Playa Hotels & Resorts, which owns 13 all-inclusive beach resorts in Mexico and the Caribbean, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering. However, the deal size is likely a placeholder for an IPO that we estimate could raise $300 million.
The company counts Hyatt Hotels (NYSE: H) among its shareholders.
The Amsterdam, Netherlands-based company was founded in 2006 and booked $481 million in sales for the 12 months ended June 30, 2016. It plans to list on the Nasdaq under the symbol [PLY...more
GTY Technology Holdings, a blank check company formed by the former CEOs of Accenture and EMC to acquire a technology business, announced terms for its IPO on Monday.
The Las Vegas, NV-based company plans to raise $300 million by offering 30 million units at a price of $10. At the midpoint of the proposed range, GTY Technology Holdings would command a market value of $375 million.
GTY Technology Holdings was founded in 2016 and plans to list on the Nasdaq under the symbol GTYHU. It filed confidentially August 2016. Citi is the sole...more
, ACN, EMC
Aritzia, which operates 75 stores in North America selling its trendy designs for women, raised C$400 million ($303 million) by offering 25 million shares at C$16 ($12.10), the high end of the range of C$14 to C$16. The Vancouver, Canada-based company plans to list on the Toronto Stock Exchange. CIBC, BofA Merrill Lynch and TD Securities are the joint bookrunners on the deal which is expected to price on September 26, 2016.
(Exchange rate of $1 USD = C$.76 as of 9/26/2016)....more
Obalon Therapeutics, which is developing an intragastric medical device to assist with weight loss, announced terms for its IPO on Monday.
The Carlsbad, CA-based company plans to raise $75 million by offering 5 million shares at a price range of $14 to $16. Insiders intend to purchase $20 million worth of shares in the offering. At the midpoint of the proposed range, Obalon Therapeutics would command a fully diluted market value of $267 million.
Obalon Therapeutics was founded in 2008 and booked $4 million in sales for the 12 months ...more