SHAREMARKET FLOATS – AUSTRALIA

China Dairy Corp eyes milk for juniors

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Original article by Simon Evans, Jared Lynch
The Australian Financial Review – Page: 30 : 3-Nov-15

China Dairy Corporation has announced plans to list on the Australian stock exchange. The company intends to raise up to $A20 million via the float. Chinese consumers are developing strong appetite for dairy products. The company also expects to benefit from the abandonment of the one-child policy in China.

CORPORATES
CHINA DAIRY CORPORATION, PHILLIP CAPITAL LIMITED, BLUEMOUNT CAPITAL SERVICES PTY LTD, MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED, ASX LIMITED – ASX ASX

Link shares jump 11.5pc on ASX debut

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Original article by Sally Rose
The Australian Financial Review – Page: 17 & 22 : 28-Oct-15

Shares in superannuation administration services provider Link Group were issued at $A6.37 apiece in a $A946.5m IPO. The stock ended its first day of trading 11.5 per cent higher at $A7.05, after listing at $A7.10. Investors Mutual’s Anton Tagliaferro says Link was attractive to investors due to the limited growth opportunities in the domestic market at present. Meanwhile, Link CEO John McMurtrie has flagged offshore acquisitions to expand its footprint beyond Australia and New Zealand.

CORPORATES
LINK ADMINISTRATION HOLDINGS LIMITED – ASX LNK, INVESTORS MUTUAL LIMITED, PACIFIC EQUITY PARTNERS PTY LTD, INTERMEDIATE CAPITAL GROUP PLC, MACQUARIE GROUP LIMITED – ASX MQG, UBS HOLDINGS PTY LTD, ASX LIMITED – ASX ASX, SUPERPARTNERS (AUSTRALIA) PTY LTD, AUSTRALIANSUPER PTY LTD, PILLAR ADMINISTRATION, COLLINS FOODS LIMITED – ASX CKF, KFC, SIZZLER RESTAURANTS AUSTRALIA LIMITED, AMP LIFE LIMITED, JP MORGAN AUSTRALIA LIMITED, BNP PARIBAS ASSET MANAGEMENT (AUSTRALIA) LIMITED, HSBC AUSTRALIA HOLDINGS PTY LTD, CITICORP GROUP PTY LTD, MACQUARIE CAPITAL PTY LTD, DEUTSCHE BANK AG

S2 Resources a rare ASX debut

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Original article by Tess Ingram
The Australian Financial Review – Page: 35 : 20-Oct-15

Shares in S2 Resources closed at $A0.175 on debut after listing at $A0.22 on 19 October 2015. S2 is just the third mining company to list on the Australian sharemarket so far in 2015. It holds assets that were previously owned by Sirius Resources, which recently merged with Independence Group. S2 MD Mark Bennett and some analysts expect further heavy trading in the group’s shares to continue in the short-term.

CORPORATES
S2 RESOURCES LIMITED – ASX S2R, INDEPENDENCE GROUP NL – ASX IGO, SIRIUS RESOURCES NL, SOUTH32 LIMITED – ASX S32, BHP BILLITON LIMITED – ASX BHP, BELL POTTER SECURITIES LIMITED, DEUTSCHE BANK AG

Investors in the pink as Baby Bunting shares surge up

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Original article by Sue Mitchell
The Australian Financial Review – Page: 27 & 38 : 15-Oct-15

Shares in Baby Bunting Group reached an intra-day high of $A2.02 on 14 October 2015, with the stock ending its first day of trading at $A1.86. The retailer’s shares were issued at $A1.40 apiece in a $A52m IPO which received strong support from investors. Baby Bunting expects sales to rise by 21 per cent to $A218.5m in 2015-16, while it aims to aggressively expand its network of stores over the next five years.

CORPORATES
BABY BUNTING GROUP LIMITED – ASX BBN, TDM ASSET MANAGEMENT PTY LTD, MORGAN STANLEY AUSTRALIA LIMITED, MORGANS FINANCIAL LIMITED, BABYCO, MOTHERCARE AUSTRALIA LIMITED, KATHMANDU HOLDINGS LIMITED – ASX KMD, COLES GROUP LIMITED, SHELL COMPANY OF AUSTRALIA LIMITED

Baby Bunting plans growth spurt to double in size after ASX float

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Original article by Patrick Hatch
The Australian Financial Review – Page: 15 : 23-Sep-15

Infant supplies retailer Baby Bunting currently has 33 stores, but the group is planning an aggressive expansion following its proposed $A52m IPO. Shares will be offered at $A1.40 apiece, with proceeds of the float to be used to reduce Baby Bunting’s debt. CEO Matt Spencer forecasts that pre-tax earnings will top $A16.3m in 2015-16, with sales of $A218.6 million. The baby goods market is estimated to be worth $A2.3bn.

CORPORATES
BABY BUNTING PTY LTD

Vitaco joins Blackmores in vitamins frenzy

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Original article by Simon Evans
The Australian Financial Review – Page: 25 & 30 : 17-Sep-15

Shares in Vitaco closed at $A2.38 on 16 September 2015, after listing on the Australian sharemarket at $A2.50. The vitamins and sports nutrition group’s shares reached an intra-day high of $A2.59, compared with an issue price of $A2.10 in an IPO that raised $A232m. Vitaco anticipates strong growth in demand for vitamins in China, which currently accounts for about eight per cent of group sales. Rival Blackmores has also benefited from rising demand in China, with its shares closing at $A130 after peaking at $A132.99.

