IPO Boutique keeps apprised of the active pipeline. Currently there are 78 active IPOs in the pipeline as of October 13, 2017. 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: Funko,[…]
IPO Weekly Recap – Euphoric demand for Rhythm Pharma & Switch Inc.
Optimism in the IPO market continues to reign as both deals that came to market had strong demand and equally as strong performance in the aftermarket. Rhythm Pharmaceuticals (Nasdaq: RYTM) upsized its offering and priced $1.00 above the range. ‘RYTM’ opened at $23.21 or 36.5% above its $17.00 offering price. Rhythm Pharmaceuticals traded as[…]
Optinose, Inc. #IPO Preview: ($OPTN)
Company: Optinose Inc. Symbol: OPTN Description: They are a specialty pharmaceutical company focused on the development and commercialization of products for patients treated by ear, nose and throat, or ENT, and allergy specialists. Shares: 6.25 million Price Range: $15.00-$17.00 Trade Date: 10/13 Underwriter(s): Jefferies, Piper Jaffray, BMO Capital Markets, RBC Capital Markets Link to S-1/A[…]
Restoration Robotics, Inc. #IPO Preview ($HAIR)
Company: Restoration Robotics, Inc. Symbol: HAIR Description: They are a medical technology company developing and commercializing a robotic device, the ARTAS System, that assists physicians in performing many of the repetitive tasks that are a part of a follicular unit extraction surgery, a type of hair restoration procedure. Shares: 3.125 million Price Range: $7.00-$9.00 Trade[…]
OrthoPediatrics Corp #IPO Preview ($KIDS)
Company: OrthoPediatrics Corp. Symbol: KIDS Description: They are the only medical device company focused exclusively on providing a comprehensive product offering to the pediatric orthopedic market in order to improve the lives of children with orthopedic conditions. Shares: 9.4 million Price Range: $12.00-$14.00 Trade Date: 10/12 Underwriter(s): Piper Jaffray, Stifel Co-Manager(s): William Blair, BTIG Link[…]
CarGurus, Inc. #IPO Preview ($CARG)
Company: CarGurus, Inc. Symbol: CARG Description: CarGurus is a global, online automotive marketplace connecting buyers and sellers of new and used cars. Shares: 9.4 million Price Range: $13.00-$15.00 Trade Date: 10/12 Underwriter(s): Goldman Sachs & Co., Allen & Company, RBC Capital Markets Co-Manager(s): JMP Securities, Raymond James, William Blair Link to S-1/A Prospectus Link to[…]
IPO Pipeline: Filings & Terms remain consistent
IPO Boutique keeps apprised of the active pipeline. Currently there are 74 active IPOs in the pipeline as of October 6, 2017. 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:[…]
IPO Weekly Recap: Roku rips in opening week, bios shine bright at first trades’
It was a very strong week for the IPO market as six IPOs came to market…three closing the week more than 35% above their respective offering prices. The best deal this week was the Roku Inc. (ROKU) offering. The deal, according to our sources, had some initial push-back, but ended up pricing at the high[…]
September IPO Recap – Judging IPO Boutique’s Performance
SUBSCRIBE TO IPOBoutique’s Free Weekly Newsletter In August, the IPO Market saw 14 companies go public for a total cash raise of $2.51bn. This included just one offering that raised more that $500m — PQ Group Holdings (PQG) — but also a heavy contingency of foreign offerings. Five out of the 14 IPOs this past month[…]
Rhythm Pharmaceuticals (RYTM) #IPO Preview
Company: Rhythm Pharmaceuticals Symbol: RYTM Description: They are a biopharmaceutical company focused on the development and commercialization of peptide therapeutics for the treatment of rare genetic deficiencies that result in life-threatening metabolic disorders. Shares: 6.67 million Price Range: $14.00-$16.00 Trade Date: 10/5 Underwriter(s): Morgan Stanley, BofA Merrill Lynch, Cowen & Co. Co-Manager(s): Needham & Co.[…]
Switch, Inc. (SWCH) #IPO Preview
