IPO Pipeline Update: 7.14.18

IPO Boutique keeps apprised of the active pipeline. Currently there are 72 active IPOs in the pipeline as of July 14, 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

IPO Boutique keeps apprised of the active pipeline. Currently there are 72 active IPOs in the pipeline as of June 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: Sonos, Inc.
Symbol: OPRA
Description: Sonos was founded with a clear mission—to fill every home with music. This mission led them to invent wireless multi-room home audio.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Morgan Stanley, Goldman Sachs, Allen & Co., RBC, Jefferies, KKR
Co-Manager(s): Raymond James, Stifel
Filed: 7-6-18
Listed Cash Raise: $100m

Company: Arlo Technologies, Inc.
Symbol: ARLO
Description: Arlo combines an intelligent cloud infrastructure and mobile app with a variety of smart connected devices that transform the way people experience the connected lifestyle.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): BofA Merrill Lynch, Deutsche Bank Securities, Guggenheim Securities
Co-Manager(s): Raymond James, Cowen, Imperial Capital
Filed: 7-6-18
Listed Cash Raise: $100m

Company: Vaccinex, Inc.
Symbol: VCNX
Description: They are a clinical-stage biotechnology company engaged in the discovery and development of targeted biotherapeutics to treat serious diseases and conditions with unmet medical needs, including cancer, neurodegenerative diseases, and autoimmune disorders.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Oppenheimer & Co., BTIG
Co-Manager(s): Ladenburg Thalmann
Filed: 7-9-18
Listed Cash Raise: $46m

Company: CURE Pharmaceuticals
Symbol: CURR
Description: They are a drug formulation and delivery technology company that researches and manufactures novel dosage forms to improve drug safety, efficacy and patient adherence.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): TBD
Filed: 7-9-18
Listed Cash Raise: TBD

Company: Select Interior Concepts, Inc.
Symbol: SIC
Description: They are a premier installer and nationwide distributor of interior building products with leading market positions in residential interior design services in highly attractive markets.tures novel dosage forms to improve drug safety, efficacy and patient adherence.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): TBD
Filed: 7-9-18
Listed Cash Raise: TBD

Company: ToughBuilt Industries, Inc.
Symbol: TBLT
Description: They market and distribute various home improvement and construction product lines for both the do-it-yourself and professional markets under TOUGHBUILT brand name, within the global multi-billion dollar per year tool market industry.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Joseph Gunnar
Filed: 7-9-18
Listed Cash Raise: $17.25m

Company: YayYo, Inc.
Symbol: YAYO
Description: The Company is a holding company operating through its wholly-owned subsidiaries, including Distinct Cars, LLC, a Delaware limited liability company , Savvy LLC, a Delaware limited liability company , Rideyayyo LLC, a Delaware limited liability company and Rideshare Car Rentals LLC, a Delaware limited liability company.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): TBD
Filed: 7-10-18

Company: CNFinance Holdings Limited
Symbol: TBD
Description: They are a leading home equity loan service provider in China with established business infrastructure.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): J.P. Morgan, Credit Suisse
Filed: 7-11-18
Listed Cash Raise: $200m

Company: CBM Bancorp, Inc
Symbol: CBMB
Description: Chesapeake Bank of Maryland is a federally chartered savings bank headquartered in Baltimore, Maryland.
Trade Date: TBD
Shares: 3.68 million
Price Range: $10.00-$10.00
Underwriter(s): Raymond James
Filed 7-13-18
Note: This is a Subscription Offering

Company: Urovant Sciences Ltd.
Symbol: UROV
Description: They are a clinical-stage biopharmaceutical company focused on developing and commercializing innovative therapies for urologic conditions.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): J.P. Morgan, Jefferies, Cowen
Filed: 7-13-18
Listed Cash Raise: $150m

Company: Mesa Air Group, Inc.
Symbol: MESA
Description: They are a regional air carrier providing scheduled passenger service to 110 cities in 38 states, the District of Columbia, Canada, Mexico and the Bahamas.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Raymond James, BofA Merrill Lynch
Co-Manager(s): Cowen, Stifel, Imperial Capital
Filed: 7-13-18
Listed Cash Raise: $150m

TERMS ADDED

Company: Rubius Therapeutics, Inc.
Symbol: RUBY
Description: They are pioneering the development of a new class of medicines, Red Cell Therapeutics, or RCTs.
Trade Date: 7/19
Shares: 9.53 million
Price Range: $20.00-$22.00
Underwriter(s):J.P. Morgan, Morgan Stanley, Jefferies, Leerink Partners
Terms Added: 7-9-18

Company: Bloom Energy Corporation
Symbol: BE
Description: Their mission is to make clean, reliable, and affordable energy for everyone in the world.
Trade Date: 7/25
Shares: 18.0 million
Price Range: $13.00-$15.00
Underwriter(s): J.P. Morgan, Morgan Stanley, Credit Suisse, KeyBanc Capital, BofA Merrill Lynch
Co-Manager(s): Baird, Cowen, HSBC, Oppenheimer & Co., Raymond James
Terms Added: 7-9-18

