IPO Pipeline Update (Week ending 1.19.18)


IPO Boutique keeps apprised of the active pipeline. Currently there are 70 active IPOs in the pipeline as of January 19, 2018. 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.

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NEW FILINGS

Company: Huami Corporation
Symbol: HMI
Description: They are transforming the way individuals connect with the Internet and with each other through smart wearable technology and data-driven innovations.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Credit Suisse, Citigroup, China Renaissance
Filed: 1-12-18
Listed: Cash Raise: $150m

Company: Cardlytics, Inc.
Symbol: CDLX
Description: Cardlytics makes marketing more relevant and measurable through their purchase intelligence platform.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): BofA Merrill Lynch, J.P. Morgan
Co-Manager(s): Wells Fargo Securities, SunTrust Robinson Humphrey, Raymond James, KeyBanc Capital Markets
Filed: 1-12-18
Listed: Cash Raise: $75m

Company: Cactus, Inc.
Symbol: WHD
Description: They design, manufacture, sell and rent a range of highly-engineered wellheads and pressure control equipment.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Citigroup, Credit Suisse
Co-Manager(s): Simmons & Company
Filed: 1-12-18
Listed: Cash Raise: $100m

Company: Vista Proppants and Logistics Inc.
Symbol: VPRL
Description: They are a leading in-basin provider of frac sand solutions for oil and gas well completions in prolific producing regions in Texas and Oklahoma.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Citigroup, Credit Suisse, Simmons & Company International
Co-Manager(s): Cowen, Jefferies, Johnson Rice & Company, Raymond James
Filed: 1-12-18
Listed: Cash Raise: $100m

Company: IPSCO Tubulars Inc.
Symbol: IPSC
Description: They are a leading, growth-oriented producer and supplier of seamless and welded oil country tubular goods, or OCTG, with a proprietary suite of premium and semi-premium connections.
Trade Date: TBD
Underwriter(s): BofA Merrill Lynch, Morgan Stanley, J.P. Morgan, UBS Investment Bank, Citigroup, Credit Suisse, Barclays, Evercore ISI
Filed: 1-12-18
Listed: Cash Raise: $100m

Company: Biofrontera AG
Symbol: BFRA
Description: They are an international biopharmaceutical company specializing in the development and commercialization of a platform of pharmaceutical products for the treatment of dermatological conditions and diseases caused primarily by exposure to sunlight that results in sun damage to the skin.
Trade Date: TBD
Underwriter(s): Dawson James Securities, Lake Street Capital Markets
Filed: 1-12-18
Listed: Cash Raise: $21.6m

Company: Presidio Property Trust, Inc.
Symbol: SQFT
Description: They are a self-managed Maryland corporation originally formed in California in 1999 and reincorporated in Maryland in 2010.
Trade Date: TBD
Underwriter(s): Janney Montgomery Scott
Filed: 1-17-18
Listed Cash Raise: $69m

Company: Tal Consolidated, Inc.
Symbol: TCL
Description: Tal Consolidated will serve as the holding company for its wholly-owned operating subsidiary, Tal Depot. Tal Depot primarily sells non-perishable grocery products and home goods online, comprising a vast array of products targeted at both retail and business customers in various geographical regions in the continental United States.
Trade Date: TBD
Underwriter(s): Joseph Gunnar
Filed: 1-17-18
Listed Cash Raise: $17.25m

Company: Jerash Holdings (US), Inc.
Symbol: JRSH
Description: They are principally engaged in the manufacturing and exporting of customized, ready-made outerwear from knitted fabric produced in their facilities in Jordan.
Shares: 1.43 million
Price Range: $7.00-$7.00
Trade Date: TBD
Underwriter(s): Network 1 Securities
Filed: 1-18-18

