IPO Boutique Pipeline: New Filings & Terms in Last Seven Days
SUBSCRIBE TO IPOBoutique’s Free Weekly Newsletter Link to entire IPO Boutique Pipeline NEW FILINGS Company: Foundation Building Materials Symbol: FBM Price: TBD Description: They are the second largest specialty distributor of wallboard and suspended ceiling systems in the United States and Canada, and the fastest growing by revenue and branch count since our founding[…]
Keane Group up-sizes IPO for second time, prices shares at $19.00
The first IPO of the 2017 calendar year has priced. Keane Group (NYSE:FRAC), one of the largest pure-play providers of integrated well completion services in the U.S., with a focus on complex, technically demanding completion solutions, priced 26.76m shares at $19.00. The initial share count and range when first filing with terms on January 9 was[…]
IPO Boutique Brief: Calm before the IPO storm
SUBSCRIBE TO IPOBoutique’s Free Weekly Newsletter Keane Group (NYSE: FRAC) will be 2017’s first IPO as the well-completion oil services company is expected to price an up-sized 22.3 million shares on Thursday night. This deal will grab many of the headlines Friday but will certainly not overshadow what many IPO investors have on their mind —[…]
IPO Boutique Brief: Snap, Silicon Valley does not want your vote
SUBSCRIBE TO IPOBoutique’s Free Weekly Newsletter High-profile technology companies want your money — they just don’t want ‘anything else’ to do with you. Snap Inc., the high-profile company behind messaging service SnapChat, wants to retain management control (subscription-needed) by not allowing voting power to those buying shares in its rumored 1Q 2017 IPO. Silicon Valley is re-writing[…]
Flurry of Filings post MLK Day – Seven Companies Launch for IPO on Tuesday (1.17.17)
The syndicate market was very active following the MLK holiday as six companies filed terms with the SEC. Among the seven, four are healthcare companies, one is materials, one is industrial and another is an energy company. These six will debut next week in addition to the first technology deal of 2017, AppDynamics (Nasdaq: APPD). IPO[…]
New Filings & Updated Terms – Week Ending 1.13.17
NEW FILINGS Company: Kimbell Royalty Partners Symbol: KRP Price: TBD Description: They are a Delaware limited partnership formed to own and acquire mineral and royalty interests in oil and natural gas properties throughout the United States. Trade Date: TBD Shares: TBD Underwriters(s): Raymond James, RBC Capital Markets, Stifel Co-Manager(s): Stephens Inc., Wunderlich Securities Filings: 1-06-17[…]
1.11.17 — Morning IPO Buzz
The first IPO of 2017 will be Keane Group (NYSE:FRAC) and it will, in all likelihood, be the solo deal for the week of January 16th. We examined this first IPO in a Tuesday post and took a look at recent IPOs in the energy sector as well as addressed other factors to account for when[…]
Energy, Keane Group, kicks off the 2017 IPO year
We have heard the predictions, projections and year-ahead-analysis: now let’s see some deals. The first IPO of 2017 will be Keane Group (NYSE: FRAC), a pure-play provider of integrated well completion services in the U.S., with a focus on complex, technically demanding completion solutions. $FRAC added terms on Tuesday and set a January 20 debut on[…]
Are tech companies scared of the big, bad public markets?
According to IPO Boutique’s records, just 100 companies hit the public markets in 2016. That figure does not includes SPACs, unit offerings or companies who currently trade on foreign exchanges. But that number was significantly down from 2013, 2014 and 2015. The Wall Street Journal’s Maureen Farrell addressed the issue and claimed a reason for[…]
Analyst: 1000 IPOs expected for next two years
An avalanche of IPOs are on the way, if you believe Deutsche Bank’s Mark Hantho. Deutsche Bank Global Head of Securities Mark Hantho proclaimed the great IPO market boom of 2017 & 2018 is coming. He made his comments on CNBC on the first trading day of the year. Kudos to Hantho for going on[…]
Flurry of late December filings promising for 2017 IPO market
As we look into the future of the IPO market in 2017, we thought it was significant to point out the recent flurry of new filings to end the latter half of December. Below are nine new filings that filed with the SEC since December 14. Among the nine filings, three are energy companies and[…]
2016 US IPO Market Analysis and Review
2016 US IPO Market Analysis and Review A steep decline in the number of deals coming to market continued in 2016. Last year’s depressed number of 153 IPOs was cut by 34.6% as just 100 deals priced this past year. This total does not include SPACs or unit IPOs. Proceeds from all offerings (including SPACs)[…]
Post Labor Day terms set for trio of companies
The IPO market has begun its post Labor Day revival. A trio of companies, a technology deal and two financials, filed with terms on Monday morning and subsequently have set a debut date of September 16 to go public. Everbridge Inc. (Nasdaq: EVBG) is a global software company that provides critical communications and enterprise safety[…]
IPO Schedule – Week of April 18
Below are the IPOs for the week of April 18 and their expected trade dates. In addition to the three IPOs, there is already a deal on the schedule for the following week. IPO Boutique provides comprehensive research and daily book-building advisories to assist in your indication process. We have weekly, monthly and annual plans[…]
Bats Global Exchange Sets Terms for IPO
A non-Healthcare IPO has set terms in 2016, finally. Bats Global Exchange came out with a SEC filing early Monday morning stating they were looking to price 11.2 million shares at a price range of $17-$19. It would be a cash raise of $212.8 million if priced at the high end of the range. This[…]
Tech IPO Performance Weighs on Pipeline
The 2016 IPO market has gotten off to a slow start. Four deals have come to market — all of them healthcare related — with two of the deals currently trading below their offering price. Understandably, overall market volatility is causing company’s and underwriters to currently be walking on egg shells. Will the IPOs come?[…]
High Profile Biotech, Editas Medicine, Set to Test IPO Market
The biotech barometer may be here. Editas Medicine (Nasdaq: EDIT), a leading genome editing company dedicated to treating patients with genetically defined diseases by correcting their disease-causing genes, updated terms for its IPO and has scheduled a February 3rd trade date. The interest in this deal is currently very large for a few reasons. For[…]
2015 US IPO Market Analysis and Review
2015 US IPO Market Analysis and Review Following two years of strong markets, with 213 deals pricing in 2013 for $54.9 billion and 261 deals pricing in 2014 for $85.3 billion, 2015 experienced a steep decline. Only 153 deals priced for $30.0 billion in proceeds in 2015, the lowest total since 2009. It should be[…]
2015 Underwriter Report
We begin our statistical review of the 2015 calendar year with our annual, statistical review of how the underwriters fared. Included in the graphic below is the underwriter’s performance among deals they were book-runners on. We have cut the list down to include underwriters who participated as main book-runners in 10 or more deals for[…]