30 Dec 2013 17:57 - 328 of 440

You will have as I have said in the past to ring the company.

We are starting to go down the track of the past . Please do not run me round, you can look it up. Lets stay on good terms.

halifax - 30 Dec 2013 18:02 - 329 of 440

dc no problem as you know the Board of Directors comprises mainly bankers and accountants(which may or may not be a bad thing), we are finding it difficult to access their financial statements possibly because they appear to be incorporated in Luxembourg?

dreamcatcher - 30 Dec 2013 18:17 - 330 of 440

John Walsh (CEO) Mr Walsh was recognized as the third most influential European in US Financial Markets by Financial News (November 2005) and the seventh most important British Businessman in the US by the Sunday Times (December 2005).

Chief executive John Walsh said: “Admission will give us the ability to turn a meticulously developed and tested pallet and logistics approach - for which we believe there is a clear demand - into an operation of real scale.”

jimmy b - 30 Dec 2013 20:23 - 331 of 440

DC says it will float at 88p..

dreamcatcher - 30 Dec 2013 20:37 - 332 of 440

Wonder what it will open at at 8am.

Pulled this off sky news - Although it operates in a relatively unglamorous sector, RM2 and its existing investors believe there is substantial scope to grow the company rapidly because of the industry's massive fragmentation.

The biggest operator in the US had a market share of just 3.1% last year, according to material circulated among prospective investors, while the global market is forecast to grow at an annual rate of 4.5% to $4.5 billion (£2.8bn) by 2017.

The business is run by John Walsh, formerly a senior banker at Royal Bank of Scotland, and is understood to have attracted the attention of prominent investors because of its proprietary technology and ability to control wastage in the supply chain through the use of sophisticated tracking software.

RM2's eye-catching board line-up also includes Ian Molson, a member of the North American brewing dynasty, who has been appointed as the company's chairman; and Amaury de Seze, a director of Carrefour, the French retailer, who will join Sir Stuart and Mr Walsh as a non-executive director.

HARRYCAT - 30 Dec 2013 21:11 - 333 of 440

The only thing that worries me slightly is that this float appears to be basically a binary play on whether the pallets are successful or not. (i.e a single product). There is nothing else to produce enough revenue to keep the company solvent.
Interesting that they are floating after the recession. Tight company budgets would probably have made this a flop a few years ago.
Not sure.........especially as the very well established Chep pallet system is still running in competition.
Another thing that occurs to me is, what about international traffic. Many seafreight container contents are now palletised to reduce product handling and for H & S issues. Presumably pallets shipped abroad are 'lost'? Likewise road transport across international borders etc

dreamcatcher - 30 Dec 2013 21:21 - 334 of 440

Good point Harry.

Purely my point of view - The contacts of this company must be huge. I'm thinking this board would not been interested in being appointed on chance. There are some big names here. They have just raised something like 100 million before this IPO.

Carrefour SA (Public, EPA:CA) is a French international hypermarket chain. Headquartered in Levallois-Perret, France, Carrefour is the largest hypermarket chain in the world in terms of size, and the second largest retail group in the world in terms of revenue and third largest in profit after Wal-Mart and Tesco.

dreamcatcher - 30 Dec 2013 21:23 - 335 of 440

post 332 Harry, the growth for pallets is forecast to grow.RM2 is manufacturing 1m pallets a year at the moment and says it can get to 2.5m next year with the £137.2m proceeds of its float, and 7m by 2015. Another point is that the company will sell pallets as well as lease.

HARRYCAT - 30 Dec 2013 22:01 - 336 of 440

I certainly hope they do well dc, but the pallet market is so well established with many players with vested interests that I think they will have a very tough time achieving their sales targets. The current players in the existing wooden & plastic pallet market must be gearing up for some kind of response to this threat. I also wonder how RM2 will get round the problem of the various size and weight capacities of the current models. (UK, Euro, US are all different sizes).
One other point I would dispute, though it's based on UK prices, is that is does not cost $40 to make a wooden pallet. As an educated guess, I would suggest nearer $25 based on the current UK selling price of a 40' trailer load of 4 way 1.5 tonne pallets.
Sorry to be so negative. I just hope the Board have done their arithmetic correctly and not produced unachievable targets.

dreamcatcher - 30 Dec 2013 22:14 - 337 of 440

Very interested in your thoughts Harry. Please don't think I am a know it all, just interested that's all. On the sizes I see the pallet is available in the standard 1200x1000mm, 1200x800mm, 1165x1165mm and 48"x40" footprints with other bespoke sizes available for specialised applications.Its Canadian plant can produce one million pallets a year. RM2 will increase capacity to three million units in 2014, helped by the launch of a new factory in the US. The following year should see a UK plant open and annual production capacity reach 6.5 million pallets. North America and Western Europe are the target markets.

Stan - 30 Dec 2013 23:06 - 338 of 440

Like most of these IPO's isn't it less of a risk to just let the float get underway, assess, and then trade them?

dreamcatcher - 02 Jan 2014 19:35 - 339 of 440

Six year high for London Stock Exchange IPOs

31st December 2013

Back to
Press releases

105 IPOs raise a total £15.7 billion in 2013
62 AIM IPOs raise £1.1 billion
Strongest year for technology IPOs since 2007, 36 firms raise £1 billion

London Stock Exchange this year welcomed 105 new companies to its markets, a record number since 2007 and a clear sign that confidence is returning to the UK and global IPO market. The total capital raised was £15.7 billion through 43 Main Market listings and 62 AIM IPOs.

Key statistics:
Royal Mail Group was the largest European IPO of the year, raising £1.7 billion
Other household names listing included Merlin Entertainments - the owners of Madame Tussauds - Foxtons and Bon Marche
Tinkoff Credit Systems was the largest international IPO of the year raising £1.08 billion and was joined by other international companies including Al Noor Hospitals and Stock Spirits Group
36 technology IPOs on London Stock Exchange in 2013 raising £1.00 billion – the highest number and value seen since 2007
14 private equity backed companies floated on London Stock Exchange markets this year – the most since 2007

Xavier Rolet, CEO, London Stock Exchange Group, said:
“2013 has been an exciting and positive year for the IPO market. We have seen a very healthy mix of UK and international companies using the London market as a platform for future growth. London continues to be the world’s pre-eminent venue for international institutional investor capital and, high profile IPOs have helped reawaken the strong retail investor appetite for equity investment.”

“We have been particularly pleased to see the number of tech companies using AIM, raising over £350m in the process. This is confirmation that high growth companies, as well as their backers in the private equity and VC communities, are recognising the exceptional power of equity in driving growth.”

