This week four IPOs debuted, nine IPOs updated terms and one new IPO filed.
The week of 6/10/19-6/14/19 saw one of the hottest weeks in the IPO market in recent memory. Three of the four deals saw their stock trade more than 85% above the issue price in its opening session and two doubled in their opening week.
CrowdStrike Holdings Inc (CRWD) — This IPO lived up to the mania. CrowdStrike priced a full-size deal, 18.0mm shares, at $34.00 or $4.00 above the upwardly-revised $28-$30 range. The scorching hot deal opened at $63.50 for a gain of 86.8% at first trade. The deal hit a first week high of $70.79 for a top tick of 108.2%.
Fiverr International Holdings Inc (FVRR) priced a full-size deal, 5.26mm shares, at $21.00 (one-dollar above range) and opened at $26.00 for a gain of 23.8% at first trade. FVRR traded straight up during its opening session to as high as $41.68 on day one and a first week high of $44.25 for a high print of 110.7% above the $21.00 issue price.
Chewy Inc (CHWY) — This IPO followed suit and had a first day performance that even surpassed our high expectations. The deal was upsized from 41.6mm shares to 46.5mm shares and priced at $22 marking a $1.023bn cash raise. The stock opened at $36.00 for a gain of 63.8% at first trade. CHWY traded as high as $41.34, at the time of this writing, for a high of 87.9%.
Mohawk Group Holdings (MWK) — This Roth Capital led deal priced 3.6mm shares at $10.00 or $4.00 under the $14-$16 range and opened at $10.00. Within seconds of opening, MWK broke the issue price and was trending lower throughout its opening week (low of $8.33 at the time of this writing).
Looking ahead to this week, there are seven IPOs (including six biotech offerings) on the schedule.
Why IPO Boutique? – IPOs and Secondary Offerings are a niche and highly volatile area of investing. Knowing which deals to get in is only half as valuable as knowing which deals to avoid. (IPO Boutique Article)
English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
Spanish