Haymaker Acquisition Corp, a blank check acquisition company formed by Steve Heyer, ex-CEO of Starwood Hotels, has raised $300 million for its IPO after pricing its 30 million shares at $10 per share. The stock began trading October 25, 2017 on the NASDAQ under the ticker symbol "HYACU." Cantor Fitzgerald is the lead underwriter.
Canadian apparel and lifestyle brand Roots Corp has wrapped up its initial public offering and will commence trading on the Toronto Stock Exchange under the symbol "ROOT". The IPO raised more than $200 million in proceeds, most of which will go to selling shareholders, including U.S. private equity firm Searchlight Capital Partners, which acquired Roots in 2015. Exercise of the IPO's greenshoe option may increase the amount raised to as much as $230 million. As a result, Searchlight will reduce its ownership of the company to 47.7 percent of issued and outstanding shares, or 42.9 percent if the greenshoe option is exercised, according to the prospectus.
Stakeholders in Austria’s BAWAG (BAWG.VI), the former trade union bank bought by U.S. private equity firm Cerberus Capital Management [CBS.UL], have raised 1.9 billion euros in Austria’s biggest ever listing, capping a decade-long turnaround, Reuters reported.
British broadcast and mobile masts company Arqiva plans to raise around 1.5 billion pounds (US$2 billion) in the biggest initial public offering in London so far in 2017, Reuters reported. After 2.6 billion pounds worth of debt held by shareholders is converted into equity, Arqiva’s implied enterprise value, which includes debt, could be around 6 billion pounds, a source said. The listing of at least 25 percent of Arqiva is expected to be the largest in terms of proceeds in London so far this year, although its shareholders, including Canada Pension Plan Investment Board and Macquarie Infrastructure Fund, only intend to sell shares through an over-allotment option of up to 15 percent.
Canadian steel maker Stelco Holdings Inc expects its initial public offering to be priced between C$16 to C$18 per share, raising about C$200 million ($158 million) at the mid-point, Reuters reported.
Canadian steelmaker Stelco Holdings Inc expects its initial public offering to be priced between $16 to $18 per share, raising about $200 million (US$158 million) at the mid-point, Reuters reported. The company, owned by U.S. private equity firm Bedrock Industries, plans to offer between 11.11 million and 12.50 million of common shares. Stelco, which is emerging from its second bankruptcy in 13 years, will list on the Toronto Stock Exchange under the symbol “STLC”.
British broadcast and mobile masts company Arqiva plans to raise around 1.5 billion pounds ($2 billion) in the biggest initial public offering (IPO) in London so far in 2017, Reuters reported.
Shanghai-based coworking space startup Naked Hub said on Friday it plans to go public in Hong Kong after a fresh round of fundraising next year, potentially adding more Chinese “new economy” companies to the Asian financial hub’s stock exchange.
The main investor in German metals recycling group Befesa is planning to sell shares worth up to 707 million euros ($835 million) when the company joins the Frankfurt stock market next month, it said in a statement on Friday.
Vertex Resource Group Ltd, a Sherwood Park, Alberta-based provider of environmental and industrial services, has completed an $85.8 million qualifying transaction on the TSX Venture Exchange. The deal, which saw Vertex amalgamate with capital pool company Vier Capital Corp, allowed Vertex to begin trading on the exchange this week. Canadian private equity firm 32 Degrees Capital acquired about 19.41 percent of issued and outstanding shares as part of the qualifying transaction. Founded in 1976, Vertex provides a range of project services to oil and gas, utilities, telecommunications, forestry, agriculture and other industries.