Winning on Wall Street is difficult enough. The professionals of this business don’t need this post to tell them that. If you are an equities trader, its about finding trends, timing the market and being exceptionally nimble. If you are a financial advisor, its about managing risk, giving customer service, planning for the future and[…]
IPO Boutique 2017 Track Record Recap
The IPO market is different than the quants, algorithms and high-frequency-trading that is prevalent in everyday trading. It’s much more old-school. Who is playing the IPO is just as important as the revenue growth the company states in its prospectus.It is certainly a niche type of investing, that if “played” well can be extremely rewarding.[…]
IPO Pipeline: Calendar set for active next two weeks
IPO Boutique keeps apprised of the active pipeline. Currently there are 71 active IPOs in the pipeline as of September 15, 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 investor[…]
Granite Point Mortgage Trust, Inc. IPO Preview (NYSE: GPMT)
Company: Granite Point Mortgage Trust Inc. Symbol: GPMT Description: They are a Maryland corporation that focuses primarily on directly originating, investing in and managing senior commercial mortgage loans and other debt and debt-like commercial real estate investments. Shares: 10 million Price Range: $20.00-$21.00 Trade Date: 6/23 Underwriter(s): J.P. Morgan, Morgan Stanley, Citigroup, BofA Merrill Lynch[…]
IPO Pipeline Update – New Filings & Updated Terms (Week Ending 6.16.17)
IPO Boutique keeps apprised of the active pipeline. Currently there are 63 active IPOs in the pipeline as of June 2, 2016. No SPACs or Unit Offerings are included. New Filings & Updated Terms (Week ending 6.16.17) NEW FILINGS Company: PQ Group Holdings Inc. Symbol: PQG Description: They are a leading global provider of catalysts,[…]
New Filings & Updated Terms – Week Ending 6.9.17
IPO Boutique keeps apprised of the active pipeline. Currently there are 62 active IPOs in the pipeline as of June 2, 2016. No SPACs or Unit Offerings are included. NEW FILINGS Company: PQ Group Holdings Inc. Symbol: PQG Description: They are a leading global provider of catalysts, specialty materials and chemicals, and services that enable[…]
IPO Boutique Brief – 04.18.17 – Filings with terms come in quantity
The IPO pipeline burst open on Monday after the Easter holiday. Seven IPOs from an array of sectors are currently on the schedule for next week. At the mid-point of each of the seven new issues, the total cash raise would be $1.19bn. As far as quantity of IPOs, it will be more than six[…]
IPO Boutique announces new Secondary Alert service
We always take recommendations from current and prospective clients about how IPO Boutique can better serve our clients (and possible future clients) better. Say hello to IPO Boutique’s newest feature — a premium Secondary Alerts service. Our client base enjoys the comprehensive research and meticulous color that we give out in regards to IPOs. We have now formulated that same high-level,[…]
IPO Boutique Brief – JP Morgan forecasts strong IPO market
The IPO market is not feeling the love in the form of official filings. But at least one major head of a top-tier firm has a special place in her heart for the prospects of the syndicate arena in 2017 and beyond. Okay — the Valentine’s day puns end there. JPMorgan’s head of global equity[…]
Roadshow buyouts becoming a ‘thing’
Mauser Group B.V. was expected to go public on Thursday and raise roughly $265mm if its 12.6mm offering was priced at the mid-point of the $20-$22 range. Instead, the PE firm, Clayton, Dubilier & Rice (CD&E), decided to sell the supplier of industrial rigid packaging products and reconditioning services to Stone Canyon Industries for an all-cash transaction of[…]
IPO Boutique Brief – Snap making its way?
The most high-profile IPO of 2017, Snap Inc., continues to leak information that an official IPO filing is imminent. The latest ‘drip’ comes from Recode’s Kara Swisher who reported late Friday night that Snap will officially file sometime later this week and possibly seek up to a $25bn valuation. Reuters is reporting that SnapChat will[…]
Cisco buyout of AppDynamics unusual, but not uncommon
It was much to do about nothing. Thanks AppDynamics. Capital market bankers, brokers marketing the deal to their clients and those high within the industry were all shocked and selfishly-disappointed that a hot-deal would not come to market. The deal was multiple-times oversubscribed, already had an increased range (bumped from $10-$12 to $12-$14) and was[…]
New IPO Filings and Terms – 1.27.17
NEW FILINGS None to Report TERMS ADDED Company: Ramaco Resources Symbol: METC Price: $12.00-$15.00 Description: They are a developer of high-quality, low-cost metallurgical coal in central and southern West Virginia, southwestern Virginia, and southwestern Pennsylvania. Trade Date: 2/3 Shares: 6.5 million Underwriter(s): Credit Suisse, Jefferies, BMO Capital Markets Co Manager(s): Clarkson’s Platou Securities, Seaport Global[…]
1.25.17 IPO Pricings — AnaptysBio & ObsEva Inc.
SUBSCRIBE TO IPOBoutique’s Free Weekly Newsletter Two healthcare stocks are set to price on Wednesday (1/25) night for Thursday (1/26) trading. AnaptysBio (Nasdaq: ANAB) up-sized its offering and priced at the mid-point of the range. $ANAB priced 5m shares at $15.00. The initial size and range according to the latest S-1/A filing was for 4m[…]
IPO Boutique Brief – Snap gets house in order ahead of IPO
SUBSCRIBE TO IPOBoutique’s Free Weekly Newsletter You think there are a lot of Snap Inc. stories now? …a hoard of headlines are yet to come. For IPO investors, the wait will continue until an official S-1/A is filed with terms. However, it is highly positive to see the amount of stories trickling out about the[…]
IPO Boutique Brief – Beware of Biotech??
SUBSCRIBE TO IPOBoutique’s Free Weekly Newsletter Market sentiment and political rhetoric surrounding the healthcare sector of the market is beyond bad. Democrats, Republicans, rich and poor have collectively made drug companies their own personal punching bags. Donald Trump about drug companies said, and this is a direct quote, “(They) are getting away with murder.” These comments,[…]
Keane Group up-sizes IPO for second time, prices shares at $19.00
The first IPO of the 2017 calendar year has priced. Keane Group (NYSE:FRAC), one of the largest pure-play providers of integrated well completion services in the U.S., with a focus on complex, technically demanding completion solutions, priced 26.76m shares at $19.00. The initial share count and range when first filing with terms on January 9 was[…]
IPO Boutique Brief: Calm before the IPO storm
SUBSCRIBE TO IPOBoutique’s Free Weekly Newsletter Keane Group (NYSE: FRAC) will be 2017’s first IPO as the well-completion oil services company is expected to price an up-sized 22.3 million shares on Thursday night. This deal will grab many of the headlines Friday but will certainly not overshadow what many IPO investors have on their mind —[…]
IPO Boutique Brief: Snap, Silicon Valley does not want your vote
SUBSCRIBE TO IPOBoutique’s Free Weekly Newsletter High-profile technology companies want your money — they just don’t want ‘anything else’ to do with you. Snap Inc., the high-profile company behind messaging service SnapChat, wants to retain management control (subscription-needed) by not allowing voting power to those buying shares in its rumored 1Q 2017 IPO. Silicon Valley is re-writing[…]
Flurry of Filings post MLK Day – Seven Companies Launch for IPO on Tuesday (1.17.17)
The syndicate market was very active following the MLK holiday as six companies filed terms with the SEC. Among the seven, four are healthcare companies, one is materials, one is industrial and another is an energy company. These six will debut next week in addition to the first technology deal of 2017, AppDynamics (Nasdaq: APPD). IPO[…]
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