IPO Weekly Recap: Apigee sells off in opening day

This past week two IPOs debuted, seven updated terms and six new deals filed.

The deal of the week, Apigee Corporation (Nasdaq: APIC), was many-multiple times oversubscribed and priced ($17.00) at the mid-point of the $16-$18 range. ‘APIC’ opened with a three-dollar premium with a $20.00 first trade; however, the deal sold off on day one and closed below the offering price at $16.70.  The week’s other deal, National Storage Affiliates Trust (NYSE: NSA), priced below range ($13.00) and opened flat.  ‘NSA’ hit a high of $13.52 on its opening day before closing the week at $13.10.

It should be noted that a deal that was scheduled to debut this week, Viking Therapeutics (Nasdaq: VKTX), has been pushed out to this coming week. Please refer to last week’s IPO research and this past week’s advisory’s for information on ‘VKTX’.

Looking ahead to this week, there are five deals expected to debut…

SUBSCRIPTION NEEDED

• Black Stone Minerals LP
• Blueprint Medicines Corporation
• Colucid Pharmaceuticals
• Enviva Partners
• Opgen

Please check your emails early and often. We may upgrade or downgrade an IPO and or secondary –sometimes with not as much notice as we would like to give. If you have interest in IPOs do NOT delay your IOI’s (hopefully they are already in)…you can always cancel them. We will keep you posted if and as when…we have anything pertinent to add. The current number of “active” IPOs in the pipeline as of 4/24/15 is 136.  Good luck trading!