Mindbody IPO Continues In Recent Fitness Trend

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On the tail of FitBit’s IPO filing last week, brokerdealer.com blog update profiles fitness software company, Mindbody, filing for its own IPO, on Monday, May 11, 2015. Mindbody is a cloud-based software provider in the health, wellness and beauty industries. Their software is most commonly used in fitness-centered businesses such as gyms and yoga studios. Mindbody’s initial primary focus was on business management software for wellness and fitness boutiques, when it was founded in 1998, and since then they have expanded to spas and beauty salons as well. The way the business works is businesses, such as gyms, spas, and yoga studios, pay a monthly fee to use the software. Mindbody currently serves more than 42,000 local business subscribers in 124 countries and territories.

The Mindbody IPO will be listed under the symbol MB, but has not selected an exchange yet. Morgan Stanley, Credit Suisse and UBS Investment Bank are the joint bookrunners on the deal. No pricing terms were disclosed.

This update is courtesy of the Pacific Coast Business Times’ article by Elijah Brumback, “Mindbody targets global expansion with IPO“. An excerpt of the article is below.

Mindbody, best known for its business management software for health and wellness companies, is going public with a target of raising $100 million.

In a deal that’s been heralded as the first non-bank stock offering in decades for a company based in San Luis Obispo, Mindbody filed its offering statement with the Securities and Exchange Commission on May 11.

An IPO has long been expected for the growing company, which recently debuted its new headquarters complex located on Tank Farm Road near the SLO airport. The company counts 42,000 local business subscribers in 124 countries, with revenues of $70 million in 2014.

Company CEO Rick Stollmeyer, who owns just over 11.2 percent of the firm, told the Business Times going public will help push the software firm’s global expansion.

“Our mission is to help wellness-based businesses be more successful,” he said. “This [IPO] enables us to do even more of that.”

After years of development, Mindbody rolled out a major corporate wellness platform last year and raised almost $100 million in venture capital to become San Luis Obispo County’s 11th-largest employer and fourth-largest private-sector job creator with about 900 employees on the Central Coast. The company’s headcount is expected to grow to roughly 1,100 in the next several years.

To continue reading about Mindbody’s IPO filing, click here.

 

Brombardier’s IPO Hope To Demonstrate Company’s Real Value

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Brokerdealer.com blog update profiling Brombardier’s plan to launch an IPO for its train unit. Bombardier is a Canadian multinational aerospace and transportation company, founded by Joseph-Armand Bombardier. This will push the company into an even better finacial postion after it raised $3 billion earlier this year.  They also hope by launching this IPO they can demonstrate the strength the rail unit has after its valuation suffered from being paired with the struggling aerospace division. This update is courtesy of the Wall Street Journal’s article, “Bombardier Plans IPO for Transportation Unit” by Ben Dummett, with an excerpt from the article below.

Bombardier Inc. said Thursday it was preparing to spin off a minority stake in its train business, a move that would create another big publicly traded train maker in Europe while helping the Canadian company to shore up its balance sheet as it continues to work on bringing its troubled CSeries jet to market.

The planned initial public offering of Bombardier Transportation marks Chief Executive Alain Bellemare’s first strategic move since Bombardier tapped the former United Technologies Corp. executive in February to help revive its fortunes. Bombardier has bet much of its future growth on its new CSeries commercial jet, but costly delays have delayed the aircraft’s launch, prompting the management shakeup and a strategic review of operations to generate efficiencies.

Family-controlled Bombardier plans to sell a minority stake in Bombardier Transportation in an IPO in the fourth quarter, and list the shares in Germany where the business is based. The business would compete for investor attention with two other listed train makers in Europe: Germany’s Siemens AG and France’s Alstom S.A.

The sale will enable Montreal-based Bombardier, meanwhile, to further bolster its financial position after it raised about $3 billion earlier this year from an issue of new debt and equity. An IPO would also, the company hopes, demonstrate the rail unit’s real value. The business’s valuation has suffered because it is paired with the struggling aerospace division.

To continue reading about this IPO, which will be launched in Germany, click here.

On The Menu This Week: Bojangles IPO Launches On Friday

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About a month ago, Brokerdealer.com’s blog update covered the southern comfort fast food chain based out of North Carolina, Bojangles, announcement that it would be going public with an IPO after 38 years. On Friday, May 8,2015, Bojangles will officially launch its IPO under the ticker BOJA on the NASDAQ. There are several other IPOs coming out on the menu this week ranging in a wide variety of industries, but Bojangles has set itself apart from the rest.

To learn what sets Bojangles apart from the rest continue reading below and then contact a brokerdealer to invest in this hot new IPO yourself. 

This brokerdealer.com blog update is courtesy of Benzinga’s article, “IPO Outlook: Down-Home Cookin’, Fast-Casual Bojangles’ Sizzles Investors“, with an excerpt below. 

