SG Lottery bid up in air | ComfortDelGro Australia's next stop | Atturra mulls listing

Good evening,

Tonight, it’s all about IPOs.

The big contender, SG Lottery, hangs in the balance, as its owner Scientific Games’ board prepares to meet in the United States.

SciGames has a handful of bids, one of which is the $4 billion-plus Aussie IPO, and it was meeting on Sunday in the US to decide which way to go.

Australian funds in the cornerstone process had heard nothing out of SG Lottery or its bankers, which is never taken as a good sign. They reckon trade’s nudged in front, but all should be revealed early this week.

Elsewhere, bus lines business ComfortDelGro Australia will start pitching its $1 billion-odd float to investors this week.

And we’ve found two new IPO contenders.

The first is IT services business Atturra, which will front small-cap investors on a roadshow in coming days. It has ANZ, Morgans and Shaw and Partners in its corner.

And the second is Sekuro, the new four-in-one cyber security play formed last week.

Happy reading,
Anthony Macdonald, Yolanda Redrup and Kanika Sood
Street Talk editors