TERMS ADDED

Company: Solid Biosciences Inc.
Symbol: SLDB
Description: Their mission is to cure Duchenne muscular dystrophy, or DMD, a genetic muscle-wasting disease predominantly affecting boys, with symptoms that usually manifest between three and five years of age.
Shares: 5.89 million
Price Range: $16.00-$18.00
Trade Date: 1/25
Underwriter(s): J.P. Morgan, Goldman Sachs & Co., Leerink Partners
Co-Manager(s): Nomura, Chardan
Terms Added: 1-16-18

Company: PlayAGS, Inc.
Symbol: AGS
Description: They are a leading designer and supplier of electronic gaming machines and other products and services for the gaming industry.
Shares: 10.25 million
Price Range: $16.00-$18.00
Trade Date: 1/26
Underwriter(s): Credit Suisse, Deutsche Bank Securities
Jefferies, Macquarie Capital, BofA Merrill Lynch, Citigroup, Nomura, Stifel, SunTrust Robinson Humphrey
Co-Manager(s): Roth Capital Partners, Union Gaming, The Williams Capital Group, Apollo Global Securities
Terms Added: 1-16-18

Company: ARMO BioSciences, Inc.
Symbol: ARMO
Description: They are a late-stage immuno-oncology company that is developing a pipeline of novel, proprietary product candidates that activate the immune system of cancer patients to recognize and eradicate tumors.
Shares: 6.67 million
Price Range: $14.00-$16.00
Trade Date: 1/26
Underwriter(s): Jefferies, Leerink, BMO
Co-Manager(s): Baird
Terms Added: 1-16-18

Company: Corporacion America Airports S.A.
Symbol: CAAP
Description: They acquire, develop and operate airport concessions.
Shares: 28.6 million
Price Range: $19.00-$23.00
Trade Date: 2/1
Underwriter(s): Oppenheimer & Co., BofA Merrill Lynch, Citigroup, Goldman Sachs & Co.
Co-Manager: Santander
Terms Added: 1-16-18

Company: resTORbio, Inc.
Symbol: TORC
Description: They are a clinical-stage biopharmaceutical company focused on the development and commercialization of novel therapeutics for the treatment of aging-related diseases.
Shares: 5.67 million
Price Range: $14.00-$16.00
Trade Date: 1/26
Underwriter(s): BofA Merrill Lynch, Leerink Partners, Evercore ISI, Wedbush PacGrow
Terms Added: 1-16-18

Company: One Stop Systems, Inc.
Symbol: OSS
Description: One Stop Systems, Inc. designs and manufactures high-speed computing systems for high performance computing applications that require fast processing and storage of large information data sets.
Shares: 2.875 million
Price Range: $6.00-$8.00
Trade Date: Week of 1/29
Underwriter(s): Roth Capital Partners
Terms Added: 1-16-18

Company: Central Puerto S.A.
Symbol: CEPU
Description: They are the largest private sector power generation company in Argentina, as measured by generated power, according to data from CAMMESA. Their common shares are listed on the Bolsas y Mercados Argentinos S.A. under the symbol ‘CEPU’.
Shares: 35.4 million ADS
Price Range: $17.50-$21.50
Trade Date: 2/2
Underwriter(s): BofA Merrill Lynch, J.P. Morgan, Morgan Stanley
Terms Added: 1-18-18

Company: Hudson Ltd.
Symbol: HUD
Description: Hudson Group, anchored by their iconic Hudson brand, is committed to enhancing the travel experience for over 300,000 travelers every day in the continental United States and Canada.
Shares: 39.4 million
Price Range: $19.00-$21.00
Trade Date: 2/2
Underwriter(s): Credit Suisse, Morgan Stanley, UBS Investment Bank, BofA Merrill Lynch, Goldman Sachs
Co-Manager(s): Banco Santander, BBVA, BNP PARIBAS, Credit Agricole CIB, HSBC, Natixis, Raiffeisen Centrobank, UniCredit Capital Markets
Terms Added: 1-19-18

IPO Pipeline Update (Week ending 1.19.18)
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