To say it’s a jam-packed week for the IPO market is an understatement. With twelve IPOs scheduled – ranging from biotechs, REITs, MLPs and a hot restaurant – investors have quite a menu to choose from.

Southeastern restaurant chain Bojangles’ Restaurants, Inc. (NASDAQ: BOJA) plans to raise $122 million through 6.3 million shares expecting to price between $15 and $17 on Friday.

Bojangles’ will trade on the NASDAQ under the ticker BOJA.

It’s Bo Time

Charlotte, North Carolina-based Bojangles’ joins the other fast-casual restaurants that recently tapped the public markets due to both consumer and investor strong enthusiasm.

The company started in 1977 with a menu centered on “chicken ‘n biscuits” and since has remained relatively unchanged. To put it in context, Bojangles’s is the chicken joint to the Southern realm eateries what Shake Shack Inc SHAK 1.52% is to the burger space in metropolitan areas.

What Makes The ‘Bo Difference’

The company has what it calls the “Bo Difference,” allowing it to grow profits and create a loyal customer base. Its self-described high quality, tasty Southern food is characterized by breakfast biscuits, never frozen bone-in fried chicken, dirty rice, sandwiches, wraps, unique fixin’s, legendary iced tea and its Bo Smart menu.

Bojangles’ five meal offerings include breakfast, lunch, snack, dinner and after dinner. Its decision to serve breakfast all day, every day, gives it an edge over its competitors that typically serve breakfast for a limited time or start service with lunch. This edge has paid off as Bojangles’ says in its S-1 that it generates 38 percent of its revenue from 11 a.m. to closing (typically 11 p.m.), or $650,000 on average just from breakfast alone.

To continue reading about this sizzling southern IPO, click here.

 

Australia’s IPO Listing Is Complete Opposite From One Year Ago

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Brokerdealer.com blog update profiles the low number of IPOs Australia has produced. After a record setting year in 2014, Australia’s list of IPOs has dropped dramatically. An article from DNA India’s titled “After record IPO year, Australian listings shrink to almost nothing“, highlights several possibilities as to why the drop in IPOs could be. An excerpt from the article is below.

Australian IPOs have virtually dried up after a record year, taking their cue from a subdued stock market as investors fret about the country’s commodities bust and China’s weakening economy.

After an unprecedented $15 billion of initial public offerings last year, companies raised $327 million in January-to-March, Thomson Reuters data shows. That’s down 96% from a year earlier and a fraction of the $7.5 billion
in the previous quarter. The drop-off reflects the skittish mood in Australian equities. While the market bounced 7% in January following a weak 2014 finish, it has since failed to make headway as investors shrug off record low
interest rates and watch the all-important iron ore price sink.

The average size of an IPO in the March quarter was $30 million, down from $270 million in the December quarter and $100 million a year earlier. Last year, many private equity firms offloaded assets they had held since the aftermath of the global financial crisis. This year has been marked by just one big listing and a spate of tiny IPOs by small companies. “We’ve had a very long bull market since the bottom in ’08, and we find it hard to find value,” said Geoff Wilson, chairman of Wilson Asset Management, which bought shares in Monday’s market debutant MYOB.

To continue reading about the fall in Australian IPOs, click here.

McGraw-Hill Education IPO Could Be Here Just In Time For Back To School

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The school year may be winding down but investors are already looking forward to the back to school season for a likely launch of textbook company, McGraw-Hill Education’s initial public offering. Brokerdealer.com blog update profiles one of the largest educational publishers in the world, McGraw-Hill Education, and the rumors surrounding around the likelihood that they will be launching an IPO just in time for the new school year. This brokerdealer.com blog update is courtesy of Fortune and their article, “McGraw-Hill Education said to be preparing for IPO“, with an excerpt below.  

McGraw-Hill Education is planning an initial public offering (IPO) as early as the fourth quarter of this year, potentially valuing the textbook company at around $5 billion, including debt, according to people familiar with the matter.

The company’s owner, private equity firm Apollo Global Management, has held talks with investment banks about the IPO, though their underwriter roles will not be finalized before the summer, four people said this week.

McGraw-Hill Education would aim to go public near the end of the year, following the back-to-school season when it generates the bulk of its revenue through textbook sales, the people added.

A spokesman for McGraw-Hill Education did not immediately respond to a request for a comment, while a spokesman for Apollo declined to comment.

New York-based company McGraw-Hill Education is one of the largest educational publishers in the world, selling textbooks for school and university students and professionals in about 60 languages. It competes withPearson Plcand Cengage Learning Inc, and, like its peers, has sought to make most of its offerings available on the Internet as more people read books on tablets and phones.

To continue reading about McGraw-Hill Education’s IPO, click here.