- ends -

dreamcatcher - 03 Jan 2014 08:38 - 340 of 440

We’re ready to float this year, reveals House of Fraser chief: Record Christmas trading at House of Fraser has laid the ground for its flotation before the end of the year, according to its chief executive.

dreamcatcher - 05 Jan 2014 12:06 - 341 of 440

Had a reply this morning to the e-mail I sent the company RM2. They have sent me the admission documents in pdf format and have no idea how to copy.

Mr ----

Your e-mail somehow found it's way into a spam folder, so my apologies for the late reply. I attach a copy of the Admission Document in the event that you were not able to get one from another source. The Placing was closed in December prior to the receipt of your e-mail, though the first day of dealings has been delayed to tomorrow, Monday 6 January because of the effect of the Christmas break.

Shares can obviously be bought in the usual way at that point should you be interested.

Regards, and thank you very much for you interest.

Ruari McGirr

jimmy b - 05 Jan 2014 12:26 - 342 of 440

Are you still a bit iffi on this one DC ?

dreamcatcher - 05 Jan 2014 12:38 - 343 of 440

jimmy b, by the sounds of it, they certainly have interest. My email was sent a week ago at the time skinny mentioned there was no facility on the company site to download the admission document. Looking like they had closed early. Its a shame I cannot get the document on the site. Going to have a read this aft. One thing I do see is the pallets are 80% glass and 20% plastic and would have to be smashed to remove the tracking device. Also they have acquired the tracking company.

jimmy b - 05 Jan 2014 12:47 - 344 of 440

Thanks DC , we'll have a look in the morning :)

halifax - 05 Jan 2014 13:20 - 345 of 440

dc do you have any financials as they have been in business for 6/7 years?

dreamcatcher - 05 Jan 2014 14:40 - 346 of 440

Are you joking, I'm having nothing to do with you. So don't ask anything else, as you will not get an answer in short. So you know where we stand now.

dreamcatcher - 05 Jan 2014 14:42 - 347 of 440

I think other posters will know why, before you comment.

dreamcatcher - 05 Jan 2014 14:58 - 348 of 440

Thanks jimmy b.

dreamcatcher - 05 Jan 2014 19:40 - 349 of 440

Jimmy b, I have read admission document (all 167 pages) I would not give anyone advice to buy in or not. Pleased it was sent today.

RM2 seems to be a holding company with 10 further legal companies
I will gladly put up a thread tomorrow, but have decided I will not be investing.
Big industry players have been drawn and I think the business is using these names to draw the investment. They clearly have to go out and get the business still.
Short term there may be some profits to be had via the hype the company has received, they may well be very good. Long term there are no guarantees and to me its all about the big gun names pulling in new business.
The company has only put up the last three years figures of trading as well as 6 months to the middle of 2013.

All in US $

2010 2011 2012

(6,708,264) (11,580,288) (21,310,112)

And the six months ended 30 June 13

( 6,023,199)

In my view its all down to having faith in the directors achieving their forecasts. I am not strong in this area. This is no way giving advice, but only fair to say not for me on this occasion.

Thanks for your input as well Harrycat

jimmy b - 05 Jan 2014 21:46 - 350 of 440

Nice one DC ,i take it those figures are turnover ?
, i've only bought in to a few IPO's over the years and with a bit of luck always done ok.
Like you say could be some profits to be had due to the hype .
Would have helped read the admission docs but had Girls Aloud round for the afternoon ,you know how it is sometimes ! :))

dreamcatcher - 05 Jan 2014 21:52 - 351 of 440

Losses jimmy b. Pages and pages of figures, admin seem large as well. The debt will all be payed down with the IPO cash raised.

jimmy b - 05 Jan 2014 21:58 - 352 of 440

Don't like the sound of that .

dreamcatcher - 05 Jan 2014 22:11 - 353 of 440

See how it opens in the morning, I'm not about until near market close. Good luck.

jimmy b - 05 Jan 2014 22:12 - 354 of 440

Cheers DC.

dreamcatcher - 12 Jan 2014 15:52 - 355 of 440

CityFibre IPO: Telecoms firm to float in London

Liberum Capital and FinnCap appointed to lead £25 million fundraising

by Branimir Kondov,
Nov 26 2013, 10:18 GMT

CityFibre IPO: Telecoms firm to float in London

After trading lower for most of Thursday’s session in New York, the Gafisa share price ended the day higher.

iNVEZZ.com, Tuesday, November 26: CityFibre, a UK-based fibre-optic infrastructure business, is preparing to float on London’s AIM market which is expected to value the company at between £50 million and £55 million, the Times has reported.

The telecoms company, which claims to be “the largest provider of fibre infrastructure to the UK’s second tier cities” with a network of 30,000 km of cable covering 50 towns and cities across the UK, is looking to raise the stakes in its competition with BT for business in areas underserved by the nation’s telecoms companies. The debate around the digital divide in Britain has focused on users in rural areas but many consumers and businesses in second-tier cities also suffer from low broadband speeds and a reliance on BT to upgrade networks.

Get a share dealing account from Hargreaves Lansdown and trade shares from £5.95. HERE>>

According to The Telegraph, CityFibre “is believed to be about to begin a fundraising road show with potential investors to raise as much as £25 million ahead of a listing on the London Stock Exchange’s AIM”, the market for smaller, growing companies. It is understood that ahead of the initial public offering (IPO), the company has raised approximately £11 million from its board as well as private investors.

CityFibre was founded by Greg Mesch who has built up five companies from start-up enterprises over the past 25 years, including Irish alternative telecoms company ESAT and Versatel, which built a network in Germany, Belgium and the Netherlands. ESAT was sold to BT for €1 billion (£837.7 million) and Versatel was sold to Sweden’s Tele2 for €2 billion (£1.67 billion).

The company is backed by the private equity investor Jon Moulton, who will keep a substantial stake after the float. CityFibre’s founders, directors and staff own half of the company shares.

The Times noted that North American private equity funds had shown interest in CityFibre but the company’s “management believes a British listing will strengthen its hand in bidding for public sector contracts.”

CityFibre is targeting locations including York, Bournemouth and Peterborough by building dense metropolitan networks in cities across the UK, aiming to turn them into ‘gigabit’ cities by delivering download speeds of up to 1Gbps to homes and offices.

The most recent development was the signing of a contract with the Peterborough City Council on November 13 to transform Peterborough into a ‘gigabit’ city. CityFibre had previously announced that it was to invest £30 million into the city to create a fibre network. The first services will go live in summer 2014, and the network is due for completion by April 2015.

The company will offer a business broadband package with speeds of between 500Mbps and 1Gbps at a cost of £50 to £100 per month, while the consumer fibre-to-the-home (FTTH) broadband package will cost £25 to £50 a month for the same speeds.

