With a 29% share in 2016, the healthcare sector has brought the highest number of IPOs to the market for the fourth consecutive year.
Trivago is currently hiring accounting staff, which means that costs could rise and investors could have to wait until the company gains clarity with respect to its accounting practices.
Trivago spends a great deal of money on its popular ads. Three of its ads rank among the top ten most-watched travel videos on YouTube for 2016.
Trivago spends heavily on television ads—so much so that its expenses currently outweigh revenues. As a result, the company has yet to book a profit.
Expedia (EXPE) bought a 63.5% controlling stake in Trivago in 2013 for ~$632 million. After the IPO, it would still hold this stake through Class B shares.
Trivago, Expedia’s (EXPE) German hotel booking site, filed for an IPO in the US on November 14, 2016. The expected date for the Trivago IPO is Friday, December 16.
On December 1, 2016, Fairmount Santrol Holdings announced that its principal stockholder would sell 15 million FMSA shares for gross proceeds of $175 million.
PPG Industries’ (PPG) interest expenses in the first two quarters of 2016 stood at $31 million per quarter.
PPG Industries’ (PPG) debt-to-equity ratio fluctuated between 0.80x and 0.95x of its shareholder equity in 2016.
On November 9, Weatherford International (WFT) disclosed the departure of its chairman and CEO, Bernard J. Duroc-Danner.
On November 15, Weatherford International (WFT) announced new debt issuance. The debts were issued to qualified institutional buyers.
On November 16, Weatherford International (WFT), an oilfield equipment and services company, disclosed that it issued 84.5 million ordinary stocks.
Saudi Arabia has also been involved in the sale of US Treasuries. The country is the 15th-largest holder of US Treasury bonds in the world.
Oil is critical to Saudi Arabia. The country is the largest exporter of petroleum, with 18% of the world’s proven petroleum reserves.
The plunge in oil’s price since mid-2014 has had a direct and negative bearing on Saudi Arabia’s public finances.
On October 20, the government of Saudi Arabia raised about $17.5 billion in an international bond issuance, marking the emerging market’s first foray into the international bond market.
Noble Midstream Partners provides crude oil, natural gas, and water-related midstream services to Noble Energy (NBL) in the DJ Basin in Colorado.
On September 7, 2016, Noble Midstream Partners filed a registration statement with the SEC for an IPO of 12.5 million common units.
According to Lipper fund flow data, investment-grade bond funds saw net inflows of $2.2 billion during the week ended August 17, 2016.
US financials and Yankee issuers commanded 34.0% each of the primary market high-grade bond issuance in the week ended August 19, 2016.