Team17 AIM market IPO today, Atlantis’ RTO of Welsh power company, IPL Plastics set TSX IPO share price range, NYSE appoints its first female leader

British-based games developer Team17 is having its IPO today on London’s AIM market, according to AIM’s Schedule One list. The fundraising was multiple times oversubscribed as it raised ￡107.5 million, which includes the sales of 37,849,200 shares sold at 165p each from exiting shareholders and 27,325,482 in new shares, the Company will have 131,288,276 Ordinary Shares in issue today. The market capitalisation of Team17 will be about ￡217 million upon its listing. Team17’s games portfolio has over 90 games, which includes the iconic Worms game. Berenberg are the brokers on the deal, with GCA Altium as the NOMAD.

Singaporean-based Atlantis Resources is set to have its shares re-admitted to London’s AIM market as it does a reverse takeover of SIMEC Uskmouth Power Limited, according to AIM’s Schedule One list. Atlantis Resources will be renamed SIMEC Atlantis Energy Limited, it has raised ￡20 million from a share placing this week, the placing it set to occur next month. Uskmouth Power runs a power plant in Newport, Wales, and the deal is said to cost Atlantis ￡123 million. Cantor Fitzgerald are the NOMADs for the Company, with Macquarie as the joint broker.

Irish-based IPL Plastics has set an indicative price range for its Toronto Stock Exchange IPO between C$13.50 and C$16.00 per share, which would value the Company between C$558.9 million and C$662.4 million, reports The Times.  The raise from the IPO is said to be about C$200 million, which would increase the market value to C$862.4 million. About 57 per cent of the Company is owned by Irish investors Kerry Group and businessman Larry Goodman, with two Canadian funds controlling the rest of the Company. IPL was going to dual list in Ireland and Canada, but now it just looks as though it will be in Canada. Since the Company is just listing in Canada, IPL fears that the current Irish investors will rush off, so they are being asked to trade their stock for B shares that could lock them up for six months. IPL manufactures plastics for environmental containers, industrial products and packaging. 

The NYSE is set to have its first female president in the 226-year old exchanges history, reports the Financial Times. Stacey Cunningham was previously the Group’s COO, she originally started out on the floor of the exchange, handling the shares of companies such as Ambac Financial and Hershey’s. She also had a spell as a chief before joining the exchanges big rival Nasdaq, then joining NYSE again in 2012. This comes 18 months after Nasdaq appointed its first female leader, Adena Friedman.

Indonesian-basedproperty company Wika Realty has postponed its IPO due to volatile marketconditions, reports the Nikkei Asian Review.  The IPO was said to raise the Company about US$170 million, with about 12.5 billion shares to be sold between US$0.014 and US$0.018 each. Wika wanted to use the funds to acquire more land and for M&A. Some other local Indonesian companies have recently pulled IPOs as well, this is said to be, from some, that rising interest rates are causing foreign investors to pull their money out of the country and back to America.   

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