IPO Weekly Recap: Opening week of June starts slow

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This past week one IPO debuted, 11 IPOs updated terms and a eight new IPOs were filed.

This past week just one of the two IPOs on the schedule debuted.

MeiraGTx Holdings (MGTX) priced at the midpoint of the $14-$16 range, $15.00, and opened with just $0.10 of premium. The deal was stabilized “nicely” and traded in a very tight range in the first hour as a public company.  While MGTX did break the offering price on day one…the deal closed at $15.00 or flat versus its offering price. 

M17 Entertainment Holdings (YQ), on the other hand, was a complete mess. This company was scheduled to debut on Thursday but did not. There was a “possibility” that it would trade Friday, but again did not. It is now considered in day-to-day status and we “expect” the company will need to file paperwork in order to get back on the road to performing its IPO.

As for this week, there are six deals on the schedule…click on the logo below to get a brief preview. More comprehensive research and color (Demand) on each of the deal is available for IPO Boutique subscribers.

VRCA

Puxin

AVLR

USX

CHRA

ADIN

 

 

IPO Weekly Recap: Opening week of June starts slow
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