CityFibre believes there are 100 such cities in Britain where it can expand to, that will cover roughly 10 percent of the population. The company hopes to build a credible third-placed infrastructure player that can compete with BT and Virgin Media.

dreamcatcher - 12 Jan 2014 15:54 - 356 of 440

Expected first day of trading

CityFibre Infrastructure Holdings plc AIM 22/01/2014

dreamcatcher - 13 Jan 2014 19:23 - 357 of 440

Housebuilder Miller mulls break-up of its business ahead of a possible stock market float

http://www.dailymail.co.uk/money/markets/article-2538205/Housebuilder-Miller-mulls-stock-market-move.html

Hummingbird - 13 Jan 2014 22:50 - 358 of 440

Re. CityFibre. Can anyone tell me where to access and to download the admission document. Thank you.

dreamcatcher - 14 Jan 2014 07:12 - 359 of 440

Hummingbird, may help.

http://www.investegate.co.uk/aim/rns/sch-1-update-cityfibre-infrastructure-holdings-plc/201401131215045003X/

tyketto - 23 Jan 2014 19:01 - 360 of 440

CITY AM. Today.
Hurricane Energy plans IPO on AIM in Febuary,
valuing the company at c.272mil.

mitzy - 23 Jan 2014 20:20 - 361 of 440

Anyone know the epic for City Fibre infrastructure.

dreamcatcher - 23 Jan 2014 20:25 - 362 of 440

CFHL- mitzy

mitzy - 23 Jan 2014 20:29 - 363 of 440

Thanks dc.

tyketto - 24 Jan 2014 00:24 - 364 of 440

Hurricane energy plans to do ipo in feb.

tyketto - 11 Feb 2014 17:09 - 365 of 440

Rated People plans to float later this year.
It has already raised £6.5m from a pre-initial PO.
Hopes to raise a further £5 to £10m.

dreamcatcher - 20 Feb 2014 13:08 - 366 of 440

A mention in this weeks Shares of the IPO of Rosslyn Analytics - Tipped to float in the near future. They speculate it should be a big hit from day one on the market.

HARRYCAT - 23 Feb 2014 10:17 - 367 of 440

Looks like Pets at Home are about to float. £275m is the target amount.

AO (Appliances Online) also about to float at a price between 235-285p. Book already covered.
http://ao.com/

skinny - 23 Feb 2014 10:39 - 368 of 440

Harry - a link to IC's article on Pets at Home joins billion-pound IPO rush">

dreamcatcher - 18 Mar 2014 21:43 - 369 of 440

SafeCharge applies to join AIM

Tue, 18 March 2014

Article viewed 19 times

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SafeCharge, an online payments processor, has applied to float its shares on London's AIM market.

The company intends to raise $100m as part of its initial public offering.

The firm, which is 90% owned by Israeli entrepreneur Teddy Sagi, said net proceeds from the offer will be used to drive revenue growth, including acquisitions particularly in the Asia Pacific and the Americas.

No shares will be sold by existing shareholders or Chief Executive Officer David Avgi.

"We're very excited by the prospect of listing in London, which will improve the group's profile amongst prospective clients and should enable us to grow both organically and through acquisitions,” Avgi said.

In the year through December 2013, the group recorded turnover of $43.2m and adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of $11.3m.

dreamcatcher - 21 Mar 2014 19:56 - 370 of 440

Shares -

dreamcatcher - 05 Apr 2014 18:54 - 371 of 440

Rosslyn Data Technologies plc AIM 30/04/2014 TBC :-)) PDYOR

Location of address at which admission document will be available: The admission document containing full details about Rosslyn Data Technologies plc and the admission of ordinary shares will be available from the offices of the Company at 25 Eccleston Place, London, SW1W 9NF.

Rosslyn Data Technologies Limited was incorporated on 7 February 2014 and has been established as the new holding company of Rosslyn Analytics Limited and its subsidiary, Rosslyn Analytics, Inc (together the "Group" or "Rosslyn"). Founded in 2005, with headquarters in London and offices in both New York and Colorado, USA Rosslyn is focused on serving the global business intelligence marketplace in relation to the Big Data challenge. Business intelligence aims to improve business insight to support better decision-making by increasing the quality, reliability and visibility of information available to management. Rosslyn provides analytical services to its clients by combining four key technologies: data extraction; cleansing; enrichment; and visualisation through a single cloud platform enabling users with detailed data to make more informed decisions. Rosslyn's proprietary RAPid platform delivers cloud technology to customers and is the Group's primary product available to its customers. The Group's main country of operation is the UK.

skinny - 07 Apr 2014 10:00 - 372 of 440

There is a bubble in initial public offerings (IPOs) that will cause awful losses for investors, the Sunday Telegraph's Questor column said. Royal Mail, with its monopoly on mail and parcel delivery and prime London property holdings, was the exception to an IPO boom that has seen companies such as Just Eat, AO World and Boohoo.com valued at 100 to 200 times profits. Investors should ask if owners are investing for growth or cashing in and whether the business has a dominant market position or protected technology. Ignore most IPOs and the shares will probably be cheaper six months later.

dreamcatcher - 26 Apr 2014 12:53 - 373 of 440

Backing the right horse in the IPO race and making sense of Quindell
By Gareth Burchell
April 26 2014, 9:00am
column image

Round the desk at Shard has been discussing IPOs over the last week. There have been 31 on AIM since January and with this frenzy investors need to be selective about which ones they go for – and as important, which they avoid.

Shard supported the Bagir Group’s (LON:BAGR) floatation on Tuesday April 15, dodged the Haydale Graphene Industries (LON:HAYD) and will be participating in the Rosslyn Data Technologies listing on the April 29. Below Gareth Burchell gives us his thoughts on our AIM debutants.

Bagir Group

Bagir has been around since the 60s and has been supplying tailoring to the likes Marks & Spencer since the early 70s. Bagir account for at least 40% of Marks’ and Arcadia’s formalwear business and also works with John Lewis, Austin Reed, Moss and House of Fraser.

The next step is to carve out this sort of market share in ladieswear market. The house broker thinks revenues of $100m could be more like $300m over time. Any loss of a major client would be a big blow and the sector is competitive. But with an anticipated yield in 2014 of 5.3%, it provides income and growth.

Haydale Graphene Industries

It seemed to us that the Graphene space could have been a bit of a bubble. We were fearful that the hype surrounding Graphene plays could have led to an inflated valuation and at £23mln we thought it was a bit too expensive. The broker forecasts did not excite us and lacked revenue visibility. Graphene undoubtedly has a lot of potential but we just felt the valuation of this particular company was a tad toppy. The price has been hit quite hard since its float at 210p, with shares currently around 141p.

