{"id":3048,"date":"2017-09-22T16:34:39","date_gmt":"2017-09-22T20:34:39","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=3048"},"modified":"2017-09-22T16:34:39","modified_gmt":"2017-09-22T20:34:39","slug":"ipo-weekly-recap-zai-lab-best-inc-shine-on-wednesday-to-remember","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/ipo-weekly-recap-zai-lab-best-inc-shine-on-wednesday-to-remember\/","title":{"rendered":"IPO Weekly Recap: Zai Lab, Best Inc shine on Wednesday to remember"},"content":{"rendered":"

It was a very strong week for the IPO market as four of the seven IPOs opened with greater than a 10% premium at first trade.\"IPOSumnmary092217\"<\/a><\/span><\/p>\n

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

The best deal this week was the <\/span>Zai Lab Limited (Nasdaq: ZLAB) <\/b>offering. The offering upsized from 5.88mm shares to 8.0mm shares and priced at the high-end of the range, $18.00. ZLAB opened with a first trade of $24.25 and traded even better in its first three days as a public company. Zai Lab Limited hit a first week high of $32.64 or 81.3% above its offering price marking it as the best first-week performing IPO in 2017 among cash raises greater than $25 million. Zai Lab Limited closed the week at $27.73 or 54% above the offering price.<\/span><\/p>\n

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

The week\u2019s largest deal, <\/span>Best Inc. (NYSE: BSTI)<\/b>, reworked the terms of its deal early in the week to appease investors and it paid off. \u2018BSTI\u2019 downsized from a 62.1mm shares offering to 45mm shares and decreased the range from $13-to-$15 to $10-$11. \u2018BSTI\u2019 priced at $10.00 and opened at $11.48 for a gain of 14.8% at first trade. In its third trading session Best Inc rallied and traded as high a $12.90 before a closing print of $12.05 for a gain of 20.5% as of Friday.<\/span><\/p>\n

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

Latin American travel company, <\/span>Despegar(.)Com Corp (NYSE: DESP)<\/b>, priced at the high-end of the range, $26.00, and opened with a $3.00 premium for an 11.5% gain at first trade. Despegar(.)com Corp hit a first week high of $33.34 or 28.2% above the offering price at top tick.\u00a0<\/span><\/p>\n

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

The two smaller healthcare offerings brought to market also performed very well. Celcuity LLC (Nasdaq: CELC)<\/b> upsized its offering from 2.0mm to 2.4mm and priced at $9.50 — the upper half of the range. CELC\u2019s opening print was $12.35 for an instant 30% return on the deal underwritten by Craig Hallum. Celcuity traded as high as $15.55 on its second trading session before closing the week at $13.63 or 43.4% above the offering price.<\/span><\/p>\n

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

Ladenburg Thalmann was the sole underwriter on the <\/span>Krystal Biotech (Nasdaq: KRYS)<\/b> offering which produced a $0.50 premium on a mid-range $10.00 pricing. The aftermarket appetite was not as strong on the KRYS offering as the deal touched its offering price on Friday and closed the session at $10.06.<\/span><\/p>\n

\"OasisPetroleium\"<\/a><\/span><\/p>\n

It should be noted that two deals <\/span>underperformed<\/span>. <\/span>Oasis Midstream Petroleum (NYSE: OMP)<\/b> priced $2.00 below its range, $17.00, and opened at $16.75. It should be noted that OMP states on their S-1\/A that they would pay an annual dividend of $1.50 which would be 8.9% given the $16.75 close on Friday.<\/span><\/p>\n

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

Secoo Holdings Limited (Nasdaq: SECO) <\/b>priced at the upper half of the range, $13.00, and opened with a $12.10 first print. SECO’s lowest print came at the end of the Friday session where the deal hit $9.97 before closing at an even $10.00 or 23.1% below the offering price.<\/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":"

It was a very strong week for the IPO market as four of the seven IPOs opened with greater than a 10% premium at first trade.   The best deal this week was the Zai Lab Limited (Nasdaq: ZLAB) offering. The offering upsized from 5.88mm shares to 8.0mm shares and priced at the high-end of[…]<\/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":[],"class_list":["post-3048","post","type-post","status-publish","format-standard","hentry","category-ipo","category-weekly-recap"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3048","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=3048"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3048\/revisions"}],"predecessor-version":[{"id":3050,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3048\/revisions\/3050"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=3048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=3048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=3048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}