IPO Boutique Research, Color & More Information for Subscribers
IPO Boutique keeps apprised of the active pipeline. Currently there are 81 active IPOs in the pipeline as of October 27, 2017. No SPACs or Unit Offerings are included. While the numbers may look diminished, we outlined why “looks may be perceiving” when it comes to the IPO pipeline in this article. NEW FILINGS Company: iClick[…]
Company: Evoqua Water Technologies Corp. Symbol: AQUA Description: They are a leading provider of mission critical water treatment solutions, offering services, systems and technologies to support our customers’ full water lifecycle needs. Shares: 27.8 million Range: $17.00-$19.00 Trade Date: 11/2 Underwriter(s): Credit Suisse, J.P Morgan, RBC Capital, Citigroup, Goldman Sachs & Co. Co-Manager(s): Morgan Stanley,[…]
Company: Funko, Inc Symbol: FNKO Description: They are a leading pop culture consumer products company. Shares: 13.3 million Price Range: $14.00-$16.00 Trade Date: 11/2 Underwriter(s): Goldman Sachs & Co., J.P. Morgan, BofA Merrill Lynch Co-Manager(s): Piper Jaffray, Jefferies, Stifel, BMO Capital Markets, SunTrust Robinson Humphrey Link to S-1/A Prospectus Link to Retail Roadshow Business: Their business[…]
Company: Spero Therapeutics, Inc. Symbol: SPRO Description: They are a multi-asset, clinical-stage biopharmaceutical company focused on identifying, developing and commercializing novel treatments for multi-drug resistant bacterial infections. Shares: 5 million Price Range: $14.00-$16.00 Trade Date: 11/2 Underwriter(s): BofA Merrill Lynch, Cowen & Company, Stifel Co-Manager(s): Oppenheimer & Co. Terms Added: 10-23-17 Link to S-1/A Prospectus[…]
Company: Allena Pharmaceuticals, Inc. Symbol: ALNA Description: They are a late-stage clinical biopharmaceutical company dedicated to developing and commercializing first-in-class, oral enzyme therapeutics to treat patients with rare and severe metabolic and kidney disorders. Shares: 5.3 million Price Range: $14.00-$16.00 Trade Date: 11/2 Underwriter(s): Credit Suisse, Jefferies, Cowen & Company Co-Manager(s): Wedbush PacGrow Link to[…]
Company: Loma Negra Corporation Symbol: LOMA Description: Loma Negra is the leading cement producer in Argentina. Shares: 50.2 million ADSs Price Range: $15.00-$19.00 Trade Date: 11/1 Underwriter(s): BofA Merrill Lynch, Bradesco BBI, Citigroup, HSBC, Itau BBA, Morgan Stanley Terms Added: 10-12-17 Link to S-1/A Prospectus Link to Retail Roadshow Business: They believe that the economic recovery[…]
Company: Altair Engineering, Inc Symbol: ALTR Description: They are a leading provider of enterprise-class engineering software enabling innovation across the entire product lifecycle from concept design to in-service operation. Shares: 12 million Price Range: $11.00-$13.00 Trade Date: 11/1 Underwriter(s): J.P. Morgan, RBC Capital Markets, Deutsche Bank Securities Co-Manager(s): William Blair, Canaccord Genuity Terms Added: 10-19-17[…]
It was a third consecutive positive week for the IPO market as four of five initial public offerings came to market with gains of 24.8% at first trade on average. The strength of the IPO market was evident in our ratings as we went out with a trio of ‘4’ rated IPOs. The deals[…]
Company: National Vision Holdings, Inc. Symbol: EYE Description: They are one of the largest and fastest growing optical retailers in the United States and a leader in the attractive value segment of the U.S. optical retail industry. Shares: 15.8 million Price Range: $18.00-$20.00 Trade Date: 10/26 Underwriter(s): BofA Merrill Lynch, Goldman Sachs & Co., Citigroup,[…]
Company: Forescout Technologies, Inc. Symbol: FSCT Description: They have pioneered an agentless approach to network security to protect organizations against the emerging threats that exploit the billions of devices connected to organizations’ networks. Shares: 4.8 million Range: $20.00-$22.00 Trade Date: 10/27 Underwriter(s): Morgan Stanley, J.P. Morgan, Citigroup Co-Manager(s): BofA Merrill Lynch, UBS Investment Bank, KeyBanc[…]
