IPO Weekly Recap 10.16.15 – First Data Finishes Week Flat in tough IPO Market

This past week one IPO debuted, three updated terms and fourteen new deals were filed.

Of the four deals that were on the schedule to come to market this week, only one IPO made its debut. This demonstrates the current lack of appetite for new issues in the marketplace. The deal that came to market, First Data Corporation (NYSE: FDC),  needed to be priced severely below the original range. ‘FDC’ opened with a $0.39 premium but quickly traded below the offering price. First Data closed the week even in respect to its offering price.

The three other deals on the schedule attempted to rework their terms but failed to come to market. Albertsons (NYSE: ABS) postponed its deal in part after a retail giant, Walmart,  released negative news about the growth of its industry. The other deals scheduled this week, Adesto Technologies (NASDAQ: IOTS) and American Farmland Corporation (NASDAQ: AFCO), are currently considered to be in day to day status, according to the underwriters.

Looking ahead to this week, we expect …

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IPO Schedule – Week of 10.19.15

Please check your emails early and often. We may upgrade or downgrade an IPO and or secondary –sometimes with not as much notice as we would like to give. If you have interest in IPOs do NOT delay your IOI’s (hopefully they are already in)…you can always cancel them. We will keep you posted if and as when…we have anything pertinent to add. The current number of “active” IPOs in the pipeline as of 10/16/15 is 130. Good luck trading!