Rosslyn Data technologies

Rosslyn is a “big data” play and a leader in cloud based analytics. The company takes all of its existing data from internal systems through to social media, tidy it all up and use the data to provide important analytics back to the client. It delivered £10mln of savings for one blue chip client for just a £60,000 spend and have an impressive list of over 50 multi-national customers including the likes of Coca Cola, Sony, Diageo, Xerox and GE.

Cenkos is bringing the stock to the market on the next week and we are looking forward to its debut. Although its revenues are early stage, the management have spent £5mln developing the technology and With any share in this space there is the chance that someone comes along with better technology, so Rosslyn will need to turn its potential into revenue. But, with a pre-money valuation of £15mln, we think there is upside from here.

And finally…Quindell

It has been a rollercoaster week for Quindell (LON:QPP) with the shares hitting a high of 40p and a low of 18.5p on the back of a report that all is not quite as it seems with the business. We at Shard like the shares and supported them in the 16p fundraise last year. At the time of writing we were expecting a detailed RNS either Friday or early next week to respond to this speculation and hopefully put the market straight. To me this moves seems overdone considering the company behind the report has made no secret of the fact it is short of the stock. What has probably made things worse is a series of stops being hit and people trading on leverage being closed out, making the decline much worse. If this Quindell’s response lays these allegations to bed, this could give believers a chance to top up at lower levels.

*The views expressed are the views of Shard Capital and should not be construed as investment advice, as we have not assessed your individual suitability for personal investment advice.

Martini - 02 May 2014 00:36 - 374 of 440

Anyone got thoughts on the SAGA IPO other than it's appropriate for moi?

skinny - 02 May 2014 06:37 - 375 of 440

Et Moi - now that I can do it through HL, I probably will.

As the blurb says - the over 50s is a growing market!

Martini - 02 May 2014 22:18 - 376 of 440

I need to read the prospectus but the one thing that worries me is that despite being one of their target audience I don't have a single product from them.

skinny - 03 May 2014 09:09 - 377 of 440

I actually insured my car through them this year - much to my son's amusement!

dreamcatcher - 03 May 2014 11:58 - 378 of 440

mitzy - 03 May 2014 12:08 - 379 of 440

Father Jack..?

ExecLine - 03 May 2014 12:38 - 380 of 440

One SAGA benefit for old farts, who wish to take a holiday trip, is that there are no problems getting insurance. SAGA are very experienced in dealing with death and incontinence too, should you ever want to send off any elderly relatives for Christmas.

Their IPO? I think it might flop. IMHO, it's all about the 16% unpaid interest return due to the Preference Share holders. It has never been paid to them and has been allowed to stack up every year, thereby saving tax through turning any annual profit into a loss.

Andrew Goodsell, CEO, stands to get £210m from the float from this refinancing and the AA will be divested from the Group.

Coincidentally, my wife and I were cold called by their cruise sales dept. for the very first time ever only last week. For them to do that, we wondered if business is bad......? Hmmm? It might just be a change of sales policy. We are on their mailing list and they do have our phone number.

HARRYCAT - 04 May 2014 11:45 - 381 of 440

TravelEx are due to float by the end of June. Announcement due within the next couple of weeks.

ExecLine - 13 May 2014 14:17 - 382 of 440

Just in:

The SAGA float:

What does Saga do?

Let's start with some of the basic facts.

Saga is a business that offers a range of services to the over-50s. These include the Saga magazine, cruise trips, and a sizeable insurance operation. Insurance is the largest part of the business.

Saga is currently owned by a company called Acromas, which also owns the AA. Acromas is owned by several private equity firms as well as its senior management.

We don't yet know what the offer price will be, but it's expected to be in the range of 185p to 245p. That values the company at £2bn¬¬–£2.5bn. Although some debt will be paid off, Saga will still carry debts of £700m after the float.

If you want to buy shares, you need to apply by 11:59pm on Tuesday 20 May. You can do that online via the Saga website. Existing customers and employees get preference in the application process. (Here's the link if you're interested: https://www.sagashareoffer.co.uk/AboutShareOffer).

The main question to ask before you invest in any new listing

So should you buy in? Well, whenever a company lists on the stock market, I always want to know why it is happening.

Keeping things simple, there are three main reasons why a company might float:

• the owners of the company want to cash in their chips and sell

• the company wants to raise capital to invest and grow

• the company wants to raise cash to pay down debt

With Saga, it's pretty clear that this flotation is happening for two reasons: to pay down debt, and to enable the owners to sell some of their shares.

And that makes me nervous.

If a company is raising money for investment, then I might get excited about it. It could be a promising growth story with the potential to make me money.

But when it's a bunch of savvy private equity guys selling out, I worry that they're only going to sell for a full price. After all, Acromas has waited until we're five years into an equity bull market before selling. They want to get top dollar.

That's great for investors in the private equity funds. But I don't see why I should buy at or near the top.

Granted, Saga does have some strengths. It's profitable and has a strong brand which most people in the UK are aware of. It doesn't have to spend much on advertising as it has a great marketing database with 10.4 million names. And its customers appear to be satisfied – 88% of 'active customers' are repeat buyers.

What's more, its management thinks there's growth potential in wealth management and healthcare – which is probably true.

But I think these strengths are more than reflected in the proposed valuation. Saga made a pre-tax profit of £110m last year, which means that the company will probably trade on a price/earnings ratio in the high teens. That's a bit steep for what is, fundamentally, an insurance company with a couple of secondary businesses in publishing and travel.

What's more, there's no sign of profits growth – pre-tax profits have been pretty much static for the last three years.

The Saga flotation looks like a big cash-in – steer clear

It's also worth noting that the current executive chairman, Andrew Goodsell, is planning to become a non-exec boss within the next 18 months. He's already made more than £100m from the company, and stands to make a further £80m if the flotation is a success.

That's just another sign that this is just one big cash-in.

I also worry that some investors may buy in simply because they remember what happened with Royal Mail (LSE: RMG) last year. The shares floated at 330p last autumn and then soared to over £6 earlier this year. That was a great deal for investors – if not the taxpayer.

But not all stock market offerings perform that well. For example, earlier this year Pets at Home (LSE: PETS) floated at 245p. But the shares are now trading at 222.5p having fallen lower a few weeks ago.

I freely admit that there's a danger that I'm going to miss out on the growth potential lying in wealth management and healthcare. But at this price, I'm happy to take that risk. I'm not buying.

If you want to read a more detailed analysis of the Saga stock market listing, read Phil Oakley's analysis in this week's edition of MoneyWeek magazine.

Martini - 17 May 2014 20:20 - 383 of 440

After due consideration I have decided to pass on Saga. This should be an excellent signal for the rest of you to fill your boots!

