SUBSCRIBE TO IPOBoutique’s Free Weekly Newsletter The IPO market was active for the first half of February but then deals came to a screeching halt. Eleven total deals set terms yet only seven came to market. This included the $1.54bn cash raise from Invitation Homes which was the largest cash raise since First Data Corporation[…]
IPO Pricings – Foundation Building Materials, Clipper Realty on deck (2.9.17)
Clipper Realty (NYSE: CLPR) — The FBR led deal priced a down-sized 5.7mm shares at the low-end of the range, $13.00. The initial filing was for 7.1mm shares between 13.50-$15.50. Foundation Building Materials (NYSE: FBM) — According to the lead left underwriter, $FBM priced a 12.8mm shares at $14.00. The week’s largest offering was looking for roughly $230mm[…]
Roadshow buyouts becoming a ‘thing’
Mauser Group B.V. was expected to go public on Thursday and raise roughly $265mm if its 12.6mm offering was priced at the mid-point of the $20-$22 range. Instead, the PE firm, Clayton, Dubilier & Rice (CD&E), decided to sell the supplier of industrial rigid packaging products and reconditioning services to Stone Canyon Industries for an all-cash transaction of[…]
Snap, Hamilton Lane highlight new filings in IPO Pipeline
NEW FILINGS Company: Hamilton Lane Incorporated Symbol: HLNE Price: TBD Description: They are a global private markets investment solutions provider with approximately $40 billion of assets under management and approximately $274 billion of assets under advisement. Trade Date: TBD Shares: TB Underwriter(s): J.P. Morgan, Morgan Stanley Co Manager(s): Goldman Sachs & Co., Keefe Bruyette &[…]
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