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 Boutique provides comprehensive research, daily advisories and ratings on EVERY IPO.
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TERMS ADDED on TUESDAY (1.17.17)
Company: ObsEva, Inc
Symbol: OBSV
Price: $14.00-$16.00
Description: They are a clinical-stage biopharmaceutical company focused on the development and commercialization of novel therapeutics for serious conditions that compromise a woman’s reproductive health and pregnancy.
Trade Date: 1/26
Shares: 6.5 million
Underwriter(s): Credit Suisse, Jefferies, Leerink Partners
Co Manager(s): N/A
Company: AnaptysBio, Inc.
Symbol: ANAB
Price: $14.00-$16.00
Description: They are a biotechnology company developing first-in-class antibody product candidates focused on unmet medical needs in inflammation and immuno-oncology.
Trade Date: 1/26
Shares: 4 million
Underwriter(s): Credit Suisse, Stifel
Co Manager(s): JMP Securities, Wedbush PacGrow
Company: Jounce Therapeutics
Symbol: JNCE
Price: $13.00-$15.00
Description: They are a clinical stage immunotherapy company dedicated to transforming the treatment of cancer by developing therapies that enable the immune system to attack tumors and provide long-lasting benefits to patients.
Trade Date: 1/27
Shares: 5.4 million
Underwriter(s): J.P. Morgan, Cowen & Company
Co Manager(s): Wells Fargo Securities, Baird
Company: Jagged Peak Energy
Symbol: JAG
Price: $16.00-$18.00
Description: They are a growth-oriented, independent oil and natural gas company focused on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware Basin, a sub-basin of the Permian Basin of West Texas and one of the most prolific unconventional resource plays in North America.
Trade Date: 1/27
Shares: 38.2 million
Underwriter(s): Citigroup, Credit Suisse, J.P. Morgan, Goldman Sachs & Co., RBC Capital Markets, Wells Fargo Securities
Co Manager(s): UBS Investment Bank, KeyBanc Capital Markets, ABN AMRO, Fifth Third Securities, Petrie Partners Securities, Tudor Pickering, Holt & Co., BMO Capital Markets, Deutsche Bank Securities, Evercore ISI, Scotia Howard Weil
Company: JELD-WEN Holding
Symbol: JELD
Price: $21.00-$23.00
Description: They are one of the world’s largest door and window manufacturers, and they hold the #1 position by net revenues in the majority of the countries and markets they serve.
Trade Date: 1/27
Shares: 25 million
Underwriter(s): Barclays, Citigroup, Credit Suisse, J.P. Morgan, Deutsche Bank Securities, RBC Capital Markets, BofA Merrill Lynch, Goldman Sachs & Co., Wells Fargo Securities
Co Manager(s): Baird, FBR, SunTrust Robinson Humphrey
Company: Visterra, Inc.
Symbol: VIST
Price: $12.00-$14.00
Description: They are a clinical-stage biopharmaceutical company focused on applying their novel Hierotope platform to identify unique disease targets and to design and engineer innovative antibody-based therapies that are intended to be effective as a single-dose administration.
Trade Date: 1/27
Shares: 3.9 million
Underwriter(s): Leerink Partners, Stifel
Co Manager(s): Needham & Company, Wedbush PacGrow
Company: REV Group
Symbol: REV
Price: $19.00-$21.00
Description: REV is a leading designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services.
Trade Date: 1/27
Shares: 12.5 million
Underwriter(s): Goldman Sachs & Co., Morgan Stanley, Baird
Co Manager(s): BMO Capital Markets, Credit Suisse, Deutsche Bank Securities, Jefferies, Wells Fargo Securities, Stifel
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