Company: Crinetics Pharmaceuticals, Inc.
Symbol: CRNX
Description: They are a clinical stage pharmaceutical company focused on the discovery, development and commercialization of novel therapeutics for rare endocrine diseases and endocrine-related tumors.
Trade Date: 7/18
Shares: 5.0 million
Price Range: $15.00-$17.00
Underwriter(s): J.P. Morgan, Leerink Partners, Piper Jaffray
Terms Added: 7-9-18

Company: Allakos Inc.
Symbol: ALLK
Description: They are are a clinical stage biotechnology company developing AK002, our wholly owned monoclonal antibody, for the treatment of various eosinophil and mast cell related diseases.
Trade Date: 7/19
Shares: 6 million
Price Range: $15.00-$17.00
Underwriter(s):Goldman Sachs, Jefferies
Co-Manager(s): William Blair
Terms Added: 7-9-18

Company: Constellation Pharmaceuticals, Inc.
Symbol: CNST
Description: They are a clinical-stage biopharmaceutical company using our expertise in epigenetics to discover and develop novel therapeutics that address serious unmet medical needs in patients with cancers associated with abnormal gene expression or drug resistance.
Trade Date: 7/19
Shares: 5.34 million
Price Range: $14.00-$16.00
Underwriter(s): J.P. Morgan, Jefferies, BMO Capital Markets
Co-Manager(s): Oppenheimer & Co.
Terms Added: 7-9-18

Company: First Western Financial, Inc.
Symbol: MYFW
Description: First Western Financial, Inc. is a financial holding company headquartered in Denver, Colorado.
Trade Date: 7/19
Shares: 1.85 million
Price Range: $19.00-$21.00
Underwriter(s): Keefe Bruyette & Woods, Stephens, Sandler O’ Neill
Terms Added: 7-9-18

Company: AFG Holdings, Inc.
Symbol: AFGL
Description: They are a leading original equipment manufacturer that designs and manufactures highly-engineered, mission critical equipment and provides complementary consumable products, parts and aftermarket services
Trade Date: 7/19
Shares: 18.2 million
Price Range: $15.00-$18.00
Underwriter(s): Goldman Sachs, Credit Suisse, Simmons & Company International, Barclays, Citigroup, Evercore ISI, Wells Fargo Securities
Co-Manager(s): Jefferies, Raymond James, Tudor, Pickering, Holt & Co.
Terms Added: 7-9-18

Company: Establishment Labs Holdings Inc.
Symbol: ESTA
Description: They are a medical technology company focused on improving patient safety and aesthetic outcomes, initially in the breast aesthetics and reconstruction market.
Trade Date: 7/19
Shares: 3.125 million
Price Range: $15.00-$17.00
Underwriter(s): Jefferies, Cowen, BTIG
Terms Added: 7-9-18

Company: Tilray, Inc.
Symbol: TLRY
Description: They are pioneering the future of medical cannabis research, cultivation, processing and distribution globally, and we intend to become a leader in the adult-use cannabis market in Canada once legalized.
Trade Date: 7/19
Shares: 9.0 million
Price Range: $14.00-$16.00
Underwriter(s): Cowen, Roth Capital, Northland Capital
Terms Added: 7-9-18

Company: Replimune Group, Inc.
Symbol: REPL
Description: They are a clinical-stage biotechnology company committed to applying our leading expertise in the field of oncolytic immunotherapy to transform the lives of cancer patients.
Trade Date: 7/20
Shares: 6.7 million
Price Range: $14.00-$16.00
Underwriter(s): J.P. Morgan, Leerink Partners, BMO Capital Markets
Terms Added: 7-10-18

Company: Coastal Financial Corporation
Symbol: CCB
Description: They are a bank holding company that operates through our wholly owned subsidiary, Coastal Community Bank.
Trade Date: Week of 7/16
Shares: 2.72 million
Price Range: $13.00-$15.00
Underwriter(s): Keefe Bruyette & Woods, Hovde Group
Terms Added: 7-10-18

Company: Liquidia Technologies, Inc.
Symbol: LQDA
Description: They are a late-stage clinical biopharmaceutical company focused on the development and commercialization of human therapeutics using our proprietary PRINT technology to transform the lives of patients.
Trade Date: 7/26
Shares: 4.54 million
Price Range: $10.00-$12.00
Underwriter(s): Jefferies, Cowen
Co-Manager(s): Needham & Co., Wedbush PacGrow
Terms Added: 7-13-18

Company: Aurora Mobile Limited
Symbol: JG
Description: They are a leading mobile big data solutions platform in China.
Trade Date: TBD
Shares: 12 million
Price Range: $8.50-$10.50
Underwriter(s): Goldman Sachs, Credit Suisse
Terms Added: 7-13-18

Company: Opera Limited
Symbol: OPRA
Description: They are one of the world’s leading browser providers and an influential player in the field of integrated AI-driven digital content discovery and recommendation platforms.
Trade Date: TBD
Shares: 9 million
Price Range: $10.00-$12.00
Underwriter(s): CICC, Citigroup
Terms Added: 7-13-18

 

 

IPO Pipeline Update: 7.14.18
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