IPOs

Symetra withdraws IPO plans

The Puget Sound Business Journal (Free subscription) | yesterday

Safeco Corp. spinoff Symetra Financial Corp. has nixed its plans for an initial public offering of stock.

Pre-I.P.O. Deals May Sting Hedge Funds

DealBook (Free subscription) | yesterday

When the market for Chinese initial public offerings was still swinging, hedge funds fell over themselves to snap up stakes in promising start-ups before they hit the public markets, Reuters says. Now, those investments, known as pre-I.P.O. financing, could end up costing them, according to the news service. With Asian capital markets all but completely frozen, [...]

• Hedge Funds Backing Startups In China - Clickety Clack: Online Ad Blog

Hoovers: 87% fewer IPOs filed in Q3

The Sacramento Business Journal (Free subscription) | 10/09/2008

Only five U.S. companies filed initial public offerings in the third quarter, an 87 percent drop from the third quarter of 2007, according to Hoovers Inc. (ERII) (RAX)

• Hoovers: 87% fewer IPOs filed in the third quarter - The Business Courier of Cincinnati
• Report: 87% fewer IPOs filed in 3Q - The Charlotte Business Journal
• See the 15 articles on the same subject

A-Shares: CSRC Rumored To Suspend IPO Applications

Pacific Epoch (Free subscription) | yesterday

The Shanghai Composite Index fell 3.57% to close at 2,000.572, while the Shenzhen Composite Index sank 5.54% to close at 531.43 on Friday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 38.454 billion and RMB 15.628 billion, respectively. Shares of China United Travel (600358.SH),...

IPO Tracker: China's Beer Industry

Pacific Epoch (Free subscription) | yesterday

Ivy Cheng, Qi Jia Yue, beer, chenhao zhang, ipo tracker

Germany Delays National Railway IPO

Law Blog - WSJ.com (Free subscription) | yesterday

Germany postponed the IPO of its national railway, Deutsche Bahn, citing "extreme uncertainties" in markets.

Symetra cancels stock launch

Seattle Post-Intelligencer (Free subscription) | 4 hours ago

Symetra Financial officially cancels a planned stock sale, reflecting the weakness of the market generally and for IPOs in particular.

Berlin delays IPO of D Bahn unit

Financial Time (Free subscription) | 10/09/2008

Berlin was forced to postpone the sale of a quarter stake in the train operating unit of Deutsche Bahn, the state-owned railway

• Deutsche Bahn delays IPO amid market tumult - International Herald Tribune
• TRANSPORT: German government delays Deutsche Bahn IPO - France24
• See the 6 articles on the same subject

Germany postpones Deutsche Bahn IPO

International Herald Tribune (Free subscription) | 10/09/2008

The initial public offering of shares in the German rail operator Deutsche Bahn has been postponed until market conditions improve, the German finance ministry confirmed on Thursday.

• Report: Germany delays rail flotation until stocks steady - The Earth Times Online Newspaper
• Report: Germany delays rail flotation until stocks steady - The Earth Times Online Newspaper

IPO Withdrawal: Value Financial Services, A Pawn Shop

24/7 Wall St. (Free subscription) | 10/09/2008

A firm called Value Financial Services, inc. has just pulled its pending initial public offering today. The reasons should be evident enough as to why, but it said it is requesting withdrawal for various business and market reasons. This one has apparently been a pending IPO forever as it originally filed for an IPO in August 2007. As we noted at the time of the filing, this company is a pawn shop...

Deutsche Bahn IPO hits the buffers

Scotsman.com (Free subscription) | yesterday

THE initial public offering (IPO) of Deutsche Bahn, the German rail operator, could take place next spring, sources said yesterday.The German government delayed the planned partial privatisation of the rail operator, which had been due to take place on 27 October, due to "extreme turbulence and uncertainty on global financial markets".Sources said the German government had hoped to raise 4.5 billion...

• TRANSPORT: German government delays Deutsche Bahn IPO - France24
• Deutsche Bahn delays IPO amid market tumult - International Herald Tribune
• See the 4 articles on the same subject

Germany Delays Deutsche Bahn IPO

Law Blog - WSJ.com (Free subscription) | 10/09/2008

At the same time, Berlin had been counting on the IPO proceeds to help bankroll its budget next year, as an economic slowdown in Europe's largest economy threatens to shrink tax revenue. Further hiking potential financial obligations, German authorities in recent days moved to guarantee domestic bank deposits and brokered a €50 billion credit line for the troubled bank AG.

iPO Reports - SonicSwap Relaunches with Dramatically Faster Uploads

iPod Observer (Free subscription) | yesterday

SonicSwap has announced that they've relaunched their service with dramatically improved playlist upload times and a "mashup" service that automatically ties a song in iTunes to its music video counterpart on YouTube.

Stock market slump forces Chinese duo to shelve IPOs

lloydslist.com (Free subscription) | yesterday

NINGBO Port and bulk ship and tanker owner North China Shipping Holdings are both postponing their listing plans indefinitely.

Major Russian Newspaper Confirms Delay of Yandex IPO

Profy.Com (Free subscription) | 10/09/2008

We have recently discussed a lot the possibility of an initial public offering for Yandex, the major Russian search engine and provider of various internet services. Initially Yandex was planning an IPO on NASDAQ for some time this fall - yet we suggested that it was not actually wise with the negative reaction to the conflict between Georgia and Russia. The opinion that the background was not quite...

Chery Auto plans IPO by year-end

kellywangman | 07/29/2008

Chery Auto plans IPO by year-end By Ally From:Gasgoo.com July 29, 2008 Shanghai, July 29 (Gasgoo.com) Chery Automobile Co is preparing to go public before the end of this year at the latest, company Chairman said, according to the Economic Observer newspaper. "We have had our IPO date postponed repeatedly amid share market gloom, but it will be come no later than the year-end," Yin Tongyao said. Yin

• Chery plans IPO by year-end - Gasgoo.com