{"id":4552,"date":"2018-07-13T11:06:35","date_gmt":"2018-07-13T15:06:35","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=4552"},"modified":"2018-07-13T11:06:35","modified_gmt":"2018-07-13T15:06:35","slug":"afg-holdings-inc-ipo-preview-afgl","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/afg-holdings-inc-ipo-preview-afgl\/","title":{"rendered":"AFG Holdings, Inc. #IPO Preview ($AFGL)"},"content":{"rendered":"

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

Company: AFG Holdings, Inc.<\/strong>
\nSymbol: AFGL
\nDescription: They are a leading original equipment manufacturer that designs and manufactures highly-engineered, mission critical equipment and provides complementary consumable products, parts and aftermarket services
\nTrade Date: 7\/19
\nShares: 18.2 million
\nPrice Range: $15.00-$18.00
\nUnderwriter(s): Goldman Sachs, Credit Suisse, Simmons & Company International, Barclays, Citigroup, Evercore ISI, Wells Fargo Securities
\nCo-Manager(s): Jefferies, Raymond James, Tudor, Pickering, Holt & Co.
\nTerms Added: 7-9-18<\/p>\n

Link to Prospectus<\/a><\/strong><\/p>\n

Link to Retail Roadshow<\/a><\/strong><\/p>\n

Business<\/strong>:\u00a0 They serve a diverse range of customers in the global oil and gas and general industrial end markets. They have a proven track record in new technology development and product commercialization, as well as decades of experience working with their customers to manufacture state-of-the-art, specialized equipment that meets their stringent requirements. Their fully-integrated business model allows them to optimize their supply chain, deliver high quality products and control their cost structure, resulting in high margins and a compelling cash flow profile. They have minimal debt and significant liquidity, which will enable them to continue pursuing strategic organic growth initiatives and acquisitions of synergistic businesses. They believe they are well-positioned to capture additional market share through these initiatives and acquisitions, while taking advantage of improving secular trends and fundamentals in their end markets.<\/p>\n

Financials:\u00a0<\/strong>For the year ended December 31, 2017, they generated pro forma net income of approximately $72.3 million, Adjusted EBITDA of approximately $46.2 million (consisting of $9.4 million for the period from January 1, 2017 to June 8, 2017 and $36.8 million for the period from June\u00a09, 2017 to December\u00a031, 2017) and Adjusted EBITDA margin of approximately 10.5%. For the three months ended March 31, 2018, they generated net income of approximately $7.5 million, Adjusted EBITDA of approximately $26.1 million and Adjusted EBITDA margin of approximately 15.3%. As of March\u00a031, 2018, their backlog of contracted work was approximately $482 million.<\/p>\n

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

Book-Building Status<\/strong>: The way the book comes together during the week of the roadshow is the most critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.<\/p>\n

IPO Boutique subscription clients receive daily updates on this critical information.<\/span><\/a><\/p>\n

Conclusion<\/strong>: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a\u00a0track record<\/span><\/a>\u00a0with our performance for last 12 years at our website. Additionally, here’s a 2017 recap of our performance<\/a>\u00a0to showcase the value of IPO Boutique’s service.<\/p>\n

Indicate with confidence,\u00a0<\/b>SUBSCRIBE<\/b><\/a>\u00a0today.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Company: AFG Holdings, Inc. Symbol: AFGL Description: They are a leading original equipment manufacturer that designs and manufactures highly-engineered, mission critical equipment and provides complementary consumable products, parts and aftermarket services Trade Date: 7\/19 Shares: 18.2 million Price Range: $15.00-$18.00 Underwriter(s): Goldman Sachs, Credit Suisse, Simmons & Company International, Barclays, Citigroup, Evercore ISI, Wells Fargo[…]<\/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],"tags":[1526],"class_list":["post-4552","post","type-post","status-publish","format-standard","hentry","category-ipo","tag-afgl"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4552","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=4552"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4552\/revisions"}],"predecessor-version":[{"id":4555,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4552\/revisions\/4555"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=4552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=4552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=4552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}