MOGU Inc, an online fashion and lifestyle marketplace in China, has raised $66.5 million for its IPO after pricing its 4.75 million shares at $14 per share. The stock began trading December 6, 2018 on the New York Stock Exchange under the ticker symbol "MOGU." Morgan Stanley, Credit Suisse Securities (USA) LLC and China Renaissance Securities (Hong Kong) Limited are the lead underwriters. MOGU's pre-IPO backers include Tencent and Hillhouse Capital.
Canada Goose Holdings Inc (TSX, NYSE: GOOS), a Toronto-based luxury outdoor apparel business, said it intends to offer for sale 10 million subordinate voting shares. The secondary offering, which has not yet been priced, will see the shares sold by U.S. private equity firm Bain Capital and other investors. Bain acquired Canada Goose in 2013 and continued as the company's majority shareholder after last year's initial public offering. Bain will hold a 60.5 percent interest following the offering's completion, according to the preliminary prospectus.
H.I.G. Capital is considering taking Lionbridge, a translation software company, public, Financial Review is reporting. H.I.G. is taking pitches from investment banks to oversee the potential listing, the story said. Lionbridge could be worth north of $500 million; banks expected to pitch include UBS, Credit Suisse and Morgan Stanley, Financial Review said.
Brazil’s XP Investimentos SA is considering an initial public offering (IPO) on the U.S.-based Nasdaq stock exchange, the financial services firm said on Monday.
New Mountain Capital is considering taking its portfolio company, chemicals maker Avantor Inc, public in 2019, Bloomberg reported. New Mountain is considering options for Avantor, which include refinancing its debt, the story said. Avantor has about $9.4 billion in total debt, Bloomberg said.
Beyond Meat Inc has filed to go public. The El Segundo, California vegan meat company did not disclose how many shares it would sell or their price range. That will come in future filings. Beyond Meat is expected to list on the Nasdaq, under the ticker BYND. Investors include Kleiner Perkins Caufield & Byers, Obvious Ventures, Tyson Foods and Twitter Co-founder Biz Stone, according to a Nov. 16 SEC filling.
Canadian gaming and entertainment operator Gateway Casinos & Entertainment Ltd has filed for an initial public offering with the U.S. Securities and Exchange Commission to list its shares on the New York Stock Exchange, Reuters reported. The company set a placeholder amount of US$100 million to indicate the size of the IPO. Vancouver-based Gateway, which recorded total revenue of $484.3 million in the first nine months of 2018, said all shares in the IPO will be sold by shareholders and it does not expect to receive any of the net proceeds from the sale. Its biggest investor is Catalyst Capital Group, a Canadian private equity firm, which acquired Gateway in 2010.
Exeter, New Hampshire-based Vapotherm, a maker of advanced respiratory care devices, raised $56 million for its IPO after pricing its 4 million shares at $14 per share. The stock began trading November 14, 2018 on the New York Stock Exchange under the ticker symbol "VAPO." BofA Merrill Lynch and William Blair are the lead underwriters. Vapotherm's pre-IPO backers include Gilde Healthcare Partners, Adage Capital Management, 3×5 Special Opportunity Fund, Morgenthaler Ventures, QuestMark Partners and Cross Creek Capital.
Valedo Partners and General Atlantic are considering taking Joe & the Juice public in the U.S. toward the end of 2019, Bloomberg is reporting. Joe & the Juice, of Cophenhagen, could command a $1.5 billion valuation, the story said.
StoneCo Ltd, a Brazilian provider of financial technology solutions, has debuted its IPO after pricing its over 50 million shares at $24 per share. The stock began trading on the NASDAQ under the ticker symbol “STNE.” Goldman Sachs, J.P. Morgan Securities LLC and Citigroup Global Markets are the global coordinators on the IPO. Stone’s pre-IPO backers include Madrone Capital Partners and Tiger Global.