{"id":2438,"date":"2017-06-23T21:23:06","date_gmt":"2017-06-24T01:23:06","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=2438"},"modified":"2017-06-23T21:25:53","modified_gmt":"2017-06-24T01:25:53","slug":"ipo-weekly-recap-37-upsize-does-not-stop-altice-momentum","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/ipo-weekly-recap-37-upsize-does-not-stop-altice-momentum\/","title":{"rendered":"IPO Weekly Recap: 37% upsize does not stop Altice momentum"},"content":{"rendered":"

Four IPOs came to market including a strong debut from the second largest cash raise to debut in 2017.<\/span><\/p>\n

\"IPO<\/a><\/p>\n

Altice USA (NYSE: ATUS) <\/b>upsized its offering 37% and raised $1.91bn with a slightly above mid-range $30.00 pricing. \u2018ATUS\u2019 opened with a first trade of $31.60, or 5.3% above the offering price, and rallied in its first few days as a publicly traded company to a high of $35.29 or 17.6% above the offering price.<\/span><\/p>\n

There were three REITs on the schedule and two of them disappointed while the other (Four Springs Capital Trust) postponed its offering due to market conditions. <\/span>Safety, Income and Growth, Inc. (NYSE: SAFE) <\/b>priced at the midpoint of its range, $20.00, and opened $1.00 below the offering price. <\/span>Granite Point Mortgage Trust (NYSE: GPMT) <\/b>priced $0.50 below range, $19.50, and opened 6.4% below that with an $18.25 tick at first trade.<\/span><\/p>\n

SG Blocks (Nasdaq: SGBX)\u00a0<\/strong>finalized its $7.5m offering by pricing 1.5mm shares at the low-end of the range, $5.00. The deal opened a quarter below the range and had relatively little fanfare in its opening week.<\/p>\n

Looking ahead to this week, there are eight new IPOs on the schedule. Click Here to read more about the week’s upcoming offerings.\u00a0<\/a><\/strong><\/span><\/p>\n

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If you indicate for IPOs or Secondary Offerings on a regular basis \u2014 place IPO Boutique on your team. Subscribe Today!<\/a><\/strong><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Four IPOs came to market including a strong debut from the second largest cash raise to debut in 2017. Altice USA (NYSE: ATUS) upsized its offering 37% and raised $1.91bn with a slightly above mid-range $30.00 pricing. \u2018ATUS\u2019 opened with a first trade of $31.60, or 5.3% above the offering price, and rallied in its[…]<\/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":[1259,1223,1222,1270,1064],"class_list":["post-2438","post","type-post","status-publish","format-standard","hentry","category-ipo","category-weekly-recap","tag-atus","tag-fspr","tag-gpmt","tag-safe","tag-sgbx"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2438","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=2438"}],"version-history":[{"count":4,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2438\/revisions"}],"predecessor-version":[{"id":2443,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2438\/revisions\/2443"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=2438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=2438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=2438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}