IPO Boutique Research, Color & More Information for Subscribers
Two of the most widely talked about IPOs so far of 2015, Shake Shack (NYSE:SHAK) & Box (NYSE:BOX), released their first earnings report on Wednesday and both disappointed. Shake Shack posted a fourth quarter loss of $0.05 versus an expected loss of $0.02. And Box posted a wider than expected loss as the company ramps[…]
It was a lighter month in terms of quantity of IPOs that came to market in January. Just 13 deals came to market this month as compared to 17 deals that came to market in January 2014. But with what the new issues market lacked in number, it made up for it in quality with[…]
This past week one IPO debuted, twelve updated terms and one new deal filed. A highly anticipated deal, Box Inc. (NYSE: BOX), came to market on Friday after pricing $1 above the range ($14). ‘BOX’ opened 44% higher with a $20.20 print at first trade. Box fared even better in the aftermarket as the deal[…]
Last night, Box, Inc. (NYSE: BOX) priced its IPO $1 above the $11-$13 range at $14. The deal was 12.5 million shares and raised $175 million for the company. Box was the subject of a lot of media speculation this week. Box was valued at $2.4 billion during its last round of funding yet is[…]
According to the lead underwriter, Box, Inc. (NYSE: BOX) has priced 12.5 million shares at $14 and will debut on Friday (1/23). The initial range for the IPO as provided by the prospectus was $11-$13.
Fortune quotes a partner at venture capitalist Benchmark, Bill Gurley, in their February cover story: “I think you’re going to see a lot of failure in 2015.” The idea that tech start-ups can have a $1b valuation relatively easy is head scratching to some money-managers. The downfalls of repeated rounds of funding is laid out[…]
There is just one IPO on the schedule this week, Box, Inc. (NYSE: BOX) and it has at least one endorsement—one from CNBC’s Mad Money host Jim Cramer. “I bet a big thaw could be coming later this week in the form of a new offering that could get people very excited about IPOs again,”[…]
This past week two IPOs debuted, three updated terms and four new deals filed. The 2015 IPO market opened with a pair of deals that had an uninspiring performance. Patriot National (NYSE: PN) priced below the range, $14, and debuted with a first trade of $13.49. ‘PN’ never traded above its offering price on day[…]