SoftBank is urging WeWork to shelve its hotly anticipated IPO after it received a cool reception from investors, the Financial Times is reporting. We Co advisers were testing investor appetite at a valuation between $15 billion and $20 billion, far below the $47 billion given to SoftBank when it invested earlier this year, the FT said.
Canopy Rivers, the venture capital arm of Canadian cannabis producer Canopy Growth Corp, will begin trading September 9, 2019 on the Toronto Stock Exchange. The stock will list under the ticker symbol "RIV." Narbe Alexandrian is serving as president and CEO of Canopy Rivers.
French glass maker Verallia is preparing to list its IPO in Paris this year, reported Reuters. The listing could value the company at about $5 billion. Verallia is backed by Apollo.
Laval, Québec-based clinical-stage biopharmaceutical company Bellus Health Inc has filed for a US$60 million public offering and to list on the NASDAQ under the ticker symbol "BLU." Jefferies, Cowen and Guggenheim are serving as lead underwriters. Bellus Health's backers include OrbiMed Advisors LLC, Power Corporation of Canada, Rocabe Investments Inc., New Leaf Venture Partners, First Manhattan Co and Samsara BioCapital.
EQT’s long awaited IPO is expected to launch in coming days in a deal that will likely value the Swedish buyout firm at around 4 billion euros ($4.5 billion), Reuters reported. EQT has tapped JP Morgan and SEB as global coordinators for the Stockholm listing, while Goldman Sachs, Morgan Stanley, UBS and Nordea are joint bookrunners, the story said.
Carlyle Group is considering listing Addison Lee in the U.S. after a sale process generated muted interest, Bloomberg reported. Carlyle is seeking to sell the London minicab company into a SPAC, the story said. Carlyle is working with Jefferies Financial Group and Cowen on the potential listing, Bloomberg said.
McAfee has hired Morgan Stanley and Bank of America for an IPO that is slated for later this fall, Bloomberg reported. McAfee is backed by Intel as well as PE firms TPG and Thoma Bravo.
Permira is expected to take TeamViewer public this year, according to Bloomberg. TeamViewer, a software maker, could seek a valuation of 4 billion euros ($4.4 billion) to 5 billion euros with the IPO that will see Permira selling shares, the story said.
Cole Haan, the shoemaker backed by Apax Partners, is preparing to go public, Bloomberg reported. Cole Haan is beginning discussions with investment banks, the story said.
Datadog, a monitoring and analytics platform for developers, IT operations teams and business users, has filed for an IPO. The company plans on trading the stock on the NASDAQ under the ticker symbol "DDOG." Morgan Stanley, Goldman Sachs, J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC are serving as the lead underwriters. Datadog's backers include ICONIQ Capital, Index Ventures, OpenView Ventures, Amplify Partners and Contour Ventures.