IPO Boutique Research, Color & More Information for Subscribers
GoDaddy (NYSE: GDDY), known for being a domain registrar, will debut Wednesday on the New York Stock Exchange. There is no shortage of critics in the weeks, days and hours leading up to the pricing. The company has planned on pricing its shares between $17 and $19 each. The mid-range figure of $18 a share[…]
This past week two IPOs debuted, one updated terms and four new deals filed. It was a relatively quiet week on the IPO front as just two deals debuted, one of which opened with a solid premium. SolarEdge Technologies (Nasdaq: SEDG) priced at the high end of the range ($18.00) and opened 11% higher with[…]
Wednesday was an ugly day on Wall Street. The Dow tumbled 291 points (-1.62%)…which seemed like a hill of beans compared to the Nasdaq’s 118 point (-2.37%) tumble. What’s concerning to the IPO and secondary market is the sector of stock being hit–technology and biotech company’s. On Wednesday, a deal that was up-sized on two[…]
This past week two IPOs debuted, two updated terms and four new deals filed. Two of the three deals this week opened below their respective offering prices. The deal that worked, National Commerce Corporation (NYSE: NCOM) was just a 1.7 million share offering. ‘NCOM’ priced mid-range, $19.50, and opened 8% higher with a $21.05 first[…]
It’s not an April Fool’s joke–GoDaddy will debut on April 1 on the NYSE. The terms value the company at $2.87 billion if priced at the high end of the range. Private equity firms paid around $2.25b in 2011 for the company and numbers have boosted but a large amount of debt still remains on[…]
This past week one IPO debuted, eight updated terms and four new deals filed. It was a very quiet week on the IPO side of things as it was just Summit Materials (NYSE: SUM) who debuted. ‘SUM’ opened with a $2.16 boost above the offering price ($18.00). The deal traded well in its opening week[…]
Two of the most widely talked about IPOs so far of 2015, Shake Shack (NYSE:SHAK) & Box (NYSE:BOX), released their first earnings report on Wednesday and both disappointed. Shake Shack posted a fourth quarter loss of $0.05 versus an expected loss of $0.02. And Box posted a wider than expected loss as the company ramps[…]
Week of March 9 Tantech Holdings (Nasdaq: TANH) Wowo Limited (Nasdaq: WOWO) Thursday, March 12 Summit Materials (NYSE: SUM)
Etsy, who operates a marketplace where people around the world connect, both online and offline, to make, sell and buy unique goods, filed for IPO on Wednesday after the close. The filing does not have terms but the filing did state they were seeking up to $100 million, which most likely is a place-holder amount[…]
It was a second-straight ‘lighter’ month in terms of quantity of IPOs that came to market as just 10 deals priced as compared to 19 deals in February 2014. There have been a total of 23 deals that have priced thus far in 2014 as compared to 36 at this same point a year ago.[…]
While IPO issuance up to this point have been slower than last year, the underwriters have not been afraid to bring out follow-on offerings. A total of 25 secondary’s were priced for the week of February 23rd which totaled in the multi-billions including a record-breaking offering from Actavis (NYSE: ACT). “Based upon the lack of[…]
Who’s getting giddy about $GDDY?
This past week two IPOs debuted, zero updated terms and six new deals filed. It was week that produced very little fanfare as the deals that came to market, Inotek Pharmaceuticals (Nasdaq: ITEK) and Check-Cap Limited (Nasdaq: CHEKU) were holdovers from the previous week. Inotek was able to come to market after severely slashing their[…]
Wednesday Wowo Limited (Nasdaq: WOWO) – Axiom is running the deal that is to sell 6.0 million shares at an initial range of $9.00-$11.00. Friday Actavis (Nasdaq: ACT) – The company is pursuing a secondary with concurrent offerings totaling $8.4 billion, comprising $4.2 billion of Ordinary Shares and $4.2 billion of Mandatory Convertible Preferred Shares,[…]
A storyline that developed in December 2014 and has carried over into 2015 thus far is the massive valuations given in rounds of private funding to company’s who eventually intend on going public. We wrote about that issue in January but that same issue is rearing its head again. On Tuesday, the Wall Street Journal[…]
This past week five IPOs debuted, one updated terms and seven new deals filed. It was another difficult week for the IPO market as two of the seven new deals planning to come to market were postponed and many others who held-over from prior weeks’ failed to come to market. Among the five who made[…]
Inovalon Holdings, by our account, was more than 20x oversubscribed. The deal was underwritten by some of the best in the business and the demand for the IPO turned into a $6.16 premium above the offering price–or a 23% gain upon opening. But almost immediately, the story changed and ‘INOV’ was suddenly not a desired[…]
Thursday Pricings (Priced Friday AM) Bellerophon Therapeutics (Nasdaq: BLPH) – According to the underwriter, the deal was priced below range and up-sized. ‘BLPH’ prices 5 million shares at $12 and will debut today. Great AJax Corp (NYSE: AJX) – According to the underwriters, the deal was downsized and priced below the $15-$17 range. ‘AJX’ priced[…]
The IPO scene has been relatively weak over the past two weeks. Many deals that have scheduled to come to market have been either postponed or subjected to ‘Day-to-Day’ status while, in theory, management mulls over valuation. However, the weakness will likely be subsided as a pair of deals debut today: Inovalon Holdings (Nasdaq: INOV)[…]
Thursday Expected Pricings Inovalon Holdings (Nasdaq: INOV) – Inovalon Holdings prices IPO $1.00 above the already upwardly-revised range. ‘INOV’ prices 22.2 million shares at $27.00 and will debut on Thursday (2/12). Invitae Corporation (NYSE: NVTA) – Invitae Corp. upsized and priced its IPO above the range. ‘NVTA priced 6.35 million shares at $16.00 and will[…]