IPO Pipeline Update – Week Ending 4.27.18

IPO Boutique keeps apprised of the active pipeline. Currently there are 61 active IPOs in the pipeline as of April 27, 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.

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NEW FILINGS

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

Company: MR2 Group, Inc.
Symbol: MRMR
Description: They are an intelligence empowered holding company that operates through our subsidiary, Precision Opinion, a full-service information research consulting firm with expertise in data-collection, research and analytics that commenced operations in 1996.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): ThinkEquity
Filed: 4-25-18
Listed Cash Raise: $17.25m

Company: EVO Payments, Inc.
Symbol: EVOP
Description: They are a global merchant acquirer and payment processor servicing approximately 525,000 merchants in North America and Europe and processing more than 900 million transactions in North America and 1.7 billion transactions in Europe annually.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): J.P. Morgan, BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, SunTrust Robinson Humphrey, Barclays, Cowen and Company, Goldman Sachs & Co., Regions Securities LLC, William Blair
Filed: 4-25-18
Listed Cash Raise: $100m

Company: Scholar Rock Holding Corporation
Symbol: SRRK
Description: They are a biopharmaceutical company focused on the discovery and development of innovative medicines for the treatment of serious diseases in which signaling by protein growth factors plays a fundamental role.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Jefferies, Cowen, BMO Capital
Co-Manager(s): Wedbush PacGrow
Filed: 4-27-18
Listed Cash Raise: $75m

Company: Kiniksa Pharmaceuticals, Ltd.
Symbol: KNSA
Description: They are a clinical-stage biopharmaceutical company focused on discovering, acquiring, developing and commercializing therapeutic medicines for patients suffering from debilitating diseases with significant unmet medical need.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Goldman Sachs, J.P. Morgan
Co-Manager(s): JMP Securities, Wedbush PacGrow
Filed: 4-27-18
Listed Cash Raise: $100m

Company: GreenSky, Inc.
Symbol: GKSY
Description: They are a leading technology company that powers commerce at the point of sale.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Goldman Sachs & Co., J.P. Morgan, Morgan Stanley, BofA Merrill Lynch, Citigroup, Credit Suisse, SunTrust Robinson Humphreu
Co-Manager(s): Raymond James, Sandler O’ Neill, Fifth Third Securities, Guggenheim Securities
Filed: 4-27-18
Listed Cash Raise: $100m

TERMS ADDED

Company: Construction Partners, Inc.
Symbol: ROAD
Description: They are one of the fastest growing civil infrastructure companies in the United States specializing in the building and maintenance of transportation networks.
Trade Date: 5/4
Shares: 11.3 million
Price Range: $15.00-$17.00
Underwriter(s): Baird, Raymond James, Stephens Inc
Co-Manager(s): Imperial Capital, D.A. Davidson & Co.
Terms Added: 4-23-18

Company: Inspire Medical Systems, Inc.
Symbol: INSP
Description: They are a medical technology company focused on the development and commercialization of innovative and minimally invasive solutions for patients with obstructive sleep apnea.
Trade Date: 5/3
Shares: 5 million
Price Range: $14.00-$16.00
Underwriter(s): BofA Merrill Lynch, Goldman Sachs & Co.
Co-Manager(s): Guggenheim Securities, Stifel, Wells Fargo Securities
Terms Added: 4-23-18

Company: PermRock Royalty Trust
Symbol: PRT
Description: They are a Delaware statutory trust formed in November 2017 by Boaz Energy, a portfolio company of NGP that is focused on the acquisition, development and operation of oil and natural gas properties in the Permian Basin.
Trade Date: 5/2
Shares: 6.25 million
Price Range: $19.00-$21.00
Underwriter(s): Wells Fargo Securities, Goldman Sachs & Co., UBS Investment Bank, Deutsche Bank, Jefferies, Stifel, Oppenheimer & Co.
Co-Manager(s): BB&T Capital, Janney Montgomery Scott
Terms Added: 4-23-18

Company: Carbon Black, Inc.
Symbol: CBLK
Description: They are a leading provider of next-generation endpoint security solutions.
Trade Date: 5/4
Shares: 8 million
Price Range: $15.00-$17.00
Underwriter(s): Morgan Stanley, J.P. Morgan
Co-Manager(s): KeyBanc Capital, William Blair, Raymond James, Cowen
Terms Added: 4-23-18

Company: Unity Biotechnology, Inc.
Symbol: UBX
Description: They are looking to develop a broad portfolio of drug candidates to treat the diseases of aging, and they plan to initiate their first clinical study of their lead drug candidate in the first half of 2018.
Trade Date: 5/3
Shares: 5 million
Price Range: $16.00-$18.00
Underwriter(s): Goldman Sachs & Co., Morgan Stanley, Citigroup
Co-Manager(s): Mizuho Securities
Terms Added: 4-23-18

Company: AXA Equitable Holdings, Inc.
Symbol: EQH
Description: They are one of America’s leading financial services companies and have helped clients prepare for their financial future with confidence since 1859.
Trade Date: 5/10
Shares: 137.3 million
Price Range: $24.00-$27.00
Underwriter(s): Morgan Stanley, J.P. Morgan, Barclays, Citigroup. BofA Merrill Lynch, Credit Suisse, Deutsche Bank Securities, Goldman Sachs & Co. BNP PARIBAS, SOCIETE GENERALE, ING, Credit Agricole CIB, HSBC, Natixis, RBC Capital Markets
Co-Manager(s): Lazard, BBVA, COMMERZBANK, Mizuho Securities, MUFG, PNC Capital Markets LLC, SMBC Nikko, SunTrust Robinson Humphrey, UniCredit Capital Markets
Terms Added: 4-26-18

Company: Origin Bancorp, Inc.
Symbol: OBNK
Description: They are a financial holding company headquartered in Ruston, Louisiana.
Trade Date: 5/9
Shares: 3.6 million
Price Range: $33.00-$35.00
Underwriter(s): Stephens Inc. Raymond James
Co-Manager(s): Keefe Bruyette & Woods, Sandler O’ Neill
Terms Added: 4-27-18

Company: BayCom Corp
Symbol: BCML
Description: They are a bank holding company headquartered in Walnut Creek, California.
Trade Date: 5/4
Shares: 2.27 million
Price Range: $21.00-$23.00
Underwriter(s): FIG Partners, D.A. Davidson
Terms Added: 4-27-18

IPO Pipeline Update – Week Ending 4.27.18
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