Chris Carson - 17 May 2014 21:03 - 384 of 440

Fi
1. Classification

Saga looks set be classed as a specialised consumer services company, putting it alongside companies such as EasyJet, Sainsbury and Greggs rather than an insurance company.

However, that is despite Saga generating 77pc of its profits from motor and home insurance.

The management says that reflects the fact that just 36pc of revenue is generated from insurance and that much of that comes from broking rather than underwriting.

The interesting point here is that consumer services shares as are often rated at about 20 times earnings, whereas UK-focused insurers trade on about at about 10 times earnings.

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2. Profits

During the past two years group profits before tax have been largely flat, rising only £1m in the last three years.

However, the shares look as though they will be priced at the top of the range, at around 245p.

That would give them a price earnings ratio of about 20 times, which is usually applied to a company where revenue and profits are growing very quickly.

3. Saga will have quite a lot of debt

A higher level of debt in a company increases risks to shareholders if anything goes wrong, as the owners of that debt have the first claim on any assets.

Saga will have debt’s of about £700m following the flotation against a balance sheet with net assets of £1.1bn.

4. Saga will still be majority owned by private equity

The largest single shareholder will still be Acromas, which is owned by private equity groups Charterhouse, Permira and CVC.

They are restricted from selling shares for 180 days. However, private equity is not known for publicly listed equities for the long term..

Management have assured that nothing will be done to damage the brand.

However, Saga will be an interested test case of the tensions between the interests of private equity owners who need to return cash to their investors and Saga customers who become shareholders themselves.

5. Expansion plans

Saga says it will boost growth and profits by offering legal services, share dealing, wealth management and private care in the home to its database of some 8.4m households.

However, can a leopard change its spots?

The group has not meaningfully shifted its profits from insurance during the past five years.

Each of those potential markets is also highly competitive.
ve reasons not to buy. (Daily Telegraph)

HARRYCAT - 22 May 2014 11:32 - 385 of 440

WIZZ AIR - "The Global Offer will comprise an offer of new Ordinary Shares by the Company to raise gross proceeds of approximately €200 million, and the sale of Ordinary Shares by existing investors, including investment funds managed by the Group's existing principal investor, Indigo Partners LLC ("Indigo"). It is also expected that, subject to Admission and other conditions being met, the Company will be considered eligible for inclusion in the FTSE UK Index Series. The Global Offer is expected to complete in June 2014."

ExecLine - 22 May 2014 11:41 - 386 of 440

Saga cuts float price despite 'exceptional demand'
Over-50s group Saga reduces maximum price at which it will sell its shares from 245p to 205p
by Richard Evans May 21, 2014

Source: http://www.telegraph.co.uk/finance/personalfinance/investing/shares/10846542/Saga-cuts-float-share-price-despite-exceptional-demand.html

Saga, the over-50s group, has cut the price range for its shares in the forthcoming flotation to between 185p and 205p.

Previously it had indicated a range of 185p-245p, so the change marks a 16pc reduction in the maximum price. The cut comes despite what the company called "exceptional demand" from private investors, many of whom are Saga customers.

Institutional investors have been less enthusiatic, however, indicating that they would not be interested in the shares if priced at the top of the original range. Sources close to Saga said the flotation had received demand for £1.5bn worth of shares from institutional investors across the new price range.

The company said the price cut was intended to increase the chances that investors who take part in the float would see gains when trading starts on Friday. "We remain very focused on seeking to underpin a positive aftermarket performance in the stock," the chairman, Andrew Goodsell, said.

Mr Goodsell said: “The retail offer has now closed, showing exceptional demand, and we continue to see strong momentum in the institutional offer.

"Given our desire to allow customers to play a significant part in the future ownership of the business, we remain very focused on seeking to underpin a positive aftermarket performance in the stock, with the appropriate balance between high quality institutional investors and retail investors.

"We are therefore narrowing the range to 185-205p per share to support a strong debut.”

The latest prediction of the price at which investors can sell their shares when trading starts is 223p, according to IG, which runs a "grey market" for its customers. If Saga sells the shares at the maximum 205p price, this would give investors an instant profit of about 9pc.

skinny - 22 May 2014 11:44 - 387 of 440

I decided against SAGA in the end - which should guarantee that they rocket!

FatFace abandons plans for IPO

Martini - 10 Jun 2014 21:10 - 388 of 440

TSB next one on my radar. A "clean" bank but unlikely to make much in the way of profits for some time.

Will keep reading the analysis what do others think?

ExecLine - 13 Jun 2014 14:07 - 389 of 440

I'm not now going to participate in the TSB IPO.

Interestingly, SAGA, which kicked off at 185p, is now down to 170p as I type.

skinny - 13 Jun 2014 14:10 - 390 of 440

Me neither - I didn't apply for SAGA but I did for PETS and BBOX recently.

ExecLine - 13 Jun 2014 18:35 - 391 of 440

My main reasons are:

Lots more shares to be issued - ie. the remaining 3/4 of the company - and this has to be before 2015 end.
TSB is likely to generate less than 10% returns. These are on the 'low side'.
Low returns have to mean mean low share prices.
TSB mortgages are a tadge risky - 45% being 'interest only' - even riskier when interest rates rise.
TSB is not involved in highly profitable investment banking.
The health of TSB is highly linked to the UK housing market - house prices are too expensive and customers are already overstretched.
No dividends - well, not until at least 2017.

ExecLine - 14 Jun 2014 12:02 - 392 of 440

From The Mail
13 June 14

Will you say yes to discounted TSB shares? Lloyds poised to sell first round of shares in eagerly anticipated float
By JAMES SALMON

Lloyds is poised to sell a tranche of spin-off lender TSB in one of the year’s most eagerly awaited stock market floats.

The public now has the chance to snap up shares in the challenger bank, formed out of 631 branches Lloyds was forced to sell as a condition of a £20billion taxpayer bailout.

Paul Pester, TSB chief executive, has pledged to run a simple bank for local communities – setting it apart from the scandal-hit High Street giants.

Lloyds is also selling the shares at a significant discount to the notional value of TSB – known as the ‘book value’ – at between 220p to 290p, depending on demand. The final price will be announced on June 20 and full trading will begin on June 25.

Even if the shares are sold at the middle of the range – 255p – TSB would be valued at £1.275billion.

This represents a discount of 15 per cent to its book value of £1.5billion.

Put more simply, the shares are being offered on the cheap – even compared with other bank stocks.

For this reason alone, some experts believe it might be worth a punt. Ed Croft, boss of investment website Stockopedia, said: ‘Lloyds is essentially a forced seller of TSB and as a result the float seems to be priced to go.

