IPO Pipeline: New Filings & Updated Terms (11.10.17)

IPO Boutique keeps apprised of the active pipeline. Currently there are 64 active IPOs in the pipeline as of November 10, 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: SSLJ.Com Limited
Symbol: SSLJ
Description: They are the leading independent open platform for discovery and recommendation of financial products in China, whether measured by the number of loan applications or by the number of credit card applications over the period from 2012 to 2016, according to a report that we commissioned from iResearch, which we refer to as the iResearch Report.
Trade Date: TBD
Underwriter(s): Boustead Securities
Filed: 11-7-17
Listed Cash Raise: $23m

Company: Luther Burbank Corporation
Symbol: LBC
Description: They are Luther Burbank Corporation, a bank holding company headquartered in Santa Rosa, Sonoma County, California.
Trade Date: TBD
Underwriter(s): Keefe Bruyette & Woods, Sandler O’ Neill
Filed: 11-9-17
Listed Cash Raise: $150m

Company: Entera Bio Ltd.
Symbol: ENTX
Description: They are a clinical-stage biopharmaceutical company focused on the development and commercialization of orally delivered large molecule therapeutics for use in orphan indications and other areas with significant unmet medical need.
Trade Date: TBD
Underwriter(s): Oppenheimer & Co.
Filed: 11-9-17
Listed Cash Raise: $50m

Company: Quanterix Corporation
Symbol: QTRX
Description: They are a life sciences company that has developed a next generation, ultra-sensitive digital immunoassay platform that advances precision health for life sciences research and diagnostics.
Trade Date: TBD
Underwriter(s): J.P. Morgan, Leerink
Co-Manager(s): BTIG, Evercore ISI
Filed: 11-9-17
Listed Cash Raise: $57.5m

TERMS ADDED:
Company: Jianpu Technology Inc.
Symbol: JT
Shares: 22.5 million shares
Price Range: $8.50-$10.50
Description: They are the leading independent open platform for discovery and recommendation of financial products in China, whether measured by the number of loan applications or by the number of credit card applications over the period from 2012 to 2016, according to a report that we commissioned from iResearch, which we refer to as the iResearch Report.
Trade Date: 11/16
Underwriter(s): Goldman Sachs (Asia), Morgan Stanley, J.P. Morgan
Co-Manager(s): China Renaissance
Filed 11-3-17

Company: Stitch Fix, Inc.
Symbol: SFIX
Description: They are reinventing the shopping experience by delivering one-to-one personalization to our clients through the combination of data science and human judgment.
Shares: 10 million
Price Range: $18.00-$20.00
Trade Date: 11/17
Underwriter(s): Goldman Sachs & Co., J.P. Morgan
Co-Manager(s): Barclays, RBC Capital Markets, Piper Jaffray, Stifel, William Blair
Terms Added: 11-6-17

Company: SailPoint Technologies Holdings, Inc.
Symbol: SAIL
Description: SailPoint is the leading provider of enterprise identity governance solutions.
Shares: 20 million
Price Range: $9.00-$11.00
Trade Date: 11/17
Underwriter(s): Morgan Stanley, Citigroup, Jefferies, RBC Capital Markets
Co-Manager(s): KeyBanc Capital, Canaccord Genuity, Oppenheimer & Co.
Terms Added: 11-6-17

Company: Arsanis, Inc.
Symbol: ASNS
Description: They are a clinical-stage biopharmaceutical company focused on applying monoclonal antibody immunotherapies to address serious infectious diseases.
Shares: 3.125 million
Price Range: $15.00-$17.00
Trade Date: 11/16
Underwriter(s): Citigroup, Cowen, Piper Jaffray
Terms Added: 11-6-17

Company: MPM Holdings
Symbol: MPMH
Description: Momentive is one of the world’s largest producers of specialty silicones and silanes and a global leader in fused quartz and specialty ceramics products.
Shares: 14.6 million
Price Range: $23.00-$25.00
Trade Date: 11/16
Underwriter(s): J.P. Morgan, Goldman Sachs & Co.
Co-Manager(s): Citigroup, Credit Suisse, Deutsche Bank Securities, UBS Investment Bank, BMO Capital Markets, Wells Fargo Securities
Terms Added: 11-6-17
Note: Their common stock is currently quoted on the OTCQX Marketplace under the symbol MPMQ.

Company: Hancock Jaffe Laboratories, Inc.
Symbol: TBD
Description: They are a development stage medical device company developing biologic based solutions that are designed to be life-enhancing for patients with cardiovascular disease, peripheral arterial and venous disease, and end stage renal disease, or ESRD.
Shares: 1.875 million
Price Range: $6.00-$8.00
Trade Date: TBD
Underwriter(s): WallachBeth Capital, Network 1 Financial Securities
Terms Added: 11-6-17

Company: Molino Canuelas S.A.C.I.F.I.A.
Symbol: MOLC
Description: They are a leading food company with top-of-mind consumer brands such as Canuelas, Pureza, 9 de Oro, San Agustin, Mama Cocina,Paseo and Florencia, in the vegetable oil, flour, biscuits, cookies and crackers, ready-mixed and bread crumb product categories.
Shares: 19.5 million ADSs
Price Range: $14.00-$17.00
Trade Date: 11/17
Underwriter(s): J.P. Morgan, UBS Investment Bank, HSBC, Itau BBA
Terms Added: 11-6-2017

Company: scPharmaceuticals, Inc.
Symbol: SCPH
Description: They are a pharmaceutical company focused on developing and commercializing products that have the potential to transform the way therapy is delivered, advance patient care and reduce healthcare costs.
Shares: 6.4 million
Price Range: $14.00-$16.00
Trade Date: 11/17
Underwriter(s): Jefferies, Leerink, BMO Capital Markets
Terms Added: 11-7-17

Company: Bluegreen Vacations Corporation
Symbol: BXG
Description: They are a leading vacation ownership company that markets and sells vacation ownership interests and manages resorts in top leisure and urban destinations.
Shares: 6.5 million
Price Range: $16.00-$18.00
Trade Date: 11/17
Underwriter(s): Stifel, Credit Suisse
Co-Manager(s): BofA Merrill Lynch, SunTrust Robinson Humphrey
Terms Added: 11-7-17

Company: Sterling Bancorp, Inc.
Symbol: SBT
Description: They are a unitary thrift holding company headquartered in Southfield, Michigan with our primary branch operations in San Francisco and Los Angeles, California.
Shares: 10 million
Price Range: $12.00-$14.00
Trade Date: 11/21
Underwriter(s): Sandler O’ Neill + Partners
Terms Added: 11-7-17