IPO Boutique keeps apprised of the active pipeline. Currently there are 74 active IPOs in the pipeline as of October 6, 2017. No SPACs or Unit Offerings are included. While the numbers may look diminished, we outlined why “looks may be perceiving” when it comes to the IPO pipeline in this article.
NEW FILINGS
Company: Altair Engineering, Inc
Symbol: ALTR
Description: They are a leading provider of enterprise-class engineering software enabling innovation across the entire product lifecycle from concept design to in-service operation.
Trade Date: TBD
Underwriter(s): J.P. Morgan, RBC Capital Markets, Deutsche Bank Securities
Co-Manager(s): William Blair, Canaccord Genuity
Filed 9-29-17
Listed Cash Raise: $150 million
Company: National Vision Holdings, Inc.
Symbol: EYE
Description: They are one of the largest and fastest growing optical retailers in the United States and a leader in the attractive value segment of the U.S. optical retail industry.
Trade Date: TBD
Underwriter(s): KKR
Filed 9-29-17
Listed Cash Raise: $100 million
Company: Hexindai, Inc
Symbol: HX
Description: They are a fast-growing consumer lending marketplace facilitating loans to meet the increasing consumption demand of the emerging middle class in China.
Trade Date: TBD
Underwriter(s): Network 1 Securities
Filed 9-29-17
Listed Cash Raise: $80 million
Company: Forescout Technologies, Inc.
Symbol: FSCT
Description: They have pioneered an agentless approach to network security to protect organizations against the emerging threats that exploit the billions of devices connected to organizations’ networks.
Trade Date: TBD
Underwriter(s): Morgan Stanley, J.P. Morgan, Citigroup
Co-Manager(s): BofA Merrill Lynch, UBS Investment Bank, KeyBanc Capital Markets
Filed 9-29-17
Listed Cash Raise: $100 million
Company: EWT Holdings I Corp
Symbol: AQUA
Description: They are a leading provider of mission critical water treatment solutions, offering services, systems and technologies to support our customers’ full water lifecycle needs.
Trade Date: TBD
Underwriter(s): Credit Suisse, J.P. Morgan
Filed: 10-3-17
Listed Cash Raise: $100 million
Company: Metropolitan Bank Holding Corp.
Symbol: MCB
Description: They are a bank holding company headquartered in New York, New York and registered under the Bank Holding Company Act of 1956, as amended (the BHC Act).
Trade Date: TBD
Underwriter(s): J.P. Morgan, Keefe Bruyette & Woods
Co-Manager: Piper Jaffray
Filed: 10-3-17
Listed Cash Raise: $100 million
Company: Funko, Inc
Symbol: FNKO
Description: They are a leading pop culture consumer products company.
Trade Date: TBD
Underwriter(s): Goldman Sachs & Co., J.P. Morgan, BofA Merrill Lynch
Co-Manager(s): Piper Jaffray, Jefferies, Stifel, BMO Capital Markets, SunTrust Robinson Humphrey
Filed 10-06-17
Listed Cash Raise: $100 million
Company: Allena Pharmaceuticals, Inc.
Symbol: ALNA
Description: They are a late-stage clinical biopharmaceutical company dedicated to developing and commercializing first-in-class, oral enzyme therapeutics to treat patients with rare and severe metabolic and kidney disorders.
Trade Date: TBD
Underwriter(s): Credit Suisse, Jefferies, Cowen & Company
Co-Manager(s): Wedbush PacGrow
Filed 10-06-17
Listed Cash Raise: $92 million
Company: Spero Therapeutics, Inc.
Symbol: SPRO
Description: They are a multi-asset, clinical-stage biopharmaceutical company focused on identifying, developing and commercializing novel treatments for multi-drug resistant bacterial infections.
Trade Date: TBD
Underwriter(s): BofA Merrill Lynch, Cowen & Company, Stifel
Co-Manager(s): Oppenheimer & Co.
Filed 10-06-17
Listed Cash Raise: $86.25 million
Company: Aquantia Corp.
Symbol: AQ
Description: They are a leader in the design, development and marketing of advanced high-speed communications integrated circuits, or ICs, for Ethernet connectivity in the data center, enterprise infrastructure and access markets.
Trade Date: TBD
Underwriter(s): Morgan Stanley, Barclays, Deutsche Bank Securities
Co-Manager(s): Needham & Co., Raymond James
Filed 10-06-17
Listed Cash Raise: $86.25 million
Company: ERYTECH Pharma S.A.
