IPOs
UPDATE 1-IAC prices debt ahead of spin-offs
NEW YORK, July 18 (Reuters) - Barry Diller's Internet conglomerate IAC/InterActiveCorp said on Friday it has entered into agreements for the placing of $840 million in bonds and $1.15 billion in senior credit facilities for three of its upcoming spin-offs. Full Article
Fannie Mae, Freddie Mac bill sale calendar
July 18 (Reuters) - The following is a list of scheduled U.S. agency bill sales from Fannie Mae and Freddie Mac for 2008. Freddie Mac settlement dates for its bill sales will be available the day those offerings are announced. *=Bills have been priced AGENCY TYPE OF BILLS ANNOUNCEMENT PRICING SETTLEMENT JULY ISSUES: Freddie Mac 3-month/6-month/12-month July 18 July 21 July 22 Fannie Mae 3-month/6-month July 21 July 23 NA Freddie Mac 3-month Full Article
Cox Enterprises is buying online advertising firm Adify for at least $300 million -- not a bad multiple on expected 2008 revenues of $35 million. Go to Blog
Top Global IPOs
Closed last week (5 Jul to 11 Jul 2008)
| Company | Country | Completed | Amount Raised $M |
|---|---|---|---|
| Damas International Ltd | United Arab Emirates | 8-Jul | 270.6 |
| Lier Chemical Co Ltd | China | 8-Jul | 79.6 |
| SinoMedia Holding Ltd | China | 8-Jul | 47.0 |
| Kertas Basuki Rachmat Indonesia Tbk PT | Indonesia | 11-Jul | 39.4 |
| Prime Office A/S | Denmark | 10-Jul | 23.3 |
| Tianyi Fruit Holdings Ltd | Cayman Islands | 10-Jul | 20.2 |
| Heng Long International Ltd | Singapore | 9-Jul | 17.0 |
| Suprema Inc | South Korea | 11-Jul | 16.3 |
| First Winner Industries Ltd | India | 8-Jul | 15.9 |
| Apac Coal Ltd | Australia | 10-Jul | 14.4 |
Top Industries: Global IPOs
Announced in the last 13 weeks (12 Apr to 11 Jul 2008)
| Industry | Deals | Value $M |
|---|---|---|
| Energy | 35 | 5,122.5 |
| Financials | 85 | 3,681.3 |
| Industrials | 53 | 3,240.9 |
| Cyclical Consumer Goods / Services | 46 | 2,019.0 |
| Basic Materials | 63 | 1,590.1 |
| Technology | 34 | 1,220.4 |
| Telecommunications Services | 10 | 385.7 |
| Non-Cyclical Consumer Goods / Services | 21 | 198.0 |
| Healthcare | 23 | 194.2 |
| Utilities | 4 | 129.0 |
You can't get along in this world by being nice to everyone.
Shrinking market sends Japan Inc buying abroad
TOKYO (Reuters) - Japanese companies are turning increasingly to overseas acquisitions to drive growth, buy technology and build market share, spurred by a stagnant domestic economy, shrinking population and largely unburdened by subprime credit damage. Full Article