Our analysis suggests that even if priced at the higher end of the range, TSB could still be on a 20 per cent discount versus its banking sector peer group.’

But TSB is not suitable for investors seeking an income, unless they are prepared to stick it out for the longer term.

Lloyds has made clear that the ‘low level of profitability’ anticipated in the early years means investors will have to wait until spring 2018 to receive a dividend for TSB’s 2017 performance.

One big plus point is that there is no risk of skeletons coming out of the cupboard to hammer its share price. Lloyds has agreed to shoulder any past mis-selling claims – including for PPI – from TSB customers.

TSB also has a bigger capital buffer than competitors. This makes it financially secure and gives plenty of firepower to grow the business and boost lending.

On paper, TSB has plenty of opportunity to grow market share and achieve an ambition to increase the balance sheet by 40-50 per cent over the next five years.

At present it has 6 per cent of the UK’s bank branches, but just 4.2 per cent of current accounts. TSB reckons it can grow this to a 6 per cent market share, adding 1.5m customers to an existing 4.5m accounts.

On the mortgage lending front, TSB should enjoy a big fillip when starting to sell home loans via brokers early next year.

But Justin Modray from Candid Money describes the longer-term outlook as ‘mixed’ and says he is ‘ambivalent’ about the shares. ‘TSB’s mortgage book has a higher than usual exposure to interest-only mortgages, which could mean painful bad debts if the housing price bubble bursts,’ he says. ‘TSB will have to work hard to attract profitable customers.’ And he adds: ‘Overall, I am fairly ambivalent about buying the shares.
‘I doubt they will be a disaster and there is probably some reasonable potential longer term, but maybe the risks are too high for many mainstream investors.’

Investors will also have a reasonably high exposure to the banking sector via their existing pensions and stock market funds.

This week analysts at Oriel Securities reeled out a list of risks that threaten to thwart TSB’s ambitions. These include potential measures by the Bank of England’s Financial Policy Committee to cool the housing market – such as limiting loan-to-income ratios.

If interest rates remain low for a prolonged period, Oriel reckons many of TSB’s existing borrowers will be tempted to hang on to cheap standard variable deals, rather than switching to higher-margin fixed-rate loans.

Despite all the potential pitfalls, experts say TSB is well worth a punt for long-term investors with strong nerves.

Shares can be bought through most stockbrokers, including Killik, Charles Stanley and Hargreaves Lansdown. Hargreaves’ closing date for applications is June 17.

Read more: http://www.dailymail.co.uk/money/saving/article-2657374/Will-say-yes-discounted-TSB-shares-Lloyds-poised-sell-shares-eagerly-awaited-float.html

ExecLine - 14 Jun 2014 12:10 - 393 of 440

TSB is heavily reliant on the UK Housing Market. As such, I thought I would include a link to the following article which is quite relevant at this particular time:

House price growth predictions HALVED in London as eye-watering prices and stricter lending show signs of cooling the UK market

*New buyer enquiries rise at their slowest pace since February last year
*Banks must not 'throw petrol on the fire' with unsustainable lending, Vince Cable warns
*IMF warns that house prices are too high globally and need to be reined in
*Bank of England deputy governor Ben Broadbent raises concerns about rising house prices
*The booming property market is starting to show signs of calming down as potential buyers reject eye-watering prices and stricter mortgage rules take a grip, surveyors report.

Read more: Full article here

Martini - 17 Jun 2014 11:23 - 394 of 440

Well despite some misgivings I decided to have a punt on this. I mean what can go wrong with a bank? :)

kimoldfield - 17 Jun 2014 17:15 - 395 of 440

Oh dear! ;o)

dreamcatcher - 18 Aug 2014 20:42 - 396 of 440

Challenger bank Aldermore gearing up for float
Telegraph
By Ashley Armstrong | Telegraph – 1 hour 37 minutes ag

Fast-growing retail lender set to break the summertime lull for listings with stock market flotation in coming weeks

Challenger (SES: E1:573.SI - news) bank Aldermore is gearing up for a stock exchange listing which is likely to make it one of the first major companies to debut on London’s markets after a summertime lull.

A stock market listing is expected within weeks, valuing the retail bank at between £800m and £900m. Aldermore, which focuses on “straightforward banking” to individuals and small businesses, is expected to raise between £400m and £500m.

The mortgage lender stunned industry experts in April when it reported an almost 15-fold increase in its pre-tax profits for 2013 while its lending and deposits business jumped by almost two-thirds. The company, which is only five-years-old, made pre-tax profits of £22.4m last year, compared to just £1.5m in 2012. The double digit growth in Aldermore’s return on equity was higher than every other listed UK bank.

Aldermore, which is owned by private equity group AnaCap and backed by Honeywell Capital Management and Ohio Public Employees Retirement System, raised a further £40m from hedge funds Toscafund and Lansdowne Partners at the start of the year. At the time, the hedge fund injection valued the business at more than £450m.

Sources said that work on an imminent stock market listing was nearing completion although a definite launch time had not been confirmed with the company’s management yet.

A main market listing typically takes four weeks from its formal announcement to the actual start of trading on London’s stock exchange.

AnaCap remains the majority shareholder and has already brought in Credit Suisse and Deutsche Bank (Xetra: 514000 - news) to advise on a potential flotation. It is expected that other banks will be added to the roster to manage the listing.

Aldermore will follow the London float of JC Flower’s One Savings Bank, which was valued at £413m in a June, the first UK bank to list for more than a decade after the now defunct lender Bradford & Bingley’s IPO in 2000. Lloyds Banking Group’s spin-off of TSB followed a month later in a carefully managed £1.4bn stock exchange float.

London’s listing market is expected to revive next month but investors have already fired warnings that they will not be prepared to support the same lofty valuations that were achieved at the start of the year.

HARRYCAT - 03 Oct 2014 11:58 - 397 of 440

Miller Homes IPO:
"In light of the recent financial markets volatility, the Shareholders of Miller Group have elected not to proceed at this time with a public offering of Miller Homes. The Shareholders are excited to support Miller Homes in its next phase of growth as the Company builds upon the momentum evidenced in its recent operational and financial results."

Dil - 16 Oct 2014 18:54 - 401 of 440

That one looks interesting skinny.