CORPORATES
VITACO HOLDINGS LIMITED – ASX VIT, BLACKMORES LIMITED – ASX BKL, NEXT CAPITAL PTY LTD, HEALTHERIES OF NEW ZEALAND LIMITED, NUTRA-LIFE HEALTH AND FITNESS AUSTRALIA PTY LTD, ALIBABA GROUP HOLDING LIMITED, SWISSE WELLNESS PTY LTD, BODYTRIM, MUSASHI PTY LTD, AUSSIE BODIES PTY LTD, JB HI-FI LIMITED – ASX JBH

Growth key in tighter IPO environment

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Original article by Joyce Moullakis
The Australian Financial Review – Page: 16 : 11-Sep-15

The Australian Private Equity & Venture Capital Association’s 2015 conference has been told that conditions remain favourable for IPOs, although the market is not as strong as in 2014. Justin Ryan of Quadrant Private Equity says low interest rates will continue to make IPOs attractive to investors. Jeremy Tasker of Macquarie Group says IPO candidates that offer good earnings growth will receive support from fund managers in an environment of slowing economic growth.

CORPORATES
AUSTRALIAN PRIVATE EQUITY AND VENTURE CAPITAL ASSOCIATION LIMITED, QUADRANT PRIVATE EQUITY PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG, AVENTUS RETAIL PROPERTY FUND, GREENSTONE LIMITED, LINK GROUP PTY LTD, PETERS ICE CREAM, PACIFIC EQUITY PARTNERS PTY LTD, MYER HOLDINGS LIMITED – ASX MYR, QANTAS AIRWAYS LIMITED – ASX QAN, KKR AND COMPANY LP, ALLIER CAPITAL PTY LTD, ARCHER CAPITAL PTY LTD, HEALTHE CARE AUSTRALIA PTY LTD

PureProfile raises $12 million to buy Sparc ahead of IPO

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Original article by Rose Powell
The Australian Financial Review – Page: 18 : 20-Jul-15

Market research firm PureProfile expects to post revenue of $A20.6m in 2015 and $A28.1m in 2016. The firm is slated to list on the Australian sharemarket on 29 July 2015, following a $A12m IPO. Proceeds of the float will be used to expand the PureProfile business, which is based on paying consumers to complete surveys online. PureProfile will also acquire a media trading company called Sparc and open an office in New Zealand.

CORPORATES
PUREPROFILE LIMITED – ASX PPL, SPARC MEDIA, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WALT DISNEY COMPANY, FITNESS FIRST AUSTRALIA PTY LTD, BLUE OCEAN EQUITIES PTY LTD

Flexibility key to Amaysim’s appeal says Ogrin

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Original article by David Ramli
The Australian Financial Review – Page: 19 & 24 : 16-Jul-15

Shares in mobile virtual network operator Amaysim closed at $A1.90 on 15 July 2015, compared with an issue price of $A1.80. Amaysim currently boasts about 718,000 mobile subscribers, and it is targeting one million customers by 2019. CEO Julian Ogrin is confident that Amaysim will continue to grow, noting that Australian consumers are increasingly demanding more control over the mobile handset and provider they use. Amaysim resells mobile services via the Optus network.

CORPORATES
AMAYSIM AUSTRALIA LIMITED – ASX AYS, SINGTEL OPTUS PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, VODAFONE HUTCHISON AUSTRALIA PTY LTD, VODAFONE AUSTRALIA LIMITED, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, MACQUARIE BANK LIMITED – ASX MBL

IPO still draw for retailers

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Original article by Sue Mitchell, Simon Evans
The Australian Financial Review – Page: 20 : 15-Jul-15

KPMG’s Robert Bazzani notes that a number of retailers and consumer-oriented businesses are looking at an Australian IPO, despite recent sharemarket turmoil. However, he questions whether companies should consider an IPO if their market capitalisation would be less than $A100m, arguing that they risk being overlooked by fund managers and equities analysts, Upcoming IPOs include Beston Global Food Company, Costa Group and Amaysim.

CORPORATES
KPMG AUSTRALIA PTY LTD, BESTON GLOBAL FOOD COMPANY LIMITED, COSTA GROUP HOLDINGS LIMITED – ASX CGC, AMAYSIM AUSTRALIA LIMITED – ASX AYS, ADAIRS LIMITED – ASX ADH, BURSON GROUP LIMITED – ASX BAP, BEACON LIGHTING GROUP LIMITED – ASX BLX, GODFREYS GROUP LIMITED – ASX GFY, LOVISA HOLDINGS LIMITED – ASX LOV, BELLAMY’S AUSTRALIA LIMITED – ASX BAL, THE PAS GROUP LIMITED – ASX PGR, GREEN’S FOODS LIMITED, PACIFIC BRANDS LIMITED – ASX PBG, BRAND COLLECTIVE, KATHMANDU HOLDINGS LIMITED – ASX KMD, MACPAC WILDERNESS EQUIPMENT, URBAN PURVEYOR GROUP PTY LTD