Broker Dealers Prepare For Freaky Fast Delivery IPO Courtesy Of Jimmy John’s

Posted on May 27, 2015May 26, 2015 by admin

Jimmy John’s is a franchised sandwich restaurant chain, specializing in “freaky fast” delivery and is based out of Champaign, Illinois. Jimmy John’s is currently owned by Jimmy John Liautaud and Weston presidio. Brokerdealer.com blog update profiles as this sandwich restuarant chain reportedly gears up to launch an IPO. The chain has been around since 1983 but has only recently grew in popularity, currently there are more than 2,000 locations in 43 states. This Brokerdealer.com blog update is courtesy of Reuters’ article, “Exclusive: Gourmet sandwich chain Jimmy John’s prepares IPO – sources“, with an excerpt below.

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Jimmy John’s Franchise LLC is preparing for an initial public offering that could value the popular U.S. gourmet sandwich chain at more than $2 billion, including debt, according to people familiar with the matter.

Jimmy John’s, which is owned by founder Jimmy John Liautaud as well as private equity firm Weston Presidio, is interviewing investment banks to serve as underwriters for an IPO that could come later this year, three people said.

Jimmy John’s has annual earnings before interest, tax, depreciation and amortization of roughly $150 million, the people added.

The sources asked not to be identified because the deliberations are confidential. Representatives of Jimmy John’s and Weston Presidio did not respond to requests for comment.

To continue reading about Jimmy John’s likely IPO happening later this year, click here.

Brace For Impact: China Nuclear Firm Plans For Explosive IPO

Posted on May 26, 2015May 25, 2015 by admin

Brokerdealer.com blog update profiles an explosive IPO coming from a top China nuclear power giant, China National Nuclear Power Corp. The nuclear power giant is hoping to raise as much as $2.16 billion, making it China’s largest IPO in the last five years. This IPO follows China’s recent efforts to move away from coal as power source. The China Securities Regulatory Commission approved the IPO on Friday, 22, 2014, and the launch date for CNNPC’s IPO is scheduled for June 2, 2015. This blog update is courtesy of the Wall Street Journal’s article, “China Nuclear Firm Plans Biggest Domestic IPO in 5 Years” by Yifan Xie, with an excerpt below.

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China National Nuclear Power Corp., one of the top two state nuclear-power giants, will raise as much as $2.16 billion in what is set to be the country’s largest domestic initial public offering in five years.

CNNPC plans to sell up to 3.89 billion new shares, or a quarter of its total, in the sale, according to its IPO prospectus, filed to the Shanghai Stock Exchange on Monday. The offering’s expected launch date is June 2.

The share float is poised to be the largest in the domestic market since China Everbright Bank Co. raised $2.6 billion in Shanghai in August 2010, according to data provided by Dealogic.

China National Nuclear Group holds a 97% stake in CNNPC. About 40% of China’s total nuclear energy is generated by operators controlled by CNNPC. Excluding issuance-related fees, the firm will raise 13.4 billion yuan ($2.16 billion), according to the prospectus. CNNPC will allocate 4.18 billion yuan of the raised capital to replenish its holdings of cash, and will invest the rest in the construction of projects in Fujian, Zhejiang, Hainan and Jiangsu provinces. Citic Securities, UBS AG and China Securities are the underwriters for the deal.

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Spotify Preps For Rumored IPO With Videos And New Services

Posted on May 21, 2015May 21, 2015 by admin

As rumors continue to circulate about whether or not Spotify, a commercial music streaming company, will launch an IPO later this year, more and more seem to believe that they will launch as they make large changes to their services. Originally from Sweden, Spotify, is available in 58 countries and is currently the leading provider of streaming music by subscription. It offers millions of songs in two versions: free with advertising, and an all-access paid version that in most countries costs about $10 a month. Spotify currently has around 60 million users around the world, 15 million of which pay. As for now Spotify hasn’t announced plans for an IPO and refuses to comment on the matter but most speculators think it is in our near future. This brokerdealer.com blog update profiles the new services Spotify is adding that could help boost the company for an IPO. This update is courtesy of The New York Post’s article, “Spotify launching video, news services ahead of IPO” by Claire Atkinson, with an excerpt below.

Let’s go to the video, Spotify’s chief exec says.

The world’s biggest audio music streamer, with 60 million active users, said Wednesday it decided to broaden its offering, in part to capitalize on Americans’ long commutes, Spotify’s CEO told The Post in a private interview.