Cheers

skinny - 27 Oct 2014 15:40 - 402 of 440

IPO tempts with mammoth dividend

midknight - 05 Nov 2014 11:18 - 403 of 440

Virgin Money IPO

midknight - 12 Nov 2014 10:42 - 404 of 440

Mortgage Advice Bureau IPO

midknight - 13 Nov 2014 10:45 - 405 of 440

Virgin IPO

HARRYCAT - 17 Nov 2014 08:25 - 406 of 440

Camden Market may be set to float, according to The Sunday Times.
The British hotspot was bought up by Israeli billionaire Teddy Sagi, who has spent more than £500m to become the market’s first single owner.
Sagi last month acquired Camden lock from investment company Brockton Capital and spent £400m to purchase Camden Stables earlier in the year.
The Israeli businessman is also thought to have appointed former gaming chief executive Charles Butler to lead his Camden property operation.

skinny - 17 Nov 2014 08:39 - 407 of 440

My son will be interested if it does - he loves the place.

HARRYCAT - 17 Nov 2014 08:54 - 408 of 440

I think it's a terrific place to visit. I think there are quite a few ways to get ripped off, but that always adds to the buzz!

midknight - 08 Jan 2015 10:53 - 409 of 440

Trainline.com first IPO of 2015

Martini - 09 Jan 2015 07:04 - 410 of 440

More on Trainline. I am interested in this one.

More information

ExecLine - 09 Jan 2015 09:57 - 411 of 440

Hmmm?

Quote: "TrainLine is almost as bad as the fake websites that sell government services for a fat fee on top of the actual cost. It charges a commission on top of the published price - this despite it getting the seller's 9% cut. Why people can't see this and not use it baffles me."

HARRYCAT - 09 Jan 2015 10:09 - 412 of 440

It is often cheaper than going direct to the operator's website. Regardless of who gets what in the way of profit / commission, as long as we (the public) get a cheaper price, seems like a no brainer to me.

dreamcatcher - 12 Jan 2015 15:12 - 413 of 440

Biotech business and tool hire firm join Trainline on the IPO track

By Andrew Neil

January 12 2015, 11:33am
Trainline, which sells tickets online and over the phone for the main train operating companies, has announced it is planning a £500mln float on the London Stock Exchange.
Trainline, which sells tickets online and over the phone for the main train operating companies, has announced it is planning a £500mln float on the London Stock Exchange.

Tool hirer HSS Hire Group and biotech business Redx Pharma are the latest firms to roll out their IPO plans.

Last week Trainline.com, the online train ticket retailer, started the 2015 IPO ball rolling when it unveiled its London flotation.

In a statement today, Liverpool-based drug developer Redx Pharma said it plans to raise £20mln when it floats on AIM in February.

Set up in 2010, the firm focuses on developing new treatments for cancer and infectious diseases by improving existing drugs to create best-in-class treatments.

Based at the former AstraZeneca site at Alderley Park, Cheshire, it already has a portfolio of 13 patent-protected drug programmes.

Already at the pre-clinical proof of concept stage are treatments for MRSA, bone tumours, skin, brain and blood cancers.

The biotech business has secured partnerships with AstraZeneca, the NHS and French laboratory Pierre Fabre in the past 18 months.

The money raised will help develop the pipeline of oncology and infectious disease assets and launch a third therapeutic subsidiary focused on immunology.

“We believe that Redx is now at the forefront of research into small molecule tumour immunology and cancer stem cells, as well as the critical threat of antimicrobial resistant infection,” said Neil Murray, chief executive.

The listing would value the firm in the region of £60-£80mln, reports today suggested. Dealing in the shares on the junior market is expected to start next month.

Meanwhile, UK tool and equipment renter HSS Hire hopes to raise more than £100mln through floating a quarter of its shares. In a statement today, the firm said it will use the proceeds to reduce its £200mln debt.

HSS, which claims to be the second-biggest supplier of hired tool and equipment in Britain, operates from 265 locations and has about 2,900 staff. The listing could give the firm a value close to £600mln.

midknight - 19 Jan 2015 10:47 - 414 of 440

John Laing returning to the market

Martini - 22 Jan 2015 19:48 - 415 of 440

Hmmm so much for the trainline float!

Martini - 23 Feb 2015 19:50 - 416 of 440

DFS on offer but I can't get excited by this. Any views?

skinny - 24 Feb 2015 07:20 - 417 of 440

Barge pole, touch, wouldn't?

My local DFS seems to have a constant near empty car park.

midknight - 24 Feb 2015 10:07 - 418 of 440

Aldermore plans to list in March

midknight - 25 Feb 2015 10:32 - 419 of 440

Prospectus and dates for Woodford Patient Capital Invstment Trust

skinny - 25 Feb 2015 16:03 - 420 of 440

This maybe of interest - IPO to target 8% dividend yield

midknight - 10 Mar 2015 10:46 - 421 of 440

Aldermore jumps 10% on first day of trading

midknight - 12 Mar 2015 10:23 - 422 of 440

Shawbrook to list in London

midknight - 01 Apr 2015 11:00 - 423 of 440

Shawbrook IPO

midknight - 16 Apr 2015 10:37 - 424 of 440

Adultery website plans London IPO

HARRYCAT - 02 Oct 2015 08:39 - 425 of 440

Equiniti: Intention to Float
Equiniti has today announced its intention to carry out an initial public offering (IPO) on the London Stock Exchange by issuing an intention to float announcement.

Full details of the Global Offer will be included in the prospectus expected to be published in due course. It is expected that Admission will take place in October 2015.

dreamcatcher - 02 Oct 2015 21:05 - 426 of 440

Ibstock (Brick maker ) has announced plans to float.

Martini - 12 Oct 2015 20:40 - 427 of 440

The Lloyds offer I am ambivalent about at present.

Do we know all their dirty tricks ?
Can I buy in an ISA wrapper?
5% to market and bonus in a year is it that good an offer?
Is high street banking some thing to take a 1 year stake in with so many other new entrants nibbling away at their profitable areas?
Will watch as a long way to go yet.

ExecLine - 12 Oct 2015 22:34 - 428 of 440

Anyone looking at the WorldPay IPO?

jimmy b - 13 Oct 2015 11:19 - 429 of 440

http://www.ft.com/cms/s/0/b7a3fc6c-717e-11e5-9b9e-690fdae72044.html#axzz3oRSJoUxC

ExecLine - 13 Oct 2015 12:46 - 430 of 440

Worldpay started conditional trading today Tuesday (ie. before shares are officially listed on the Stock Exchange which will be this Friday).

The Worldpay IPO price was priced at 240p.

The shares began conditional trading this morning at 245p and are now 251p.

dreamcatcher - 06 Jun 2016 17:51 - 431 of 440

ST of IC -

Accrol (ACRL:100p), a Blackburn-based maker of toilet rolls and tissues, which manufactures the Aldi ranges I have mentioned, is listing its shares on the Alternative Investment Market on Friday, 10 June.
I seriously think we could clean up with Accrol too, which is why the shares are well worth investing in close to the placing price of 100p. My initial target price of 130p could prove conservative. Buy.

