Category: IPO

Vietnamese biggest brewer, Sabeco debuts on HOSE with shares jump 20 percent

Beer drinkers in Vietnam may have a little more to celebrate as the local brew – Saigon Beer Alcohol Beverage JSC (Sabeco) has officially posted its 641,281,186 shares at the HCMC Stock Exchange (HOSE) under the code SAB.

The shares are traded at the starting price of VND 110,000 per share (about US$ 4.80) and by the end of the first trading day, Sabeco stocks have jumped to its maximum of 20 percent up to VND 132,000 per share.

This news has excited local and foreign investors, many of whom have been waiting for further shares to become available since Sabeco initial public offering in 2008. Both events are considered separate in Vietnam.

Sabeco’s market value has also increased to 83.4 trillion dong (about US$3.6 million). This market capitalization ranked the company as the fifth largest listed firm on HOSE behind dairy firm Vinamilk (VNM), Vietcombank (VCB), Vietnam Petrol Gas Corp (GAS) and the Vingroup (VIC).

Sabeco is the state-owned maker of Saigon Beer and 333 Beer and with this event, the second largest consumer company after Vietnam Dairy Products JSC on the exchange. It’s also the largest brewer in Vietnam, where brewing Vietnam’s biggest labels “Saigon”, has reported a sales revenue of VND 21.8 trillion for the first 9 months of 2016, an increase of 9 percent year on year.

With this listing in HOSE, it will expand Vietnam’s US$77 billion stock market as it increases the size and liquidity of the benchmark VN-index, which is poised for a fifth straight year of gains.

“Sabeco’s listing is a positive and important step for a country that is embracing and liberalizing its own corporation,” said Federico Parenti, a Milan-based fund manager at Sempione Sim Spa, “The listing will be successful because the market is hungry for these type of businesses.”

In fact, seven companies including Heineken NV, Anheuser-Busch InBev NV and Asashi Group Holdings Ltd. have already registered to bid for Sabeco.

The outlook on Vietnam beer market is an enthusiastic one as demand for beer is expected to continue growing in Vietnam in light of its population increases and the expansion of Vietnam middle class.

VN Express even estimates the thirst for Saigon beer to increase by 30 percent during the upcoming Lunar New Year holiday, to a projection of 40 million liters of beer.

By Vivian Foo, Unicorn Media

Philippines Shakey’s Pizza Parlor Plans For IPO That Will Raise Up To US$113M Receives SEC Approval

Shakey’s Pizza Asia Ventures Inc (SPAVI) is all set to go public listing in the Philippines after the Securities and Exchange Commission (SEC) approved its initial public offering (IPO) of up to P5.5 billion (about US$113 million) last Friday.

The details according to SPAVI’s prospectus with the SEC filed last month offers to sell up to a total of 352 million shares which consist of 202 million existing shares and 104 million new shares with each priced up to P15.58 apiece, to meet excess demand.

SPAVI appointed Deutsche Bank as the sole global coordinator and bookrunner for the IPO, while BDO Capital & Investment Corp and First Metro Investment Corp are appointed to be its joint-lead managers and underwriters.

Shakey’s Pizza Asia Ventures maiden share offering is slated on December 2 to December 8. However, its listing date is tentatively set on December 15.

According to a statement, the IPO proceeds would be used for the expansion of the firm’s in-house commissary, working capital requirements, potential acquisition and repayment of debt,

On a similar vein, Singapore’s sovereign investor GIC is also reportedly planning to sell some of its shares in Shakey’s Pizza Asia Ventures Inc (SPAVI). The Singapore’s sovereign wealth fund has previously partnered with CPGI earlier this year, to acquire a majority of the pizza business from the Prieto family, which continues to hold a minority stake in SPAVI.

The company is majority owned by the Filipino-Chinese Po Family’s conglomerate Century Pacific Group Inc (CPGI), the parent company of local listed Century Pacific Food Inc (CNPF).

The global pizza franchise originally started in the United States in 1954 and later expanded overseas to Canada, Mexico, and Japan, to name a few. The pizzeria came to the Philippines in 1975 and since then has built a network of 177 stores nationwide.

