IPO Boutique keeps apprised of the active pipeline. Currently there are 63 active IPOs in the pipeline as of April 22, 2018. 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: Evelo Biosciences, Inc.
Symbol: EVLO
Description: Evelo Biosciences is discovering and developing potential therapies designed to act on the gut-body network.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Morgan Stanley, Cowen, BMO Capital Markets
Co-Manager(s): JMP Securities
Filed: 4-13-18
Listed Cash Raise: $100m
Company: Adial Pharmaceuticals
Symbol: ADIL
Description: They are a clinical-stage biopharmaceutical company focused on the development of a therapeutic agent for the treatment of alcohol use disorder using their lead investigational new drug product, AD04, a selective serotonin-3 antagonist.
Trade Date: TBD
Shares: 1.5 million
Price Range: $5.00-$5.00
Underwriter(s): Joseph Gunnar & Co.
Terms Added: 4-16-18
Note: Previously Postponed in February 2018
Company: Pluralsight, Inc.
Symbol: PS
Description: Pluralsight is an enterprise software company committed to closing the global technology skills gap.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Morgan Stanley, J.P. Morgan, Barclays, BofA Merrill Lynch
Co-Manager(s): First Analysis Securities, Needham & Co., Raymond James, SunTrust Robinson Humphrey
Terms Added: 4-16-18
Listed Cash Raise: $100m
Company: The Lovesac Company
Symbol: LOVE
Description: They are a technology driven, omni-channel company that designs, manufactures and sells unique, high quality furniture comprised of modular couches called Sactionals and premium foam beanbag chairs called Sacs.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Roth Capital Partners
Filed: 4-20-18
Listed Cash Raise: $46m
TERMS ADDED
Company: Smartsheet Inc.
Symbol: SMAR
Description: They are a leading cloud-based platform for work execution, enabling teams and organizations to plan, capture, manage, automate, and report on work at scale, resulting in more efficient processes and better business outcomes.
Shares: 11.6 million
Price Range: $10.00-$12.00
Trade Date: 4/27
Underwriter(s): Morgan Stanley, J.P. Morgan, Jefferies, RBC Capital
Co-Manager: Canaccord Genuity, William Blair, SunTrust Robinson Humphrey
Terms Added: 4-16-18
Company: nLIGHT, Inc.
Symbol: LASR
Description: They are a leading provider of high-power semiconductor and fiber lasers.
Trade Date: 4/27
Shares: 5.4 million
Price Range: $13.00-$15.00
Underwriter(s): Stifel, Raymond James
Co-Manager(s): Needham & Co., Canaccord Genuity, D.A. Davidson
Terms Added: 4-16-18
Company: Taiwan Liposome Company, Ltd.
Symbol: TLC
Description: They are a clinical-stage specialty pharmaceutical company dedicated to the development and commercialization of best-in-class novel nanomedicines that combine our proprietary lipid-assembled drug delivery platform with approved active pharmaceutical ingredients (APIs).
Trade Date: 4/26
Shares: 4.7 million ($35m cash raise)
Price Range: $7.46-$7.46
Underwriter(s): Cantor
Co-Manager(s): CLSA, H.C. Wainwright, Janney Montgomery Scott, Laidlaw & Co. (UK) Ltd.
Terms Added: 4-16-18
Note: Their common shares are currently listed on the Taipei Exchange. On April 12, 2018, the last reported sale price of their common shares on the Taipei Exchange was NT$109.00 per share, or approximately $3.73 per share, equivalent to a price of $7.46 per ADS.
Company: ASLAN Pharmaceuticals Limited
Symbol: ASLN
Description: They are a clinical-stage oncology-focused biopharmaceutical company based in Singapore developing novel therapeutics for global markets. We target diseases that are both highly prevalent in Asia and orphan indications in the United States and Europe.
Shares: 7.5 million ADSs
Price Range: $8.05-$8.05
Trade Date: 5/3
Underwriter(s): Leerink Partners, Piper Jaffray
Co-Manager: BTIG, H.C. Wainwright & Co., CLSA
Terms Added: 4-16-18
Note: Their ordinary shares are currently listed on the Taipei Exchange, or TPEx.
Company: DocuSign, Inc.
Symbol: DOCU
Description: DocuSign accelerates the process of doing business for companies, and simplifies life for their customers and employees.
Shares: 21.7 million
Price Range: $24.00-$26.00
Trade Date: 4/27
Underwriter(s): Morgan Stanley, J.P. Morgan, Citigroup, BofA Merrill Lynch, Deutsche Bank Securities
Co-Manager(s): JMP Securities, Piper Jaffray, William Blair
Terms Added: 4-17-18
Company: Goosehead Insurance, Inc.
Symbol: GSHD
Description: They are a leading independent personal lines insurance agency, based on personal lines revenue, reinventing the traditional approach to distributing personal lines products and services throughout the United States.
Trade Date: 4/27
Shares: 8.5 million
Price Range: $14.00-$16.00
Underwriter(s): J.P. Morgan, BofA Merrill Lynch
Co-Manager(s): Keefe Bruyette & Woods, William Blair
Terms Added: 4-17-18
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