I will put up a thread on Friday

kimoldfield - 07 Jun 2016 10:50 - 432 of 440

Hmm, could be on a roll with Accrol then! :o)

dreamcatcher - 07 Jun 2016 16:40 - 433 of 440

Or down the toilet . :-))

kimoldfield - 08 Jun 2016 16:49 - 434 of 440

:o)

HARRYCAT - 24 Aug 2016 13:49 - 435 of 440

"UK software startup LoopUp announced on Monday that it intends to IPO on the London Stock Exchange.

LoopUp is hoping to raise £9 million on the AIM market for its conferencing software, giving the company a valuation of £40 million to £45 million, according to The Financial Times.

The stock market listing will mark one of the first UK tech IPOs since the UK voted to leave the European Union.

LoopUp's software allows conference call administrators to identify where background noise is coming from. It also automatically dials in all participants when they have registered to take part in a call."

StockMarketWire.com
LoopUp Group started trading on AIM today with a market capitalisation of approximately £40.8m, following a successful placing with institutional and private investors, raising total gross proceeds of £8.5m at a placing price of 100 pence.

Co-chief executive Steve Flavell said: "The completion of the IPO process marks an important and exciting milestone on LoopUp's journey as a UK-headquartered and internationally-minded technology company, and provides a significant catalyst for our continued growth.

"The reception from investors has been positive and encouraging, and reinforces our belief that our differentiated product, business model and plans for the future provide the foundation needed to deliver on our potential as a public company.

"Our focus will continue to be on delivering an exceptional product and service to our customers around the world, supported by the funds we've raised and emboldened by the faith our new shareholders have placed in us. These are exciting times."

dreamcatcher - 14 Jan 2017 13:22 - 436 of 440

Vue cinemas - sometime in 2017(Rumour)

Vue Entertainment is part of Vue International - one of the world's leading cinema operators, managing the most respected brands in major European markets and Taiwan, spanning ten countries, 211 sites and 1,875 screens.

The flotation is expected to value the company at around £1.7bn.

The sharecentre - The CEO of the UK’s third largest chain of cinemas has big plans. Tim Richards launched his first cinema in the year 2000, in Livingston, Scotland, today there are 200 Vue Cinemas, 85 in the UK and Ireland, but Richards believes that within a few years there will be just three or four global players in the cinema business, and he wants Vue to be among them. It’s been a good few years for the film industry, Cineworld’s shares have roughly trebled in five years, although this year has not seen so much movement. But with another line-up of mega movies planned for 2017 – and the sequel to the most successful film ever – Avatar – planned for 2018, and with new technologies possibly set to transform the movie experience, it is set to be an interesting time for the cinema business. If the rumours about a VUE float prove true, then the money raised – after paying off the Canadian pension fund owner – would certainly help support Richards’ ambition.

HARRYCAT - 25 Jan 2017 10:07 - 437 of 440

JACKPOTJOY PLC AND INTERTAIN ANNOUNCE COMPLETION OF LONDON LISTING AND PLAN OF ARRANGEMENT

EXCHANGEABLE SHARES LISTED ON THE TSX

LONDON (UK) and TORONTO (Canada), January 25, 2017 - Jackpotjoy plc (LSE:JPJ), the largest online bingo-led operator in the world, and The Intertain Group Limited (TSX:ITX) today jointly announced that 73,718,943 ordinary shares of Jackpotjoy plc have been admitted to the standard listing segment of the Official List of the UK's Financial Conduct Authority and to trading on the Main Market for listed securities of the London Stock Exchange plc. The Jackpotjoy plc ordinary shares commenced trading at 8:00 a.m. (London time) under the ticker symbol "JPJ".

Jackpotjoy plc and Intertain also announced the completion of Intertain's previously-announced plan of arrangement. Intertain is now an indirect subsidiary of Jackpotjoy plc and the exchangeable shares issued by Intertain pursuant to the plan of arrangement are now listed on the Toronto Stock Exchange (the "TSX") and will commence trading today under the ticker symbol "ITX".

HARRYCAT - 24 Mar 2017 12:09 - 438 of 440

St. Peter Port, Guernsey, 23 March 2017 //‐ Pershing Square Holdings, Ltd. (ticker: PSH:NA) today announced that PSH intends to apply for admission of its ordinary shares to the Official List of the UK Listing Authority and to trading on the Main Market of the London Stock Exchange (“Admission”).
Following Admission, it is expected that PSH will be eligible for inclusion in the FTSE UK Index Series, including the FTSE All‐Share and FTSE 250 indices. The Company’s listing on Euronext Amsterdam will not be affected. Following Admission, investors will be able to trade PSH shares on both markets with PSH shares being quoted and traded in Sterling in London and in USD on Euronext Amsterdam.
PSH has decided to seek a premium listing in London in an effort to improve market access for investors, increase liquidity in PSH shares, and assist in narrowing the current discount to net asset value at which PSH shares trade.

mentor - 25 Jul 2017 09:33 - 439 of 440

Strix to float on AIM

Strix, a designer, manufacturer and supplier of kettle safety controls, intends to float on the AIM Market.

It said gross placing proceeds of up to £190 million are expected from the issue of new shares, which will be priced at 100p per share.

The net proceeds, in combination with new debt facilities, will provide an exit for the group's current investor group.

Strix is headquartered on the Isle of Man and has a market share of around 38% of the global kettle safety control market.

It said admission would enhance the profile of the business and provide permanent capital, enabling the company to strengthen its new product development capabilities.

The directors intend is to implement a progressive dividend policy, which will be based on a yield of 7% for the year ending 31 December 2017.

Admission to AIM is expected to occur on 8 August.

Mark Bartlett, chief executive of Strix, said: "Strix has a robust, highly cash generative business model. We have a growing global market share and in addition to the key OEMs in China, we work with a significant number of the best known brands and retailers worldwide. We look forward to becoming a public company and further growth of our business in existing and new markets."

HARRYCAT - 28 Jul 2017 07:29 - 440 of 440

Admission to Trading on AIM and First Day of Dealings
QUIZ, the omni-channel fast fashion womenswear company, is pleased to announce that Admission of its Ordinary Shares to trading on AIM, a market operated by the London Stock Exchange, will take place at 8.00am today, 28 July 2017. Dealings in the ordinary shares will commence under the ticker "QUIZ" with ISIN JE00BZ00SF59.

Upon Admission, the Company will have a market capitalisation of £200.0 million, following a successful Placing with institutional and private investors of QUIZ Ordinary Shares. Overall the Placing raised £102.7m of gross proceeds at a Placing Price of 161 pence: £92.1 million of gross proceeds for the Selling Shareholders and £10.6 million of gross proceeds for the Company, which will be used to accelerate its continued growth.

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