With SPAVI’s share sale finalized next month, this will add to a pipeline of public listings in Philippine Stock Exchange (PSE) joining SBS Philippines Corp. (P1.15 billion); Crown Asia Chemicals Corp. (P222.7 million); Metro Retail Stores Group Inc. (P5.6 billion); and Italpinas Development Corp. (P242 million), despite the volatility in Southeast Asian markets.

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By Vivian Foo, Unicorn Media

Snapchat Targets To Raise US$4 Billion In IPO

According to a report by Bloomberg, instant messaging app, Snapchat is reportedly planning to raise a targeted amount of US$4 billion in its initial share sale.

With this, the sale may value Snapchat higher than its initial US$20 billion valuation that it has received in its earlier funding this year, at an amount of US$25 to US$35 billion. But no final decision nor details has been made public, thus the size of the IPO may still be subjected to changes.

But despite the variations that may occur in the lead up to an IPO, the company which recently has changed its corporate name to Snap Inc. is in the process of preparing filings for a listing. It aims to sell their shares in the first quarter of next year. Earlier this month, the company has also confirmed that Snap has hired Morgan Stanley and Goldman Sachs to lead its IPO.

Additionally, as due to the company’s revenue which is less than US$1 billion, the company plans to file their IPO documents with US Securities and Exchange Commission confidentially. Snap Inc. declined to comment regarding these speculations.

But from previous records, the Los Angeles-based company after its last funding round held in May, has already reached a private market value of US$18 billion. With the ongoing plan of IPO, this would mean that Snap Inc would mark the highest social media company since Twitter Inc. sold its shares in November 2013.

By Vivian Foo, Unicorn Media

Uzabase Is Going IPO With US$177M Market Capital

Tokyo’s Uzabase, the startup behind the corporate profile database Speeda and business news update curating app NewsPick has recently announced its IPO application has been approved by the Tokyo Stock Exchange (TSE).

Founded in 2008, Uzabase is currently working on two applications. The startup’s first app, Speeda was invented by its founding members who are bank investments experts. The app is designed to collect news update and business analysis from think tanks and provides them to finance businesses.

On the other hand, Newspick is an intuitive business news reading and sharing application. It serves the purpose of news curation and was offered back in September, 2013. The company has set NewsPick apart from other competitors through only curating news topics by notable economic news outlet.

Hence, from 21st October onward, the startup will be listed on the TSE Mother Market on Friday. Additionally, the company plans to offer 543, 000 shares for public subscription and selling 114,000 shares in over-allotment options for a total of 193,000 shares. With this, the company expects an initial market cap of 17.78 Billion yen (approximately US$177 Million).

Prior to this IPO announcement, the company has previously secured US$4.5 million from several Japanese companies and VC firms in a series C round held on the August of 2014.

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Name: Vivian
Organization: Unicorn Media

Snap Inc. May Go IPO At End Of March, 2017

Spectacle came out not too long ago, but recently Snap, previously known as Snapchat, has landed on the headlines again with the rumored news that it is working on IPO.

The revelation was made by a Wall Street Journal report on October 6, saying that Snap is reportedly preparing for an initial public offering that could value the firm at US$25 billion or higher.

Founded in 2011 by Evan Spiegeal and Bobby Murphy, Snapchat’s valuation has grown in the last few years since the company has added advertising and sponsored contents to its messaging services.

The results from this digital advertising strategy was shown in a leaked document by Techcrunch saying that the company could make US$250 million to US$350 million revenue in 2016 while the estimated revenue noted for 2017 would be a whooping amount of US$1 billion.

This explains he IPO valued at US$25 billion which is significantly higher than Snap’s most recent valuation of US$17.81 billion, based on the financing round in May which has raised US$1.81 billion.

Accordingly, the growing social platform which boasts an ownership of 150 million daily active users plans for its IPO to take place as early as late March in 2017.

In response to this, the firm said in an emailed statement on Thursday, saying that “We aren’t commenting on rumors or speculation about any financing plans.”

About Snap
Snap, formerly known as Snapchat Inc, is a camera company that develops Snapchat and Spectacles. Snapchat is a photo messaging app that allows users to take photos, record videos, add text, drawings and filters and send them to recipients which will disappear after viewing. Spectacle, on the other hand, is a video-sharing sunglasses that frees the Snapchat app from smartphone cameras.

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Contact Info
Name: Vivian
Organization: Unicorn Media

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