Symbol: ERYP
Description: They are a biopharmaceutical company developing innovative therapies for rare forms of cancer and orphan diseases. Their ordinary shares are listed on Euronext Paris under the symbol ‘ERYP’.
Trade Date: TBD
Underwriter(s): Jefferies, Cowen, Oddo BHF
Co-Manager(s): JMP Securities
Filed 10-06-17
Listed Cash Raise: $100 million
TERMS ADDED
Company: CarGurus, Inc.
Symbol: CARG
Description: CarGurus is a global, online automotive marketplace connecting buyers and sellers of new and used cars.
Shares: 9.4 million
Price Range: $13.00-$15.00
Trade Date: 10/12
Underwriter(s): Goldman Sachs & Co., Allen & Company, RBC Capital Markets
Co-Manager(s): JMP Securities, Raymond James, William Blair
Company: OrthoPediatrics Corp.
Symbol: KIDS
Description: They are the only medical device company focused exclusively on providing a comprehensive product offering to the pediatric orthopedic market in order to improve the lives of children with orthopedic conditions.
Shares: 9.4 million
Price Range: $12.00-$14.00
Trade Date: 10/12
Underwriter(s): Piper Jaffray, Stifel
Co-Manager(s): William Blair, BTIG
Terms Added: 10-3-17
Company: Optinose Inc.
Symbol: OPTN
Description: They are a specialty pharmaceutical company focused on the development and commercialization of products for patients treated by ear, nose and throat, or ENT, and allergy specialists.
Shares: 6.25 million
Price Range: $15.00-$17.00
Trade Date: 10/13
Underwriter(s): Jefferies, Piper Jaffray, BMO Capital Markets, RBC Capital Markets
Terms Added: 10-3-17
Company: Qudian Inc.
Symbol: QD
Description: They are a provider of online credit products, we use big data-enabled technologies, such as artificial intelligence and machine learning, to transform the consumer finance experience in China.
Shares: 37.5 million ADSs
Price Range: $19.00-$22.00
Trade Date: 10/18
Underwriter(s): Morgan Stanley, Credit Suisse, Citigroup, CICC, UBS Investment Bank
Co-Manager(s): Stifel, Needham & Co.
Terms Added: 10-3-17
Company: MongoDB, Inc.
Symbol: MDB
Description: MongoDB is the leading modern, general purpose database platform. Our platform unleashes the power of software and data for developers and the applications they build.
Shares: 8 million
Price Range: $18.00-$20.00
Trade Date: 10/19
Underwriter(s): Morgan Stanley, Goldman Sachs & Co., Barclays, Allen & Company LLC
Co-Manager(s): Stifel, Canaccord Genuity, JMP Securities
Terms Added: 10-6-17
Company: RISE Education Cayman Ltd.
Symbol: REDU
Description: They operate in Chinas junior English Language Training, or ELT, market, which refers to after-school English teaching and tutoring services provided by training institutions to students aged three to 18.
Shares: 11 million ADSs
Price Range: $12.00-$14.00
Trade Date: 10/20
Underwriter(s): Morgan Stanley, Credit Suisse, UBS
Co-Manager(s): HSBC
Terms Added: 10-6-17
Company: Sea Limited
Symbol: SE
Description: They have developed an integrated platform consisting of digital entertainment (focused on online games), e-commerce, and digital financial services (focused on e-wallet services), each localized to meet the unique characteristics of GSEA. We define GSEA as the combined region of Indonesia, Taiwan, Vietnam, Thailand, the Philippines, Malaysia and Singapore.
Shares: 49.69 million
Range: $12.00-$14.00
Trade Date: TBD
Underwriter(s): Goldman Sachs (Asia), Morgan Stanley, Credit Suisse
Co-Manager(s): CITIC, CLSA, Citigroup, Cowen, Nomura, Piper Jaffray, Stifel, Mandiri Sekuritas, PWP Securities, BDO Capital & Investment Corporation, Cathay Securities Corporation, DBS Bank Ltd., Viet Capital
Securities
Terms Added: 10-6-17
Company: LiveXLive Media, Inc.
Symbol: LIVX
Description: They are one of the world’s only premium internet networks devoted to live music and music-related video content.
Shares: 7.69 million
Price Range: $12.00-$14.00
Trade Date: TBD
Underwriter(s): BMO Capital Markets
Co-Manager(s): JMP Securities, Craig Hallum Group
Terms Added: 10-6-17
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