IPO Boutique Research, Color & More Information for Subscribers
Company: RYB Education, Inc. Symbol: RYB Description: They are the largest early childhood education service provider in China, as measured by annual total revenues in 2016, according to the Frost & Sullivan Report. Shares: 7.8 million ADSs Range: $16.00-$18.00 Trade Date: 9/27 Underwriter(s): Credit Suisse, Morgan Stanley Co-Manager(s): CICC, BNP PARIBAS Link to S-1/A Prospectus[…]
This past week one IPO debuted and was a severe disappointment. Tremont Mortgage Trust (Nasdaq: TRMT) marked the first IPO to come to market since August 11. The deal, which downsized its IPO from 4.5 million to 2.5 million shares, was not enough do prevent a disastrous debut. ‘TRMT’ opened at $17.75 — a full $2.25 below the $20.00[…]
Company: Secoo Holding Limited Symbol: SECO Description: They are Asia’s largest online integrated upscale products and services platform as measured by GMV in 2016, according to the Frost & Sullivan report. Shares: 8.5 million ADS Range: $11.50-$13.50 Trade Date: 9/22 Underwriter(s): Jefferies Co-Manager: BNP PARIBAS Link to S-1/A Prospectus Link to Retail Roadshow Business: The[…]
Company: Oasis Midstream Partners LP Symbol: OMP Description: They are a growth-oriented, fee-based master limited partnership formed by our sponsor, Oasis Petroleum Inc. (NYSE: OAS) to own, develop, operate and acquire a diversified portfolio of midstream assets in North America that are integral to the oil and natural gas operations of Oasis and are strategically[…]
Company: Krystal Biotech, Inc. Symbol: KRYS Description: They are a gene therapy company dedicated to developing and commercializing novel treatments for patients suffering from dermatological diseases. Shares: 3 million Range: $9.00-$11.00 Trade Date: 9/20 Underwriter(s): Ladenburg Thalmann Selling group Motif allows investors of any size to indicate for this offering Link to S-1/A Prospectus Link[…]
Company: Despegar.com, Corp. Symbol: DESP Description: They are the leading online travel company in Latin America, known by our two brands, Despegar, our global brand, and Decolar, our Brazilian brand. Shares: 12.8 million Range: $23.00-$26.00 Trade Date: 9/20 Underwriter(s): Morgan Stanley, Citigroup Co-Manager(s): Itau BBA, UBS Investment Bank, Cowen, KeyBanc Capital Markets Link to S-1/A[…]
IPO Boutique keeps apprised of the active pipeline. Currently there are 71 active IPOs in the pipeline as of September 15, 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. Additionally, the ordinary retail investor[…]
Company: Celcuity LLC Symbol: CELC Description: They are a cellular analysis company that is discovering new cancer sub-types and commercializing diagnostic tests designed to significantly improve the clinical outcomes of cancer patients treated with targeted therapies. Shares: 2 million Range: $8.00-$10.00 Trade Date: 9/20 Underwriter(s): Craig Hallum Capital Group Link to S-1/A Prospectus Link to[…]
Company: BEST, Inc. Symbol: BSTI Description: They enable New Retail. They are Smart Supply Chain. They strive to deliver the BEST experience to their ecosystem participants. Shares: 62.1 million ADS Range: $13.00-$15.00 Trade Date: 9/20 Underwriter(s): Citigroup, Credit Suisse, Goldman Sachs, J.P. Morgan, Deutsche Bank Co-Manager(s): CITIC CLSA, KeyBanc Capital Markets, Oppenheimer & Co., Stifel[…]
IPO Boutique keeps apprised of the active pipeline. Currently there are 67 active IPOs in the pipeline as of September 9, 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. Additionally, the ordinary[…]
Company: Tremont Mortgage Trust Symbol: TRMT Description: They are a real estate finance company that plans to focus primarily on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate, or CRE. Shares: 4.5 million Price Range: $20.00-$20.00 Trade Date: 9/14 Underwriter(s): UBS Investment Bank, Citigroup, RBC Capital Markets[…]
Company: Zai Lab Limited Symbol: ZLAB Description: They are an innovative biopharmaceutical company based in Shanghai focusing on discovering or licensing, developing and commercializing proprietary therapeutics that address areas of large unmet medical need in the China market, including in the areas of oncology, autoimmune and infectious diseases. Shares: 5.88 million ADS Price Range: $16.00-$18.00[…]
IPO Boutique keeps apprised of the active pipeline. Currently there are 62 active IPOs in the pipeline as of September 2, 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: Secoo[…]
SUBSCRIBE TO IPOBoutique’s Free Weekly Newsletter In August, the IPO Market saw five companies go public for a total cash raise of $777.3m. This included just one offering that raised more that $150m — Venator Holdings (VNTR). Furthermore, in terms of cash raises, August’s total was the smallest amount in 2017 year-to-date, just below the $894m raised in July.[…]
HIGHLIGHTS Current IPO pipeline of 53 is concerning New SEC confidential filing law benefits companies Increasingly difficult to project the IPO schedule going forward If your pulse is on the IPO pipeline, you may have wondered if it has flatlined. Or at the very least, you would think it’s on life support. The number of[…]
IPO Boutique keeps apprised of the active pipeline. Currently there are 54 active IPOs in the pipeline as of August 25, 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[…]
IPO Boutique keeps apprised of the active pipeline. Currently there are 53 active IPOs in the pipeline as of August 18, 2017. No SPACs or Unit Offerings are included. New Filings & Updated Terms (Week ending 8.18.17) NEW FILINGS Company: Despegar.com, Corp. Symbol: DESP Description: They are the leading online travel company in Latin America,[…]
This past week three IPOs debuted and, for the most part, struggled mightily. It was a volatile and disappointing week for the IPO market as all three deals that came to market traded under their offering prices and the fourth deal expected was postponed. Ranger Energy Services (NYSE: RNGR) upsized its offering and priced $1.50[…]
Company: Ranger Energy Services, Inc. Symbol: RNGR Description: They are one of the largest independent providers of high-specification (“high-spec”) well service rigs and associated services in the United States, with a focus on technically demanding unconventional horizontal well completion and production operations. Shares: 5 million[…]
Company: Contura Energy, Inc. Symbol: CTRA Description: They are a large-scale, diversified provider of metallurgical (“met”) and steam coal to a global customer base. Shares: 6 million Price Range: $23.00-$27.00 Trade Date: 8/10 Underwriter(s): Citigroup, Jefferies Co-Manager: Credit Suisse, UBS Investment Bank, Barclays,[…]