Company: Merchants Bancorp Symbol: MBIN Description: They are a diversified bank holding company headquartered in Carmel, Indiana and registered under the Bank Holding Company Act of 1956, as amended. Shares: 5.55 million Price Range: $17.00-$19.00 Trade Date: 10/27 Underwriter(s): Sandler O’Neill + Partners, Stephens Inc., Raymond James Co-Manager: SunTrust Robinson Link to S-1/A Prospectus Link[…]
Company: Nexa Resources Symbol: NEXA Description: They are age-scale, low-cost integrated zinc producer with over 60 years of experience developing and operating mining assets in Latin America. Shares: 31 million Price Range: $18.00-$21.00 Trade Date: 10/27 Underwriter(s): JP Morgan, BMO Capital Markets, Morgan Stanley, Credit Suisse, BofA Merrill Lynch, Citigroup, Scotiabank, Bradesco BBI, Credicorp Capital[…]
Company: BP Midstream Partners LP Symbol: BPMP Description: They are a fee-based, growth-oriented master limited partnership recently formed by BP Pipelines, an indirect wholly owned subsidiary of BP, to own, operate, develop and acquire pipelines and other midstream assets. Shares: 42.5 million Price Range: $19.00-$21.00 Trade Date: 10/26 Underwriter(s): Citigroup, Goldman Sachs & Co., Morgan[…]
Company: Ablynx NV Symbol: ABLX Description: They are a late-stage clinical biopharmaceutical company utilizing our proprietary Nanobody platform to develop treatments for a broad range of therapeutic indications with an unmet medical need. Shares: 9.17 million Price Range: $19.08-$19.08 Trade Date: 10/25 Underwriter(s): BofA Merrill Lynch, J.P. Morgan, Jefferies Co-Manager(s): Baird, Bryan Garnier & Co.,[…]
Company: RISE Education Cayman Ltd. Symbol: REDU Description: They operate in Chinas junior English Language Training, or ELT, market, which refers to after-school English teaching and tutoring services provided by training institutions to students aged three to 18. Shares: 11 million ADSs Price Range: $12.00-$14.00 Trade Date: 10/20 Underwriter(s): Morgan Stanley, Credit Suisse, UBS Co-Manager(s):[…]
Company: Sea Limited Symbol: SE Description: They have developed an integrated platform consisting of digital entertainment (focused on online games), e-commerce, and digital financial services (focused on e-wallet services), each localized to meet the unique characteristics of GSEA. We define GSEA as the combined region of Indonesia, Taiwan, Vietnam, Thailand, the Philippines, Malaysia and Singapore.[…]
Company: MongoDB, Inc. Symbol: MDB Description: MongoDB is the leading modern, general purpose database platform. Our platform unleashes the power of software and data for developers and the applications they build. Shares: 8 million Price Range: $18.00-$20.00 Trade Date: 10/19 Underwriter(s): Morgan Stanley, Goldman Sachs & Co., Barclays, Allen & Company LLC Co-Manager(s): Stifel, Canaccord[…]
Company: LiveXLive Media, Inc. Symbol: LIVX Description: They are one of the world’s only premium internet networks devoted to live music and music-related video content. Shares: 7.69 million Price Range: $12.00-$14.00 Trade Date: 10/19 Underwriter(s): BMO Capital Markets Co-Manager(s): JMP Securities, Craig Hallum Group Terms Added: 10-6-17 Link to S-1/A Prospectus Update: Motif is now[…]
Company: Qudian Inc. Symbol: QD Description: They are a provider of online credit products, we use big data-enabled technologies, such as artificial intelligence and machine learning, to transform the consumer finance experience in China. Shares: 37.5 million ADSs Price Range: $19.00-$22.00 Trade Date: 10/18 Underwriter(s): Morgan Stanley, Credit Suisse, Citigroup, CICC, UBS Investment Bank Co-Manager(s):[…]