“A lot of Americans are sitting in their cars for a long time,” explained CEO Daniel Ek, who was in New York to announce at a press conference a slew of new business initiatives with the help of Tiësto, D’Angelo and Questlove.

“Tens of millions had connected to Spotify via Bluetooth but they still didn’t play music their entire drive,” said Ek, adding that heavy Spotify users wanted news, weather, traffic and podcasts, too, so he approached content providers about what they could offer.

The streaming music giant wants to expand its user base in advance of a much-hyped IPO, looking to take on the likes of Snapchat, YouTube and Facebook with a collection of video clips.

To continue reading about the changes in services for Spotify as they could soon launch an IPO, click here.

AppFolio Follows The Tech Trend And Files For IPO

Posted on May 19, 2015May 19, 2015 by admin

With two tech companies already set to launch their IPOs this week, another tech company has filed for an IPO, on Monday, May 18, 2015, with the SEC. AppFolio is most known for its web-based real estate property management system. That allows property managers to market and manage their portfolio. It includes accounting and property management functions with the ability to email work-orders, owner statements and resident communications. AppFolio are hoping to raise up to $100 million from this IPO. This IPO update is courtesy of Reuters Canada’s article, “Property management software maker AppFolio files for IPO“, with ab excerpt below.

AppFolio Inc, a maker of online property management software, filed with U.S. regulators on Monday for an initial public offering of common stock.

Morgan Stanley, Credit Suisse, Pacific Crest Securities and William Blair are underwriters to the IPO.

The California-based company, whose investors include BV Capital and IGSB, provides software to small and medium-sized property managers and also offers legal software for small law firms under the brand “MyCase”.

AppFolio’s revenue rose 61 percent to $15.8 million for the quarter ended March 31. Net loss widened to $3.6 million from $1.2 million a year earlier.

To read more on the AppFolio IPO filing, click here.

5 IPOs To Launch This Week, Raising Close To $1 Billion

Posted on May 18, 2015May 18, 2015 by admin

Brokerdealer.com blog update profiles the 5 IPOs that are suppose to launch this week. With 2 IPOs being tech IPOs, the total for this week’s launches could be close to $1 billion. This update is courtesy of Renaissance Capital with excerpts below, highlighting each of the IPOs.

To get in on the IPO action yourself, find a brokerdealer to work with you and your needs.

Black Knight Financial Services (BKFS) is the leading provider of automated solutions for mortgage servicing and originations. Spun out of Fidelity National Finance (NYSE: FNF), Black Knight’s platform is used by the top 25 US mortgage servicers and 23 of the 25 largest US mortgage originators. The company’s dominant market position only encourages more customers to use its platform to mitigate mortgage risk.

Shopify (SHOP) is this week’s high-growth IPO. Backed by Bessemer, First Mark and Insight Venture Partners, the company has more than doubled revenue in each of the last 2 years, and sales rose 109% in the 1Q15. The SaaS provider targets 10 million small and medium businesses trying to manage online stores.

Baozun (BZUN) is the leading provider of brand e-commerce solutions in China with a 20% market share. Backed by Alibaba (BABA), Goldman Sachs and others, it operates in the $4 billion outsourced Chinese e-commerce solutions industry, which is expected to grow at about a 55% CAGR through 2017. It has attracted blue-chip customers like Nike and Microsoft while rapidly growing transaction volumes on its platform. However, investors should be conscious of Baozun’s relatively high customer concentration current lack of positive free cash flow.

Press Ganey (PGND) operates in the nearly-$4 billion market for improving patient satisfaction at health care organizations. LBO’d by Vestar Capital Partners in 2008 for a reported $675 million, the company benefits from incentives under the Affordable Care Act that drive health care to become more consumer-focused. Press Ganey has established itself as the market leader in surveying patients, but also pitches its ability to leverage patient data into an analytics platform that recommends hospital best practices.

Community Healthcare Trust (CHCT) is a newly-formed REIT targeting an initial portfolio of 35 health care-focused properties, including non-urban clinics and surgery centers. Aside from its relatively high initial yield of 7.5%, investors may be betting that CEO Timothy Wallace will leverage his public company experience as former co-founder and EVP of Healthcare Realty Trust (NYSE: HR).

To read Renaissance Capital’s complete coverage on this week’s IPO, click here