IPO Pipeline Update (Week ending 2.2.18)


IPO Boutique keeps apprised of the active pipeline. Currently there are 52 active IPOs in the pipeline as of February 2, 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

None Listed

Updated Terms

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: 10 million ADS
Price Range: $10.00-$12.00
Trade Date: 2/8
Underwriter(s): Credit Suisse, Citigroup, China Renaissance
Terms Added: 1-26-18

Company: Evolus, Inc.
Symbol: EOLS
Description: They are a medical aesthetics company focused on providing physicians and their patients with expanded choices in aesthetic procedures and treatments.
Shares: 5 million
Price Range: $10.00-$12.00
Trade Date: 2/8
Underwriter(s): Cantor, Mizuho Securities
Co-Manager: SunTrust Robinson Humphrey, JMP Securities
Filed: 1-29-17

Company: Victory Capital Holdings, Inc.
Symbol: VCTR
Description: They are an independent investment management firm operating a next generation, integrated multi-boutique model with $59.0 billion in assets under management, or AUM, as of September 30, 2017.
Shares: 11.7 million
Price Range: $17.00-$19.00
Trade Date: 2/8
Underwriter(s): J.P. Morgan, BofA Merrill Lynch, Morgan Stanley, Barclays, Goldman Sachs & Co., RBC Capital Markets
Co-Manager: Keefe Bruyette & Woods, William Blair, Sandler O’ Neill + Partners
Terms Added 1-29-18

Company: Cardlytics, Inc.
Symbol: CDLX
Description: Cardlytics makes marketing more relevant and measurable through their purchase intelligence platform.
Shares: 5.4 million
Price Range: $13.00-$15.00
Trade Date: 2/9
Underwriter(s): BofA Merrill Lynch, J.P. Morgan
Co-Manager(s): Wells Fargo Securities, SunTrust Robinson Humphrey, Raymond James, KeyBanc Capital Markets
Terms Added: 1-29-18

Company: Cactus, Inc.
Symbol: WHD
Description: They design, manufacture, sell and rent a range of highly-engineered wellheads and pressure control equipment.
Shares: 21.4 million
Price Range: $16.00-$19.00
Trade Date: 2/8
Underwriter(s): Citigroup, Credit Suisse, Simmons & Company, J.P. Morgan, BofA Merrill Lynch, Tudor Pickering Holt & Co., Barclays, RBC Capital Markets
Co-Manager(s): Raymond James, Scotia Howard Weil
Terms Added: 1-29-18

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.
Shares: 23.25 million
Price Range: $20.00-$23.00
Trade Date: 2/9
Underwriter(s): BofA Merrill Lynch, Morgan Stanley, J.P. Morgan, UBS Investment Bank, Citigroup, Credit Suisse, Barclays, Evercore ISI
Terms Added: 1-29-18

Company: Quintana Energy Services Inc.
Symbol: QES
Description: They are a growth-oriented provider of diversified oilfield services to leading onshore oil and natural gas exploration and production (E&P) companies operating in both conventional and unconventional plays in all of the active major basins throughout the U.S. The following business segments comprise our primary services: (1) directional drilling services, (2) pressure pumping services, (3) pressure control services and (4) wireline services.
Shares: 9.3 million
Price Range: $12.00-$15.00
Trade Date: 2/8
Underwriter(s): BofA Merrill Lynch, Simmons & Company International
Co-Manager(s): Citigroup, Barclays, Tudor Pickering Holt & Co., Evercore ISI, Stephens Inc., Capital One Securities
Terms Added 1-29-18

Company: Motus GI Holdings, Inc.
Symbol: MOTS
Description: They have developed a single-use medical device system cleared by the United States Food and Drug Administration, that is intended to connect to standard colonoscopes to help facilitate intraprocedural cleaning of a poorly prepared colon by irrigating or cleaning the colon and evacuating the irrigation fluid, feces and other bodily fluids and matter.
Shares: 4.25 million
Price Range: $5.00-$7.00
Trade Date: 2/9
Underwriter(s): Piper Jaffray, Oppenheimer & Co.
Terms Added: 1-31-18

Company: Senmiao Technology Limited
Symbol: AIHS
Description: They are an online lending platform in China connecting Chinese investors with individual and small- to-medium-sized enterprise borrowers and creditors. A $20m cash raise has been listed.
Shares: 3.25 million
Price Range: $4.00-$4.50
Trade Date: TBD
Underwriter(s): Viewtrade Securities

IPO Pipeline Update (Week ending 2.2.18)
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