IPO Summary: 08/12/19 – 08/16/19

This week 2 IPO’s debuted, zero IPOs updated terms and at the time of this writing three new IPOs filed.

CrossFirst Bankshares, Inc. (CFB) – CrossFirst Bankshares, Inc., a Kansas corporation and registered bank holding company, priced a full-size deal at $14.50 and opened at $14.50. 

  

 9F Inc. (JFU)  priced a full-size deal of 8.9mm ADSs at $9.50 (high-end of the range) and opened at $10.88 for a gain of 14.5%. The stock shot up to the $12.00 mark in the first minute and was halted a couple of times due to volatility. After hitting a high of $13.73 on its opening session, JFU did trade back (and below) to its issue price. 

Looking ahead to this week, there are zero IPOs on the schedule.

It should be noted that there have been a handful of “high-profile” companies that have already officially filed their IPOs with the SEC (We Company, CloudFlare Inc, SmileDirectClub Inc) and investors could “expect” those companies to be among the first to come public in September (post-Labor Day).

Good luck trading!