Company: Switch, Inc. Symbol: SWCH Description: They believe the future of the connected world depends on the sustainable and cost-effective growth of the internet and the services it enables. Shares: 31.25 million Price Range: $14.00-$16.00 Trade Date: 10/6 Underwriter(s): Goldman Sachs & Co., J.P. Morgan, BMO Capital Markets, Wells Fargo Securities Co-Manager(s): Citigroup, Credit Suisse,[…]
IPO Pipeline: New Filings & Updated Terms (Week ending 9.29.17)
IPO Boutique keeps apprised of the active pipeline. Currently there are 69 active IPOs in the pipeline as of September 29, 2017. 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. Company: Sea Limited Symbol:[…]
IPO Weekly Recap: Zai Lab, Best Inc shine on Wednesday to remember
It was a very strong week for the IPO market as four of the seven IPOs opened with greater than a 10% premium at first trade. The best deal this week was the Zai Lab Limited (Nasdaq: ZLAB) offering. The offering upsized from 5.88mm shares to 8.0mm shares and priced at the high-end of[…]
Roku Inc (ROKU) IPO Preview
Company: Roku, Inc. Symbol: ROKU Description: They pioneered streaming to the TV. Roku connects users to the streaming content they love, enables content publishers to build and monetize large audiences, and provides advertisers with unique capabilities to engage consumers. Shares: 15.7 million Price Range: $12.00-$14.00 Trade Date: 9/28 Underwriter(s): Morgan Stanley, Citigroup, Allen & Co.,[…]
IPO Pipeline: Seven New Filings added to pipeline (Week ending 9-22-17)
IPO Boutique keeps apprised of the active pipeline. Currently there are 72 active IPOs in the pipeline as of September 22, 2017. 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. Additionally, the ordinary retail[…]
PQ Group Holdings (PQG) IPO Preview
Company: PQ Group Holdings Inc. Symbol: PQG Description: They are a leading global provider of catalysts, specialty materials and chemicals, and services that enable environmental improvements, enhance consumer products, and increase personal safety. Shares: 29 million Price Range: $21.00-$23.00 Trade Date: 9/29 Underwriter(s): Morgan Stanley, Goldman Sachs & Co., Citigroup, Credit Suisse Co-Manager(s): J.P. Morgan,[…]
Nucana plc (NCNA) IPO Preview
Company: Nucana PLC Symbol: NCNA Description: They are a clinical-stage biopharmaceutical company focused on significantly improving treatment outcomes for cancer patients by applying our ProTide technology to transform some of the most widely prescribed chemotherapy agents, nucleoside analogs, into more effective and safer medicines. Shares: 6.67 million ADSs Price Range: $14.00-$16.00 Trade Date: 9/28 Underwriter(s):[…]
Nightstar Therapeutics Limited (NITE) IPO Preview
Company: Nightstar Therapeutics Limited Symbol: NITE Description: They are a leading clinical-stage gene therapy company focused on developing and commercializing novel one-time treatments for patients suffering from rare inherited retinal diseases that would otherwise progress to blindness. Shares: 5.36 million ADSs Range: $13.00-$15.00 Trade Date: 9/28 Underwriter(s): Jefferies, Leerink Partners, BMO Capital Markets Co-Manager(s): Wedbush[…]
Deciphera Pharmaceuticals (DCPH) IPO Preview
Company: Deciphera Pharmaceuticals Symbol: DCPH Description: They are a clinical-stage biopharmaceutical company developing new drugs to improve the lives of cancer patients by addressing key mechanisms of drug resistance that limit the rate and durability of response of many cancer therapies. Shares: 6.25 million Price Range: $15.00-$17.00 Trade Date: 9/28 Underwriter(s): J.P. Morgan, Piper Jaffray[…]
RYB Education, Inc #IPO Preview
Company: RYB Education, Inc. Symbol: RYB Description: They are the largest early childhood education service provider in China, as measured by annual total revenues in 2016, according to the Frost & Sullivan Report. Shares: 7.8 million ADSs Range: $16.00-$18.00 Trade Date: 9/27 Underwriter(s): Credit Suisse, Morgan Stanley Co-Manager(s): CICC, BNP PARIBAS Link to S-1/A Prospectus[…]