This past week two IPOs debuted, two updated terms and four new deals filed.
Two of the three deals this week opened below their respective offering prices. The deal that worked, National Commerce Corporation (NYSE: NCOM) was just a 1.7 million share offering. ‘NCOM’ priced mid-range, $19.50, and opened 8% higher with a $21.05 first trade. National Commerce Corporation hit a first week high of $22.45 for a 15% return above the IPO price.
It should be noted that one deal this week, Valeritas (Nasdaq: VLRX), did not debut as scheduled this week and has been moved to this coming week. Please refer to last week’s write-up and advisories for more information on ‘VLRX’.
Looking ahead to this week:
Solaredge Technology (Nasdaq: SEDG)
ViewRay Incorporated (Nasdaq: VRAY)