{"id":1046,"date":"2015-11-20T17:53:46","date_gmt":"2015-11-20T22:53:46","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=1046"},"modified":"2015-11-20T17:53:46","modified_gmt":"2015-11-20T22:53:46","slug":"ipo-weekly-recap-11-20-15-high-profile-deals-square-match-debut-with-strength","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/ipo-weekly-recap-11-20-15-high-profile-deals-square-match-debut-with-strength\/","title":{"rendered":"IPO Weekly Recap &#8211; 11.20.15 &#8211; High Profile Deals Square, Match, Debut with Strength"},"content":{"rendered":"<p>This past week five IPOs debuted, zero updated terms and one new deal was filed.<\/p>\n<p>The trend in the IPO market continued as buy-side investors dictated pricings for new issues that came to the market. Of the five deals that debuted this past week, three priced below range and two priced at the low end of their ranges, respectively.<\/p>\n<p><a href=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2015\/11\/summary112015.png\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-1047\" src=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2015\/11\/summary112015.png\" alt=\"summary112015\" width=\"1271\" height=\"139\" srcset=\"https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2015\/11\/summary112015.png 1271w, https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2015\/11\/summary112015-600x66.png 600w, https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2015\/11\/summary112015-300x33.png 300w, https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2015\/11\/summary112015-1024x112.png 1024w\" sizes=\"(max-width: 1271px) 100vw, 1271px\" \/><\/a><\/p>\n<p><strong><b>Square (NYSE: SQ) <\/b><\/strong>priced $2.00 below range, $9.00, and opened $2.20 higher. The highly-anticipated tech deal traded as high as $14.78, good for a 64% return above the offering, before closing the week at $12.85. According to our sources, the vast majority of the deal was placed in fewer than a dozen accounts thus creating healthy after-market trading conditions. The other high-profile deal of the week, <strong><b>Match Group (Nasdaq: MTCH)<\/b><\/strong>, priced at the low end of the range ($12.00) and opened with a $1.50 premium. \u2018MTCH\u2019 also traded well in the aftermarket as the online-dating company \u2018flirted\u2019 with the $16-handle before settling the week at $15.20 \u2013or 27% above the offering price. <strong><b>Duluth<\/b><\/strong><strong><b> Holdings (Nasdaq: DLTH) <\/b><\/strong>priced $2.00 below the range and rewarded investors with a $1.00 premium above the $12.00 offering price. \u2018DLTH\u2019 traded as high as $14.45 on day one. <strong><b>Mimecast (Nasdaq: MIME) <\/b><\/strong>channel checked with considerable noise\u2026and did not disappoint on its opening day. \u2018MIME\u2019 priced at the low-end of the range, $10.00, and opened with a 1-point premium. The deal hit a first week high of $11.99, or 20% above the IPO price, before closing the week at $10.15.<\/p>\n<p>It should be noted that a trio of deals that were scheduled to debut this week, <strong><b>Truck Hero (NYSE: TRUK), Noble Midstream Partners (NYSE: NBLX) <\/b><\/strong>and <strong><b>congatec Holding ag (Nasdaq: CONG)<\/b><\/strong>, were postponed due to market conditions according to their respective underwriters.<\/p>\n<p>Looking ahead to this week, there are no deals on the schedule as the market takes a recess for the Thanksgiving holiday. All of us at IPOBoutique wish you a Happy Thanksgiving!<\/p>\n<p>Please check your emails early and often. We may upgrade or downgrade an IPO and or secondary \u2013sometimes with not as much notice as we would like to give. If you have interest in IPOs do NOT delay your IOI\u2019s (hopefully they are already in)\u2026you can always cancel them. We will keep you posted if and as when\u2026we have anything pertinent to add. The current number of \u201cactive\u201d IPOs in the pipeline as of <span data-term=\"goog_1243657324\">11\/20\/15<\/span> is 77. Good luck trading!<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This past week five IPOs debuted, zero updated terms and one new deal was filed. The trend in the IPO market continued as buy-side investors dictated pricings for new issues that came to the market. Of the five deals that debuted this past week, three priced below range and two priced at the low end[&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[24,141],"tags":[708,706,704,709,702,705,703,707],"class_list":["post-1046","post","type-post","status-publish","format-standard","hentry","category-ipo","category-weekly-recap","tag-axsm","tag-cong","tag-dlth","tag-mime","tag-mtch","tag-nblx","tag-sq","tag-truk"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/1046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=1046"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/1046\/revisions"}],"predecessor-version":[{"id":1048,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/1046\/revisions\/1048"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=1046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=1046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=1046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}