{"id":3872,"date":"2018-02-02T10:34:40","date_gmt":"2018-02-02T15:34:40","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=3872"},"modified":"2018-02-02T10:34:40","modified_gmt":"2018-02-02T15:34:40","slug":"ipo-weekly-recap-mixed-bag-as-airport-concessions-companies-struggle-in-debut","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/ipo-weekly-recap-mixed-bag-as-airport-concessions-companies-struggle-in-debut\/","title":{"rendered":"IPO Weekly Recap: Mixed bag as airport concessions companies struggle in debut"},"content":{"rendered":"

Place more than four decades of experience on your team. We use a combination of underwriter contacts, global sources and contacts at large institutional funds to provide the <\/span>TRUEST<\/b> picture of how an IPO is shaping up prior to its debut. We are on <\/span>your team. <\/b>Additionally, we provide comprehensive research to outline short and long term risks of the new companies\u2026.. <\/span>A full-service firm! <\/b><\/em><\/p>\n

 <\/p>\n

The IPO market had a choppy week as seven offerings came to market with a mixed bag of success. The seven offerings in total raised $3.2bn in cash which<\/span> surpasses<\/b> the entire total in February 2017. Thus far in 2018…there have been 20 offerings raised $9.9bn in cash — and this does not include SPACs. <\/span><\/p>\n

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

FTS International (FTSI) <\/b>upsized its offering and priced at the top of the $15-$18 range. And opened with a $1.00 premium for a 5.4% gain at first trade.<\/span><\/p>\n

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

Healthcare deals continued to fare well out of the gates with <\/span>Sol-Gel Technologies (SLGL) <\/b>upsizing its offering from 5.0mm to 6.25mm shares, pricing at the midpoint of the range ($12.00), and opening 28% above the offering price with a $15.33 first trade. SLGL did cool off and closed its opening session at $13.64 or 13.7% above the offering price.<\/span><\/p>\n

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

A second straight REIT IPO came to market successfully as<\/span> VICI Properties (VICI) <\/b>raised $1.21bn with an upsized offering (60.5mm at $20.00). VICI gave IPO investors a healthy premium (given the sector) with a $21.08 first trade — 5.4% above the offering price. <\/span><\/p>\n

\"HudsonGroup.jpg\"<\/a><\/p>\n

Both airport concessions company coming to market struggled. <\/span>Hudson Ltd (HUD) <\/b>priced at the low-end of the range, $19.00, and opened with a first trade of $17.95 for a loss of 5.5% at first trade. <\/span>Corporacion America Airport (CAAP)<\/b> priced $2.00 below range, $17.00 and opened flat. CAAP broke the offering price within minutes of hitting the public market.<\/span><\/p>\n

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

Central Puerto S.A. (CEPU) <\/b>downsized its offering and priced $1.00 below the $17.50-$21.50 range. The deal opened flat and broke its offering price within minutes of trading.<\/span><\/p>\n

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

The Roth Capital led <\/span>One Stop Systems (OSS) <\/b>IPO fared well at first trade with an 11.0% premium above a $5.00 below-range pricing. <\/span>OSS did sell-off in its opening session and closed at $4.88 or 2.4% below the issue price.<\/span><\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Place more than four decades of experience on your team. We use a combination of underwriter contacts, global sources and contacts at large institutional funds to provide the TRUEST picture of how an IPO is shaping up prior to its debut. We are on your team. Additionally, we provide comprehensive research to outline short and[…]<\/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":[141],"tags":[],"class_list":["post-3872","post","type-post","status-publish","format-standard","hentry","category-weekly-recap"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3872","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=3872"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3872\/revisions"}],"predecessor-version":[{"id":3873,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3872\/revisions\/3873"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=3872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=3872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=3872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}