Good evening,

Amid the M&A boom – or bids and rejected bids boom – we’ve neglected to check in on our mates in equity capital markets.

It turns out they’re incredibly busy, too, preparing the next batch of IPO contenders for the ASX boards. Street Talk tomorrow is full of IPO news.

We start with the biggest (potential) float we’ve seen in years. US gaming company Scientific Games is thinking about floating its lotteries business on the ASX. On our back-of-the-envelope calculations, SciGames’ lotteries could be worth north of $8 billion on a market capitalisation basis which, should it all go to plan, could see it as the biggest float in Australia outside of Telstra and CBA.

There’s plenty of water to go under the bridge at SciGames, and listing the lotteries business in Australia is just one option under consideration. To progress the plans, though, it has called in a bunch of Australian investment banks. We reveal the five banks in the box seat for a plum mandate.

Elsewhere, we reveal HealthEngine’s plans to front investors next week ahead of a listing of its own. The doctor booking service, backed by Telstra and Seven West Media, is thinking about a $100 million-odd initial public offering, via two stockbrokers.

We also have a $500 million-odd car dealership owner, Autopact, and have spotted another raising at commodities marketplace and longer-term ASX candidate Xpansiv.

And, just to round out the page, we have a $100 million copper float.

Happy reading,
Anthony Macdonald and Yolanda Redrup
Street Talk Editors